654,002 Shares in Enel Chile S.A. $ENIC Bought by Fideuram Intesa Sanpaolo Private Banking S.P.A.

Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in shares of Enel Chile S.A. (NYSE:ENIC) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 654,002 shares of the utilities provider’s stock, valued at approximately $2,629,000.

Several other institutional investors have also bought and sold shares of ENIC. Jump Financial LLC lifted its position in Enel Chile by 5,592.9% during the second quarter. Jump Financial LLC now owns 584,202 shares of the utilities provider’s stock valued at $2,121,000 after purchasing an additional 573,940 shares during the last quarter. Schroder Investment Management Group bought a new position in Enel Chile during the third quarter valued at $1,408,000. Arrowstreet Capital Limited Partnership lifted its position in Enel Chile by 70.2% during the second quarter. Arrowstreet Capital Limited Partnership now owns 597,895 shares of the utilities provider’s stock valued at $2,170,000 after purchasing an additional 246,530 shares during the last quarter. Hennion & Walsh Asset Management Inc. lifted its position in Enel Chile by 183.8% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 251,731 shares of the utilities provider’s stock valued at $1,012,000 after purchasing an additional 163,022 shares during the last quarter. Finally, Advisors Asset Management Inc. lifted its position in Enel Chile by 226.7% during the third quarter. Advisors Asset Management Inc. now owns 145,670 shares of the utilities provider’s stock valued at $567,000 after purchasing an additional 101,086 shares during the last quarter. Institutional investors own 3.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on ENIC shares. Wall Street Zen lowered shares of Enel Chile from a “strong-buy” rating to a “hold” rating in a research report on Sunday, May 10th. Btg Pactual set a $5.00 price objective on shares of Enel Chile in a research report on Friday, May 8th. Scotiabank upgraded shares of Enel Chile to a “strong-buy” rating in a report on Thursday, April 23rd. Weiss Ratings restated a “hold (c)” rating on shares of Enel Chile in a report on Monday, April 20th. Finally, Santander lowered shares of Enel Chile to a “neutral” rating in a report on Wednesday, January 28th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Enel Chile has an average rating of “Moderate Buy” and a consensus price target of $4.65.

Enel Chile Trading Up 3.0%

Enel Chile stock opened at $4.34 on Thursday. The firm has a 50-day moving average price of $4.27 and a 200-day moving average price of $4.13. The firm has a market capitalization of $6.00 billion, a PE ratio of 11.12 and a beta of 1.06. Enel Chile S.A. has a 12-month low of $3.10 and a 12-month high of $4.74.

Enel Chile (NYSE:ENIC) last released its earnings results on Tuesday, March 31st. The utilities provider reported $0.12 earnings per share (EPS) for the quarter. The firm had revenue of $1.20 billion during the quarter. Enel Chile had a net margin of 11.04% and a return on equity of 9.50%. As a group, sell-side analysts predict that Enel Chile S.A. will post 0.46 earnings per share for the current fiscal year.

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.