Brokerages Set Enel Chile S.A. (NYSE:ENIC) Target Price at $4.30

Shares of Enel Chile S.A. (NYSE:ENIC) have received a consensus recommendation of “Hold” from the five ratings firms that are presently covering the company, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $4.30.

A number of equities research analysts have commented on ENIC shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Enel Chile in a report on Wednesday, January 21st. Zacks Research raised Enel Chile to a “hold” rating in a research note on Monday, December 15th. Wall Street Zen raised shares of Enel Chile from a “hold” rating to a “buy” rating in a research note on Sunday, November 30th. Santander cut shares of Enel Chile to a “neutral” rating in a research note on Wednesday. Finally, Morgan Stanley reissued an “overweight” rating and issued a $4.30 price objective on shares of Enel Chile in a research report on Friday, December 12th.

Enel Chile Trading Down 1.6%

Shares of NYSE ENIC opened at $4.34 on Tuesday. The firm has a 50-day moving average price of $4.08 and a 200 day moving average price of $3.79. Enel Chile has a 52 week low of $2.85 and a 52 week high of $4.51.

Enel Chile (NYSE:ENIC) last posted its quarterly earnings results on Wednesday, October 29th. The utilities provider reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.03). The company had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.16 billion. Enel Chile had a net margin of 1.75% and a return on equity of 1.23%. Analysts anticipate that Enel Chile will post 0.45 EPS for the current fiscal year.

Institutional Investors Weigh In On Enel Chile

Several institutional investors have recently bought and sold shares of ENIC. Savant Capital LLC purchased a new position in shares of Enel Chile in the 2nd quarter valued at $37,000. Foster Group Inc. purchased a new position in Enel Chile in the third quarter valued at about $42,000. Caprock Group LLC acquired a new position in shares of Enel Chile during the third quarter worth about $48,000. Envestnet Portfolio Solutions Inc. acquired a new stake in shares of Enel Chile in the third quarter valued at about $55,000. Finally, Sowell Financial Services LLC acquired a new position in Enel Chile during the 4th quarter worth approximately $57,000. 3.20% of the stock is currently owned by hedge funds and other institutional investors.

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.