BidaskClub downgraded shares of Enersis Chile S.A. (NYSE:ENIC) from a buy rating to a hold rating in a research note released on Friday.

Several other equities analysts have also recently issued reports on the company. Goldman Sachs Group, Inc. (The) cut Enersis Chile from a neutral rating to a sell rating in a report on Tuesday, October 3rd. Scotiabank cut Enersis Chile from a sector perform rating to an underperform rating in a report on Wednesday, November 1st.

Shares of Enersis Chile (NYSE:ENIC) traded down $0.03 on Friday, reaching $5.69. The company’s stock had a trading volume of 128,400 shares, compared to its average volume of 275,859. Enersis Chile has a 12 month low of $4.25 and a 12 month high of $6.31.

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Several institutional investors have recently made changes to their positions in ENIC. Brandes Investment Partners LP increased its stake in shares of Enersis Chile by 60.6% in the 2nd quarter. Brandes Investment Partners LP now owns 8,821,556 shares of the utilities provider’s stock valued at $48,519,000 after purchasing an additional 3,329,225 shares in the last quarter. Aberdeen Asset Management PLC UK increased its stake in shares of Enersis Chile by 91.5% in the 2nd quarter. Aberdeen Asset Management PLC UK now owns 767,561 shares of the utilities provider’s stock valued at $4,222,000 after purchasing an additional 366,778 shares in the last quarter. Alliancebernstein L.P. increased its stake in shares of Enersis Chile by 7.4% in the 2nd quarter. Alliancebernstein L.P. now owns 4,766,666 shares of the utilities provider’s stock valued at $26,217,000 after purchasing an additional 330,380 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of Enersis Chile by 130.6% in the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 354,672 shares of the utilities provider’s stock valued at $2,128,000 after purchasing an additional 200,872 shares in the last quarter. Finally, Nordea Investment Management AB increased its stake in shares of Enersis Chile by 121.3% in the 3rd quarter. Nordea Investment Management AB now owns 270,954 shares of the utilities provider’s stock valued at $1,626,000 after purchasing an additional 148,542 shares in the last quarter. Hedge funds and other institutional investors own 6.62% of the company’s stock.

About Enersis Chile

Enel Chile SA is a Chile-based electricity utility company. The Company, through its combined entities and affiliates, is engaged in the generation, transmission and distribution of electricity businesses. The Company’s segments include Generation, Distribution, and Other businesses and intercompany transaction adjustments.

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