Enel Chile S.A. (NYSE:ENIC) Receives $4.30 Average PT from Brokerages

Shares of Enel Chile S.A. (NYSE:ENIC) have earned an average rating of “Hold” from the five ratings firms that are currently covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $4.30.

Several research analysts have recently issued reports on the company. Zacks Research raised Enel Chile to a “hold” rating in a research report on Monday, December 15th. Santander lowered Enel Chile to a “neutral” rating in a research report on Wednesday, January 28th. Wall Street Zen raised shares of Enel Chile from a “hold” rating to a “buy” rating in a research report on Sunday, November 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of Enel Chile in a research note on Wednesday, January 21st. Finally, Morgan Stanley reissued an “overweight” rating and set a $4.30 price objective on shares of Enel Chile in a research note on Friday, December 12th.

Institutional Investors Weigh In On Enel Chile

Several hedge funds have recently added to or reduced their stakes in ENIC. Arax Advisory Partners raised its position in shares of Enel Chile by 320.4% in the 4th quarter. Arax Advisory Partners now owns 7,652 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 5,832 shares during the last quarter. Savant Capital LLC bought a new stake in shares of Enel Chile during the second quarter valued at approximately $37,000. Cibc World Market Inc. purchased a new position in Enel Chile in the 4th quarter worth approximately $40,000. Foster Group Inc. bought a new position in Enel Chile in the 3rd quarter valued at approximately $42,000. Finally, MML Investors Services LLC bought a new stake in shares of Enel Chile in the 4th quarter worth $43,000. 3.20% of the stock is owned by institutional investors.

Enel Chile Trading Down 0.8%

Shares of NYSE ENIC opened at $4.27 on Friday. Enel Chile has a 1 year low of $2.85 and a 1 year high of $4.51. The company’s 50-day moving average is $4.22 and its 200 day moving average is $3.91.

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.