Enel Chile (NYSE:ENIC) Cut to “Hold” at Wall Street Zen

Wall Street Zen cut shares of Enel Chile (NYSE:ENIC) from a buy rating to a hold rating in a research report sent to investors on Saturday morning.

A number of other equities research analysts also recently issued reports on ENIC. Weiss Ratings restated a “hold (c)” rating on shares of Enel Chile in a research report on Wednesday, January 21st. Morgan Stanley reaffirmed an “overweight” rating and set a $4.30 target price on shares of Enel Chile in a report on Friday, December 12th. Zacks Research raised shares of Enel Chile to a “hold” rating in a report on Monday, December 15th. Finally, Santander lowered shares of Enel Chile to a “neutral” rating in a research report on Wednesday, January 28th. One analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $4.30.

Enel Chile Trading Up 2.5%

Shares of NYSE ENIC opened at $3.91 on Friday. The stock has a fifty day moving average of $4.22 and a 200-day moving average of $3.95. Enel Chile has a fifty-two week low of $2.85 and a fifty-two week high of $4.51.

Enel Chile (NYSE:ENIC) last issued its earnings results on Tuesday, March 3rd. The utilities provider reported $0.14 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.01). The company had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $1.21 million. Enel Chile had a return on equity of 9.81% and a net margin of 11.53%. As a group, sell-side analysts forecast that Enel Chile will post 0.45 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Enel Chile

A number of institutional investors and hedge funds have recently bought and sold shares of ENIC. Banco BTG Pactual S.A. purchased a new position in Enel Chile in the 2nd quarter worth approximately $4,389,000. CWA Asset Management Group LLC purchased a new stake in shares of Enel Chile during the 3rd quarter valued at $845,000. PNC Financial Services Group Inc. lifted its holdings in shares of Enel Chile by 80.0% during the 2nd quarter. PNC Financial Services Group Inc. now owns 41,133 shares of the utilities provider’s stock worth $149,000 after acquiring an additional 18,282 shares during the last quarter. Bulltick Wealth Management LLC purchased a new position in Enel Chile in the second quarter worth $60,000. Finally, Perpetual Ltd increased its stake in Enel Chile by 52.7% in the third quarter. Perpetual Ltd now owns 496,572 shares of the utilities provider’s stock valued at $1,932,000 after acquiring an additional 171,353 shares during the last quarter. 3.20% of the stock is owned by hedge funds and other institutional investors.

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.