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

by · The Markets Daily

Wall Street Zen upgraded shares of Enel Chile (NYSE:ENIC – Free Report) from a hold rating to a buy rating in a research note released on Sunday.

ENIC has been the subject of a number of other reports. Santander lowered Enel Chile to a “neutral” rating in a research note on Wednesday, January 28th. Morgan Stanley reissued an “overweight” rating and set a $4.30 price objective on shares of Enel Chile in a report on Friday, December 12th. Zacks Research upgraded shares of Enel Chile to a “hold” rating in a research report on Monday, December 15th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Enel Chile in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $4.30.

Check Out Our Latest Analysis on ENIC

Enel Chile Stock Up 0.1%

Shares of Enel Chile stock opened at $3.95 on Friday. Enel Chile has a 1-year low of $2.85 and a 1-year high of $4.51. The firm’s 50-day moving average price is $4.22 and its two-hundred day moving average price is $3.96.

Enel Chile (NYSE:ENIC – Get Free Report) last released its quarterly earnings results on Tuesday, March 3rd. The utilities provider reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01). Enel Chile had a return on equity of 9.81% and a net margin of 11.53%.The business had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $1.21 million. Research analysts anticipate that Enel Chile will post 0.45 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in ENIC. Caitong International Asset Management Co. Ltd grew its position in shares of Enel Chile by 41,168.6% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 28,888 shares of the utilities provider’s stock worth $116,000 after buying an additional 28,818 shares during the period. TMB Capital Partners LLC acquired a new position in Enel Chile in the fourth quarter valued at approximately $49,000. XTX Topco Ltd bought a new position in Enel Chile in the fourth quarter valued at approximately $103,000. Wellington Management Group LLP grew its holdings in Enel Chile by 48.4% during the 4th quarter. Wellington Management Group LLP now owns 2,042,904 shares of the utilities provider’s stock worth $8,212,000 after acquiring an additional 666,544 shares during the period. Finally, Schonfeld Strategic Advisors LLC acquired a new position in shares of Enel Chile in the 4th quarter valued at $51,000. 3.20% of the stock is currently owned by institutional investors and hedge funds.

About Enel Chile

(Get Free Report)

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.

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