Enel Chile S.A. (NYSE:ENIC) Given Consensus Rating of “Moderate Buy” by Brokerages

Enel Chile S.A. (NYSE:ENIC) has been assigned an average rating of “Moderate Buy” from the six research firms that are currently covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $4.65.

A number of brokerages recently commented on ENIC. Wall Street Zen downgraded shares of Enel Chile from a “strong-buy” rating to a “hold” rating in a research report on Sunday, May 10th. Btg Pactual set a $5.00 target price on shares of Enel Chile in a research note on Friday, May 8th. Weiss Ratings restated a “hold (c)” rating on shares of Enel Chile in a report on Friday, July 17th. Itau BBA Securities lowered Enel Chile to a “market perform” rating in a report on Friday, July 10th. Finally, Scotiabank upgraded Enel Chile to a “strong-buy” rating in a research note on Thursday, April 23rd.

Enel Chile Trading Up 2.8%

Shares of Enel Chile stock opened at $4.54 on Friday. Enel Chile has a 1 year low of $3.34 and a 1 year high of $4.74. The company has a market cap of $6.27 billion, a P/E ratio of 10.80 and a beta of 1.04. The stock has a 50-day moving average price of $4.44 and a 200 day moving average price of $4.31.

Enel Chile (NYSE:ENIC) last issued its earnings results on Tuesday, June 30th. The utilities provider reported $0.08 earnings per share for the quarter. The company had revenue of $1.07 billion for the quarter. Enel Chile had a return on equity of 10.20% and a net margin of 12.30%. On average, equities analysts forecast that Enel Chile will post 0.46 earnings per share for the current fiscal year.

Institutional Trading of Enel Chile

Several large investors have recently added to or reduced their stakes in the business. Royal Bank of Canada increased its stake in shares of Enel Chile by 4.6% during the 1st quarter. Royal Bank of Canada now owns 438,287 shares of the utilities provider’s stock worth $1,433,000 after purchasing an additional 19,092 shares during the last quarter. Cubist Systematic Strategies LLC boosted its holdings in 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 purchasing an additional 30,465 shares in the last quarter. NewEdge Advisors LLC acquired a new position in Enel Chile during the first quarter worth $289,000. Jane Street Group LLC bought a new position in Enel Chile during the first quarter valued at about $131,000. Finally, Focus Partners Wealth lifted its position in shares of Enel Chile by 154.2% in the first quarter. Focus Partners Wealth now owns 36,979 shares of the utilities provider’s stock worth $121,000 after buying an additional 22,434 shares during the last quarter. 3.20% of the stock is owned by institutional investors.

About Enel Chile

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.