Enel Chile S.A. $ENIC Stock Position Raised by Brandes Investment Partners LP

Brandes Investment Partners LP lifted its position in Enel Chile S.A. (NYSE:ENIC) by 2.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,270,748 shares of the utilities provider’s stock after acquiring an additional 120,905 shares during the quarter. Brandes Investment Partners LP’s holdings in Enel Chile were worth $21,188,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Cibc World Market Inc. purchased a new stake in shares of Enel Chile in the 4th quarter valued at approximately $40,000. Caprock Group LLC purchased a new stake in shares of Enel Chile in the 3rd quarter valued at approximately $48,000. Sowell Financial Services LLC purchased a new stake in shares of Enel Chile in the 4th quarter valued at approximately $57,000. Truist Financial Corp lifted its position in shares of Enel Chile by 25.2% in the 3rd quarter. Truist Financial Corp now owns 16,684 shares of the utilities provider’s stock valued at $65,000 after acquiring an additional 3,357 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. lifted its position in shares of Enel Chile by 20.0% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 17,031 shares of the utilities provider’s stock valued at $68,000 after acquiring an additional 2,840 shares in the last quarter. Hedge funds and other institutional investors own 3.20% of the company’s stock.

Analyst Upgrades and Downgrades

ENIC has been the subject of a number of research analyst reports. Wall Street Zen downgraded shares of Enel Chile from a “strong-buy” rating to a “hold” rating in a research report on Sunday, May 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of Enel Chile in a research report on Monday, April 20th. Btg Pactual set a $5.00 target price on shares of Enel Chile in a research report on Friday, May 8th. Finally, Scotiabank upgraded shares of Enel Chile to a “strong-buy” rating in a research report on Thursday, April 23rd. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $4.65.

Enel Chile Stock Up 0.6%

Shares of ENIC opened at $4.24 on Thursday. The company’s fifty day moving average is $4.34 and its 200-day moving average is $4.17. Enel Chile S.A. has a 12 month low of $3.10 and a 12 month high of $4.74. The firm has a market cap of $5.86 billion, a price-to-earnings ratio of 10.86 and a beta of 1.03.

Enel Chile (NYSE:ENIC) last announced its quarterly earnings results on Tuesday, March 31st. The utilities provider reported $0.12 EPS 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 for the quarter. As a group, research analysts predict that Enel Chile S.A. will post 0.46 earnings per share for the current fiscal year.

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.