Enel Chile (NYSE:ENIC) Raised to “Buy” at Wall Street Zen

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

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Enel Chile in a report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Enel Chile Trading Up 1.3%

Shares of ENIC stock opened at $3.85 on Friday. The stock has a 50 day simple moving average of $3.82 and a 200 day simple moving average of $3.63. Enel Chile has a 1 year low of $2.67 and a 1 year high of $4.05.

Enel Chile (NYSE:ENIC) last announced its quarterly earnings data on Wednesday, October 29th. The utilities provider reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.03). The company had revenue of $1.17 billion during 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%. On average, equities research analysts expect that Enel Chile will post 0.45 earnings per share for the current year.

Institutional Investors Weigh In On Enel Chile

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Parallel Advisors LLC boosted its position in Enel Chile by 9.5% in the second quarter. Parallel Advisors LLC now owns 36,292 shares of the utilities provider’s stock valued at $132,000 after buying an additional 3,136 shares in the last quarter. Truist Financial Corp grew its position in Enel Chile by 25.2% during the 3rd quarter. Truist Financial Corp now owns 16,684 shares of the utilities provider’s stock worth $65,000 after acquiring an additional 3,357 shares during the last quarter. Hantz Financial Services Inc. increased its holdings in Enel Chile by 1.3% in the 3rd quarter. Hantz Financial Services Inc. now owns 287,814 shares of the utilities provider’s stock worth $1,120,000 after purchasing an additional 3,744 shares in the last quarter. Wealthstream Advisors Inc. raised its position in Enel Chile by 24.4% in the third quarter. Wealthstream Advisors Inc. now owns 19,583 shares of the utilities provider’s stock valued at $76,000 after purchasing an additional 3,835 shares during the last quarter. Finally, Raiffeisen Bank International AG grew its holdings in shares of Enel Chile by 1.2% during the first quarter. Raiffeisen Bank International AG now owns 337,300 shares of the utilities provider’s stock worth $1,116,000 after purchasing an additional 3,900 shares during the last quarter. 3.20% of the stock is owned by institutional investors.

Enel Chile Company Profile

Enel Chile SA, an electricity utility company, engages in the generation, transmission, and distribution of electricity in Chile. The company operates through Generation, and Distribution and Networks Segments. It generates electricity through various sources, such as hydroelectric, thermal, wind, solar, and geothermal power plants.