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

Shares of Enel Chile S.A. (NYSE:ENIC) have earned an average rating of “Moderate Buy” from the six analysts that are currently covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $4.65.

ENIC has been the topic of a number of analyst reports. Itau BBA Securities cut Enel Chile to a “market perform” rating in a research note on Friday, July 10th. Weiss Ratings reissued a “hold (c)” rating on shares of Enel Chile in a research note on Friday, July 17th.

Enel Chile Stock Performance

Shares of Enel Chile stock opened at $4.41 on Friday. Enel Chile has a 52-week low of $3.62 and a 52-week high of $4.74. The business’s 50 day simple moving average is $4.40 and its 200 day simple moving average is $4.37. The firm has a market cap of $6.09 billion, a PE ratio of 10.49 and a beta of 1.02.

Enel Chile (NYSE:ENIC) last posted its quarterly earnings data on Tuesday, June 30th. The utilities provider reported $0.08 EPS for the quarter. The company had revenue of $1.07 billion during the quarter. Enel Chile had a net margin of 12.30% and a return on equity of 10.20%. As a group, equities research analysts predict that Enel Chile will post 0.47 EPS for the current year.

Hedge Funds Weigh In On Enel Chile

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. QRG Capital Management Inc. lifted its position in shares of Enel Chile by 12.1% in the second quarter. QRG Capital Management Inc. now owns 38,367 shares of the utilities provider’s stock valued at $173,000 after buying an additional 4,128 shares during the last quarter. Sequoia Financial Advisors LLC increased its holdings in shares of Enel Chile by 48.8% in the second quarter. Sequoia Financial Advisors LLC now owns 89,652 shares of the utilities provider’s stock valued at $403,000 after purchasing an additional 29,405 shares during the last quarter. Raiffeisen Bank International AG raised its position in shares of Enel Chile by 14.5% in the second quarter. Raiffeisen Bank International AG now owns 523,800 shares of the utilities provider’s stock valued at $2,326,000 after purchasing an additional 66,300 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in shares of Enel Chile during the 2nd quarter worth about $886,000. Finally, OneAscent Investment Solutions LLC bought a new stake in shares of Enel Chile during the 2nd quarter worth about $65,000. Institutional investors own 3.20% of the company’s stock.

About Enel Chile

Enel Chile SA is an electric utility company that operates across the Chilean energy sector. The company is part of the Enel Group and is headquartered in Santiago, Chile. Its American depositary receipts trade on the New York Stock Exchange under the symbol ENIC.

Enel Chile’s activities include electricity generation, transmission-related operations and power distribution. Its generation portfolio includes renewable and conventional technologies, such as hydroelectric, solar, wind and thermal power.