Enel Chile S.A. (NYSE:ENIC) Receives Consensus Rating of “Hold” from Brokerages

Enel Chile S.A. (NYSE:ENIC) has been assigned a consensus rating of “Hold” from the five analysts that are presently covering the company, MarketBeat reports. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $4.30.

A number of equities research analysts have issued reports on ENIC shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Enel Chile in a research note on Wednesday, January 21st. Wall Street Zen raised Enel Chile from a “hold” rating to a “buy” rating in a research note on Sunday. Santander downgraded Enel Chile to a “neutral” rating in a research note on Wednesday, January 28th. Morgan Stanley restated an “overweight” rating and issued a $4.30 price target on shares of Enel Chile in a research note on Friday, December 12th. Finally, Zacks Research upgraded shares of Enel Chile to a “hold” rating in a research report on Monday, December 15th.

Institutional Trading of Enel Chile

Several hedge funds have recently bought and sold shares of the stock. Royal Bank of Canada grew its position in shares of Enel Chile by 4.6% during the first quarter. Royal Bank of Canada now owns 438,287 shares of the utilities provider’s stock valued at $1,433,000 after purchasing an additional 19,092 shares in the last quarter. Cubist Systematic Strategies LLC lifted its position in shares of Enel Chile by 97.9% in the first quarter. Cubist Systematic Strategies LLC now owns 61,591 shares of the utilities provider’s stock worth $201,000 after buying an additional 30,465 shares in the last quarter. NewEdge Advisors LLC bought a new position in Enel Chile during the first quarter valued at approximately $289,000. Jane Street Group LLC bought a new stake in Enel Chile in the 1st quarter worth approximately $131,000. Finally, Focus Partners Wealth raised its holdings in shares of Enel Chile by 154.2% during the 1st quarter. Focus Partners Wealth now owns 36,979 shares of the utilities provider’s stock worth $121,000 after acquiring an additional 22,434 shares in the last quarter. Hedge funds and other institutional investors own 3.20% of the company’s stock.

Enel Chile Stock Up 0.1%

Shares of NYSE:ENIC opened at $4.08 on Wednesday. Enel Chile has a 1-year low of $2.85 and a 1-year high of $4.51. The firm’s 50 day simple moving average is $4.21 and its two-hundred day simple moving average is $3.97.

Enel Chile (NYSE:ENIC) last announced its quarterly earnings data on Tuesday, March 3rd. The utilities provider reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01). Enel Chile had a return on equity of 9.81% and a net margin of 11.53%.The firm had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $1.21 million. On average, sell-side analysts anticipate that Enel Chile will post 0.45 EPS for the current fiscal year.

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.