Connor Clark & Lunn Investment Management Ltd. Sells 35,888 Shares of Enel Chile S.A. $ENIC

Connor Clark & Lunn Investment Management Ltd. lowered its stake in shares of Enel Chile S.A. (NYSE:ENIC) by 3.0% during the second quarter, Holdings Channel.com reports. The institutional investor owned 1,143,226 shares of the utilities provider’s stock after selling 35,888 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Enel Chile were worth $4,150,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Kingstone Capital Partners Texas LLC bought a new position in Enel Chile during the 2nd quarter worth approximately $10,650,000. Helikon Investments Ltd raised its holdings in Enel Chile by 112.9% in the first quarter. Helikon Investments Ltd now owns 4,498,563 shares of the utilities provider’s stock worth $14,710,000 after purchasing an additional 2,385,840 shares during the period. Candriam S.C.A. bought a new position in shares of Enel Chile during the first quarter worth $2,436,000. Carrera Capital Advisors increased its position in shares of Enel Chile by 2,729.3% in the 1st quarter. Carrera Capital Advisors now owns 472,381 shares of the utilities provider’s stock valued at $1,545,000 after buying an additional 455,685 shares in the last quarter. Finally, Perpetual Ltd acquired a new stake in Enel Chile during the 2nd quarter worth $1,181,000. 3.20% of the stock is currently owned by institutional investors and hedge funds.

Enel Chile Price Performance

Shares of Enel Chile stock opened at $3.90 on Friday. The business’s 50 day simple moving average is $3.81 and its 200 day simple moving average is $3.62. Enel Chile S.A. has a 52-week low of $2.62 and a 52-week high of $4.05.

Enel Chile (NYSE:ENIC) last issued its quarterly earnings results on Wednesday, October 29th. The utilities provider reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.03). Enel Chile had a return on equity of 1.23% and a net margin of 1.75%.The business had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.16 billion. As a group, equities analysts forecast that Enel Chile S.A. will post 0.45 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Enel Chile in a research note on Wednesday, October 8th. Wall Street Zen raised Enel Chile from a “hold” rating to a “buy” rating in a research note on Saturday, November 1st. Finally, Citigroup lowered shares of Enel Chile from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 18th. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $3.90.

Enel Chile Company Profile

Enel Chile SA, an electricity utility company, engages in the generation, transmission, and distribution of electricity in Chile. The company operates through Generation, and Distribution and Networks Segments. It generates electricity through various sources, such as hydroelectric, thermal, wind, solar, and geothermal power plants.