Banco BTG Pactual S.A. Invests $2.77 Million in Enel Chile S.A. $ENIC

Banco BTG Pactual S.A. purchased a new position in shares of Enel Chile S.A. (NYSE:ENIC) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 690,017 shares of the utilities provider’s stock, valued at approximately $2,774,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ENIC. Cibc World Market Inc. purchased a new position in Enel Chile in the 4th quarter valued at about $40,000. Caprock Group LLC bought a new position in shares of Enel Chile during the third quarter worth about $48,000. Sowell Financial Services LLC bought a new position in shares of Enel Chile during the fourth quarter worth about $57,000. Truist Financial Corp lifted its position in shares of Enel Chile by 25.2% during the third quarter. Truist Financial Corp now owns 16,684 shares of the utilities provider’s stock worth $65,000 after purchasing an additional 3,357 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. lifted its position in shares of Enel Chile by 20.0% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 17,031 shares of the utilities provider’s stock worth $68,000 after purchasing an additional 2,840 shares during the last quarter. 3.20% of the stock is owned by hedge funds and other institutional investors.

Enel Chile Stock Performance

Shares of NYSE:ENIC opened at $4.40 on Friday. The stock has a market capitalization of $6.08 billion, a price-to-earnings ratio of 11.27 and a beta of 1.03. Enel Chile S.A. has a 1-year low of $3.10 and a 1-year high of $4.74. The company has a 50 day moving average price of $4.35 and a 200 day moving average price of $4.18.

Enel Chile (NYSE:ENIC) last issued its earnings results on Tuesday, March 31st. The utilities provider reported $0.12 earnings per share for the quarter. The firm 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%. On average, sell-side analysts expect that Enel Chile S.A. will post 0.46 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Enel Chile in a report on Monday, April 20th. Scotiabank raised shares of Enel Chile to a “strong-buy” rating in a report on Thursday, April 23rd. Btg Pactual set a $5.00 price target on shares of Enel Chile in a research note on Friday, May 8th. Finally, 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. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $4.65.

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.