Enel Chile S.A. (NYSE:ENIC) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Enel Chile S.A. (NYSE:ENIC) has earned an average recommendation of “Moderate Buy” from the six research firms that are presently covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $4.65.

ENIC has been the subject of several recent analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Enel Chile in a research report on Monday, April 20th. Scotiabank upgraded shares of Enel Chile to a “strong-buy” rating in a research report on Thursday, April 23rd. Btg Pactual set a $5.00 price objective on shares of Enel Chile in a research report on Friday, May 8th. Finally, Wall Street Zen cut shares of Enel Chile from a “strong-buy” rating to a “hold” rating in a research report on Sunday, May 10th.

Enel Chile Stock Performance

Shares of NYSE ENIC opened at $4.51 on Friday. Enel Chile has a 52-week low of $3.10 and a 52-week high of $4.74. The firm has a 50 day moving average price of $4.41 and a two-hundred day moving average price of $4.24. The stock has a market cap of $6.23 billion, a P/E ratio of 11.55 and a beta of 1.03.

Enel Chile (NYSE:ENIC) last posted its quarterly earnings data on Tuesday, March 31st. The utilities provider reported $0.12 earnings per share for the quarter. Enel Chile had a net margin of 11.04% and a return on equity of 9.50%. The company had revenue of $1.20 billion during the quarter. Analysts predict that Enel Chile will post 0.46 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Enel Chile

Large investors have recently bought and sold shares of the stock. Arax Advisory Partners grew its holdings in Enel Chile by 320.4% in the fourth quarter. Arax Advisory Partners now owns 7,652 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 5,832 shares during the period. Cibc World Market Inc. acquired a new stake in Enel Chile in the fourth quarter worth $40,000. Allspring Global Investments Holdings LLC acquired a new stake in Enel Chile in the first quarter worth $41,000. SmartHarvest Portfolios LLC acquired a new stake in Enel Chile in the first quarter worth $43,000. Finally, Sanctuary Advisors LLC acquired a new stake in Enel Chile in the first quarter worth $43,000. 3.20% of the stock is currently owned by institutional investors and hedge funds.

About Enel Chile

Enel Chile SA, traded as ENIC on the NYSE, is one of Chile’s leading integrated electric utilities, with core businesses spanning electricity generation, transmission and distribution. The company serves a diverse customer base that includes residential, commercial and industrial users, striving to deliver reliable power across both urban and rural regions.

In its generation segment, Enel Chile operates a balanced portfolio of assets, including hydroelectric plants, thermal power stations and an expanding suite of renewable energy facilities such as wind and solar farms.