Enel Chile (NYSE:ENIC) Raised to Hold at Zacks Research

Enel Chile (NYSE:ENIC) was upgraded by analysts at Zacks Research to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.

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

Enel Chile Stock Performance

ENIC stock opened at $3.93 on Monday. Enel Chile has a twelve month low of $2.73 and a twelve month high of $4.05. The business has a fifty day moving average of $3.83 and a 200-day moving average of $3.64.

Enel Chile (NYSE:ENIC) last announced its quarterly earnings data on Wednesday, October 29th. The utilities provider reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.03). The company had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.16 billion. Enel Chile had a return on equity of 1.23% and a net margin of 1.75%. On average, research analysts expect that Enel Chile will post 0.45 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Qube Research & Technologies Ltd increased its position in shares of Enel Chile by 14.6% during the 3rd quarter. Qube Research & Technologies Ltd now owns 72,394 shares of the utilities provider’s stock worth $282,000 after purchasing an additional 9,203 shares during the last quarter. Laird Norton Wetherby Wealth Management LLC increased its holdings in Enel Chile by 38.5% during the third quarter. Laird Norton Wetherby Wealth Management LLC now owns 178,268 shares of the utilities provider’s stock worth $693,000 after buying an additional 49,535 shares during the last quarter. Centiva Capital LP acquired a new stake in Enel Chile in the 3rd quarter valued at about $97,000. Creative Planning increased its position in Enel Chile by 13.4% during the third quarter. Creative Planning now owns 250,464 shares of the utilities provider’s stock worth $974,000 after buying an additional 29,621 shares during the last quarter. Finally, Qtron Investments LLC raised its stake in Enel Chile by 29.4% in the third quarter. Qtron Investments LLC now owns 171,265 shares of the utilities provider’s stock valued at $666,000 after buying an additional 38,861 shares during the period. 3.20% of the stock is owned by institutional investors and hedge funds.

About Enel Chile

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.