Enel Americas (NYSE:ENIA) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Tuesday, Zacks.com reports.

According to Zacks, “Enel Americas SA engages in the exploitation, distribution and transformation of energy directly or through its subsidiaries and affiliates. It operating business segments consists of Generation & Transmission and Distribution. Generation & Transmission segment composes of companies which own generation plants. Distribution segment includes electricity supply to the final customers. Enel Americas SA, formerly known as Enersis S A ADR, is based in Santiago, Chile. “

Shares of NYSE ENIA opened at $8.33 on Tuesday. Enel Americas has a 52-week low of $6.96 and a 52-week high of $10.52.

A number of hedge funds and other institutional investors have recently made changes to their positions in ENIA. JPMorgan Chase & Co. boosted its stake in Enel Americas by 15,201.0% in the third quarter. JPMorgan Chase & Co. now owns 554,969 shares of the utilities provider’s stock valued at $4,289,000 after acquiring an additional 551,342 shares in the last quarter. Advisors Asset Management Inc. boosted its stake in Enel Americas by 92.0% in the fourth quarter. Advisors Asset Management Inc. now owns 149,417 shares of the utilities provider’s stock valued at $1,333,000 after acquiring an additional 71,583 shares in the last quarter. Canada Pension Plan Investment Board acquired a new position in Enel Americas in the fourth quarter valued at $2,824,000. Mackenzie Financial Corp acquired a new position in Enel Americas in the fourth quarter valued at $95,000. Finally, Acadian Asset Management LLC boosted its stake in Enel Americas by 27.6% in the fourth quarter. Acadian Asset Management LLC now owns 9,592,733 shares of the utilities provider’s stock valued at $85,566,000 after acquiring an additional 2,075,421 shares in the last quarter.

About Enel Americas

Enel Américas SA operates as an electricity utility company in Argentina, Brazil, Colombia, and Peru. The company, through its subsidiaries, generates, transmits, and distributes electricity using hydroelectric and thermal energy sources. As of December 31, 2017, it had 11,444 megawatts of installed generation capacity and 17.2 million distribution customers.

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