Enel Chile (NYSE:ENIC) Stock Rating Upgraded by Wall Street Zen

Enel Chile (NYSE:ENIC) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Sunday.

Several other research firms have also weighed in on ENIC. Weiss Ratings restated a “hold (c)” rating on shares of Enel Chile in a report on Wednesday, January 21st. Santander cut shares of Enel Chile to a “neutral” rating in a research report on Wednesday, January 28th. Morgan Stanley reissued an “overweight” rating and issued a $4.30 target price on shares of Enel Chile in a research note on Friday, December 12th. Finally, Zacks Research raised shares of Enel Chile to a “hold” rating in a research note on Monday, December 15th. One equities research analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $4.30.

Enel Chile Trading Up 0.1%

ENIC opened at $3.95 on Friday. The stock has a 50-day moving average of $4.22 and a 200 day moving average of $3.96. Enel Chile has a 12 month low of $2.85 and a 12 month high of $4.51.

Enel Chile (NYSE:ENIC) last issued its quarterly earnings data on Tuesday, March 3rd. The utilities provider reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01). The company had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $1.21 million. Enel Chile had a net margin of 11.53% and a return on equity of 9.81%. On average, analysts expect that Enel Chile will post 0.45 earnings per share for the current year.

Institutional Trading of Enel Chile

Institutional investors and hedge funds have recently made changes to their positions in the business. Royal Bank of Canada boosted its stake in shares of Enel Chile by 4.6% during the first quarter. Royal Bank of Canada now owns 438,287 shares of the utilities provider’s stock valued at $1,433,000 after purchasing an additional 19,092 shares during the period. Cubist Systematic Strategies LLC lifted its holdings in Enel Chile by 97.9% during the 1st quarter. Cubist Systematic Strategies LLC now owns 61,591 shares of the utilities provider’s stock valued at $201,000 after buying an additional 30,465 shares in the last quarter. NewEdge Advisors LLC purchased a new stake in Enel Chile in the 1st quarter valued at about $289,000. Jane Street Group LLC bought a new position in Enel Chile in the 1st quarter worth about $131,000. Finally, Focus Partners Wealth increased its position in shares of Enel Chile by 154.2% during the first quarter. Focus Partners Wealth now owns 36,979 shares of the utilities provider’s stock worth $121,000 after acquiring an additional 22,434 shares during the period. 3.20% of the stock is currently owned by institutional investors.

Enel Chile Company Profile

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.