Enel Chile (NYSE:ENIC) Hits New 52-Week High After Analyst Upgrade

by · The Cerbat Gem

Shares of Enel Chile S.A. (NYSE:ENIC – Get Free Report) reached a new 52-week high on Monday after Zacks Research upgraded the stock to a hold rating. The company traded as high as $4.05 and last traded at $3.9350, with a volume of 325660 shares. The stock had previously closed at $4.01.

ENIC has been the topic of a number of other reports. Morgan Stanley restated an “overweight” rating and set a $4.30 price target on shares of Enel Chile in a research report on Friday, December 12th. Wall Street Zen raised Enel Chile from a “hold” rating to a “buy” rating in a report on Sunday, November 30th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Enel Chile in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $4.30.

Read Our Latest Report on Enel Chile

Institutional Investors Weigh In On Enel Chile

A number of institutional investors and hedge funds have recently modified their holdings of ENIC. Savant Capital LLC bought a new stake in shares of Enel Chile during the 2nd quarter worth $37,000. Jump Financial LLC acquired a new position in shares of Enel Chile in the 1st quarter valued at $34,000. Foster Group Inc. purchased a new position in Enel Chile in the 3rd quarter worth about $42,000. Caprock Group LLC purchased a new position in Enel Chile in the 3rd quarter worth about $48,000. Finally, Envestnet Portfolio Solutions Inc. purchased a new stake in Enel Chile during the third quarter valued at about $55,000. Institutional investors and hedge funds own 3.20% of the company’s stock.

Enel Chile Stock Down 1.4%

The firm’s fifty day simple moving average is $3.83 and its 200 day simple moving average is $3.64.

Enel Chile (NYSE:ENIC – Get Free Report) last issued its quarterly earnings results on Wednesday, October 29th. The utilities provider reported $0.08 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.03). Enel Chile had a net margin of 1.75% and a return on equity of 1.23%. The firm had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.16 billion. Sell-side analysts predict that Enel Chile S.A. will post 0.45 EPS for the current year.

About Enel Chile

(Get Free Report)

Enel Chile SA, an electricity utility company, engages in the generation, transmission, and distribution of electricity in Chile. The company operates through Generation, and Distribution and Networks Segments. It generates electricity through various sources, such as hydroelectric, thermal, wind, solar, and geothermal power plants.

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