Enel Chile S.A. (NYSE:ENIC) Given Consensus Rating of “Moderate Buy” by Brokerages

Enel Chile S.A. (NYSE:ENIC) has been given an average rating of “Moderate Buy” by the six research firms that are covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $4.65.

A number of analysts recently issued reports on the stock. Btg Pactual set a $5.00 target price on shares of Enel Chile in a research report on Friday, May 8th. Weiss Ratings restated a “hold (c)” rating on shares of Enel Chile in a report on Friday, July 17th. Wall Street Zen lowered Enel Chile from a “strong-buy” rating to a “hold” rating in a research note on Sunday, May 10th. Itau BBA Securities cut Enel Chile to a “market perform” rating in a report on Friday, July 10th. Finally, Scotiabank raised shares of Enel Chile to a “strong-buy” rating in a research report on Thursday, April 23rd.

Institutional Investors Weigh In On Enel Chile

Institutional investors have recently added to or reduced their stakes in the company. Banco BTG Pactual S.A. acquired a new stake in Enel Chile during the fourth quarter worth about $2,774,000. Wellington Management Group LLP grew its holdings in shares of Enel Chile by 48.4% during the 4th quarter. Wellington Management Group LLP now owns 2,042,904 shares of the utilities provider’s stock worth $8,212,000 after purchasing an additional 666,544 shares during the period. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in Enel Chile during the 4th quarter worth approximately $2,629,000. Jump Financial LLC raised its holdings in Enel Chile by 5,592.9% in the second quarter. Jump Financial LLC now owns 584,202 shares of the utilities provider’s stock valued at $2,121,000 after buying an additional 573,940 shares during the period. Finally, Schroder Investment Management Group acquired a new position in Enel Chile during the third quarter valued at approximately $1,408,000. Hedge funds and other institutional investors own 3.20% of the company’s stock.

Enel Chile Trading Down 1.9%

Enel Chile stock opened at $4.30 on Tuesday. The stock has a market cap of $5.96 billion, a PE ratio of 11.04 and a beta of 1.02. The stock has a 50-day moving average price of $4.37 and a 200 day moving average price of $4.29. Enel Chile has a 52 week low of $3.10 and a 52 week high of $4.74.

Enel Chile (NYSE:ENIC) last issued its quarterly earnings results on Tuesday, March 31st. The utilities provider reported $0.12 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%. On average, equities analysts predict that Enel Chile will post 0.46 EPS for the current 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.