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

Enel Chile S.A. (NYSE:ENIC) has earned a consensus rating of “Moderate Buy” from the six analysts that are presently covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $4.65.

ENIC has been the subject of several recent analyst reports. Scotiabank raised shares of Enel Chile to a “strong-buy” rating in a research report on Thursday, April 23rd. Wall Street Zen lowered shares of Enel Chile from a “strong-buy” rating to a “hold” rating in a research note on Sunday, May 10th. Btg Pactual set a $5.00 price target on shares of Enel Chile in a research note on Friday, May 8th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Enel Chile in a research note on Monday, April 20th.

Enel Chile Trading Down 0.3%

Enel Chile stock opened at $4.35 on Friday. The stock has a market cap of $6.01 billion, a P/E ratio of 11.14 and a beta of 1.03. The company has a fifty day simple moving average of $4.41 and a 200-day simple moving average of $4.23. Enel Chile has a 12-month low of $3.10 and a 12-month high of $4.74.

Enel Chile (NYSE:ENIC) last released its quarterly earnings data on Tuesday, March 31st. The utilities provider reported $0.12 earnings per share (EPS) for the quarter. The business 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 forecast that Enel Chile will post 0.46 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Enel Chile

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Banco BTG Pactual S.A. acquired a new position in Enel Chile in the fourth quarter valued at $2,774,000. Hennion & Walsh Asset Management Inc. increased its stake in Enel Chile by 183.8% in 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 period. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in Enel Chile in the fourth quarter valued at $2,629,000. Brandes Investment Partners LP increased its stake in Enel Chile by 2.3% in the fourth quarter. Brandes Investment Partners LP now owns 5,270,748 shares of the utilities provider’s stock valued at $21,188,000 after purchasing an additional 120,905 shares during the period. Finally, Greenspring Advisors LLC acquired a new position in Enel Chile in the fourth quarter valued at $78,000. 3.20% of the stock is currently owned by institutional investors and hedge funds.

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.