Enersis Chile S.A. (NYSE:ENIC) was downgraded by stock analysts at Goldman Sachs Group, Inc. (The) from a “neutral” rating to a “sell” rating in a report released on Tuesday.

Shares of Enersis Chile (ENIC) traded down 0.16% during mid-day trading on Tuesday, hitting $6.18. 4,211 shares of the stock were exchanged. Enersis Chile has a 12 month low of $4.25 and a 12 month high of $6.21. The stock has a market cap of $6.07 billion, a price-to-earnings ratio of 8.24 and a beta of -0.46. The company has a 50-day moving average price of $5.95 and a 200-day moving average price of $5.95.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in ENIC. Global X Management Co. LLC grew its holdings in shares of Enersis Chile by 1.0% during the 2nd quarter. Global X Management Co. LLC now owns 19,118 shares of the utilities provider’s stock worth $105,000 after purchasing an additional 192 shares during the period. Eqis Capital Management Inc. purchased a new position in shares of Enersis Chile during the 3rd quarter worth $126,000. Royal Bank of Canada purchased a new position in shares of Enersis Chile during the 2nd quarter worth $127,000. Greenleaf Trust grew its holdings in shares of Enersis Chile by 98.7% during the 2nd quarter. Greenleaf Trust now owns 23,241 shares of the utilities provider’s stock worth $128,000 after purchasing an additional 11,545 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp grew its holdings in shares of Enersis Chile by 9.1% during the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 30,261 shares of the utilities provider’s stock worth $166,000 after purchasing an additional 2,520 shares during the period. Institutional investors and hedge funds own 6.64% of the company’s stock.

Enersis Chile Company Profile

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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