Enel Chile (NYSE:ENIC) Raised to Buy at Wall Street Zen

Enel Chile (NYSE:ENIC) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Sunday.

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Enel Chile in a report on Wednesday, October 8th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Enel Chile Trading Down 0.1%

Shares of ENIC opened at $3.85 on Friday. The stock has a 50 day moving average price of $3.82 and a 200 day moving average price of $3.62. Enel Chile has a one year low of $2.68 and a one year high of $4.05.

Enel Chile (NYSE:ENIC) last issued its 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). The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.16 billion. Enel Chile had a return on equity of 1.23% and a net margin of 1.75%. Equities analysts anticipate that Enel Chile will post 0.45 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. US Bancorp DE raised its stake in shares of Enel Chile by 599.7% during the first quarter. US Bancorp DE now owns 46,670 shares of the utilities provider’s stock worth $153,000 after purchasing an additional 40,000 shares during the last quarter. Raiffeisen Bank International AG increased its stake in Enel Chile by 1.2% in the 1st quarter. Raiffeisen Bank International AG now owns 337,300 shares of the utilities provider’s stock valued at $1,116,000 after buying an additional 3,900 shares during the period. Helikon Investments Ltd lifted its stake in shares of Enel Chile by 112.9% in the 1st quarter. Helikon Investments Ltd now owns 4,498,563 shares of the utilities provider’s stock worth $14,710,000 after acquiring an additional 2,385,840 shares during the period. Johnson Financial Group LLC purchased a new stake in shares of Enel Chile in the first quarter valued at about $35,000. Finally, Invesco Ltd. raised its holdings in Enel Chile by 10.9% during the first quarter. Invesco Ltd. now owns 445,156 shares of the utilities provider’s stock worth $1,456,000 after purchasing an additional 43,648 shares in the last quarter. 3.20% of the stock is currently owned by institutional investors and hedge funds.

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.