Fideuram Intesa Sanpaolo Private Banking S.P.A. Decreases Stock Holdings in Enel Chile S.A. $ENIC

Fideuram Intesa Sanpaolo Private Banking S.P.A. reduced its position in shares of Enel Chile S.A. (NYSE:ENIC) by 98.9% in the first quarter, according to its most recent filing with the SEC. The fund owned 7,009 shares of the utilities provider’s stock after selling 646,993 shares during the quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A.’s holdings in Enel Chile were worth $28,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Arax Advisory Partners increased its holdings in shares of Enel Chile by 320.4% in the 4th quarter. Arax Advisory Partners now owns 7,652 shares of the utilities provider’s stock worth $31,000 after buying an additional 5,832 shares during the last quarter. Cibc World Market Inc. bought a new position in shares of Enel Chile in the 4th quarter valued at about $40,000. SmartHarvest Portfolios LLC purchased a new position in Enel Chile in the first quarter worth about $43,000. MML Investors Services LLC bought a new stake in Enel Chile during the fourth quarter worth approximately $43,000. Finally, TMB Capital Partners LLC purchased a new stake in Enel Chile during the fourth quarter valued at approximately $49,000. Hedge funds and other institutional investors own 3.20% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on ENIC. Btg Pactual set a $5.00 target price on Enel Chile in a research report on Friday, May 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Enel Chile in a research note on Monday, April 20th. Scotiabank upgraded shares of Enel Chile to a “strong-buy” rating in a research report on Thursday, April 23rd. Finally, Wall Street Zen lowered shares of Enel Chile from a “strong-buy” rating to a “hold” rating in a report on Sunday, May 10th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, Enel Chile presently has a consensus rating of “Moderate Buy” and an average target price of $4.65.

Enel Chile Price Performance

NYSE:ENIC opened at $4.41 on Monday. The firm has a market cap of $6.09 billion, a PE ratio of 11.30 and a beta of 1.02. The company has a 50-day moving average of $4.40 and a 200 day moving average of $4.25. Enel Chile S.A. has a 1-year low of $3.10 and a 1-year high of $4.74.

Enel Chile (NYSE:ENIC) last posted 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 business had revenue of $1.20 billion during the quarter. Sell-side analysts anticipate that Enel Chile S.A. will post 0.46 EPS 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.