Enel Chile S.A. (NYSE:ENIC) Receives Average Rating of “Moderate Buy” from Analysts

Enel Chile S.A. (NYSE:ENIC) has received a consensus recommendation of “Moderate Buy” from the six brokerages that are presently covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation, one has given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $4.65.

ENIC has been the topic of a number of recent analyst reports. Scotiabank upgraded shares of Enel Chile to a “strong-buy” rating in a research note on Thursday, April 23rd. Btg Pactual set a $5.00 price objective on shares of Enel Chile in a research note on Friday, May 8th. Wall Street Zen cut shares of Enel Chile from a “strong-buy” rating to a “hold” rating in a research note on Sunday, May 10th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Enel Chile in a research report on Monday, April 20th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in ENIC. Arax Advisory Partners grew its position in Enel Chile by 320.4% during the fourth quarter. Arax Advisory Partners now owns 7,652 shares of the utilities provider’s stock worth $31,000 after buying an additional 5,832 shares during the period. Cibc World Market Inc. acquired a new position in Enel Chile during the fourth quarter worth about $40,000. Allspring Global Investments Holdings LLC acquired a new position in Enel Chile during the first quarter worth about $41,000. SmartHarvest Portfolios LLC acquired a new position in Enel Chile during the first quarter worth about $43,000. Finally, Sanctuary Advisors LLC acquired a new position in Enel Chile during the first quarter worth about $43,000. 3.20% of the stock is currently owned by institutional investors and hedge funds.

Enel Chile Stock Down 0.3%

Shares of Enel Chile stock opened at $4.35 on Friday. Enel Chile has a 52-week low of $3.10 and a 52-week high of $4.74. The company’s 50-day simple moving average is $4.41 and its 200-day simple moving average is $4.23. The firm has a market cap of $6.01 billion, a price-to-earnings ratio of 11.14 and a beta of 1.03.

Enel Chile (NYSE:ENIC) last issued its quarterly earnings results on Tuesday, March 31st. The utilities provider reported $0.12 earnings per share (EPS) for the quarter. Enel Chile had a net margin of 11.04% and a return on equity of 9.50%. The business had revenue of $1.20 billion for the quarter. Equities research analysts anticipate that Enel Chile will post 0.46 EPS for the current 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.