Enel Chile S.A. $ENIC Shares Sold by QRG Capital Management Inc.

QRG Capital Management Inc. trimmed its holdings in Enel Chile S.A. (NYSE:ENIC) by 41.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,376 shares of the utilities provider’s stock after selling 26,028 shares during the quarter. QRG Capital Management Inc.’s holdings in Enel Chile were worth $132,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Helikon Investments Ltd lifted its stake in Enel Chile by 112.9% in the 1st quarter. Helikon Investments Ltd now owns 4,498,563 shares of the utilities provider’s stock worth $14,710,000 after purchasing an additional 2,385,840 shares in the last quarter. Kingstone Capital Partners Texas LLC purchased a new position in Enel Chile in the 2nd quarter worth approximately $10,650,000. Crossmark Global Holdings Inc. purchased a new position in Enel Chile in the 1st quarter worth approximately $6,142,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Enel Chile by 51.8% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 791,481 shares of the utilities provider’s stock worth $2,588,000 after purchasing an additional 270,000 shares in the last quarter. Finally, Candriam S.C.A. purchased a new position in Enel Chile in the 1st quarter worth approximately $2,436,000. 3.20% of the stock is owned by hedge funds and other institutional investors.

Enel Chile Stock Performance

Enel Chile stock opened at $3.75 on Monday. Enel Chile S.A. has a fifty-two week low of $2.62 and a fifty-two week high of $4.05. The firm has a 50 day moving average price of $3.61 and a 200 day moving average price of $3.52. The company has a market capitalization of $5.19 billion, a PE ratio of 34.09 and a beta of 0.95.

Enel Chile (NYSE:ENIC) last posted its earnings results on Tuesday, July 29th. The utilities provider reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.03). Enel Chile had a net margin of 3.50% and a return on equity of 2.53%. The company had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.18 billion. As a group, equities research analysts forecast that Enel Chile S.A. will post 0.45 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Wall Street Zen downgraded shares of Enel Chile from a “buy” rating to a “hold” rating in a report on Saturday, August 2nd. Citigroup downgraded shares of Enel Chile from a “strong-buy” rating to a “hold” rating in a report on Friday, July 18th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Enel Chile in a report on Wednesday, October 8th. Three investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Enel Chile presently has an average rating of “Hold” and an average price target of $3.90.

Enel Chile Company Profile

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.