Enel Chile S.A. (NYSE:ENIC) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Enel Chile S.A. (NYSE:ENIC) have been given an average recommendation of “Moderate Buy” by the six brokerages that are covering the stock, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $4.65.

ENIC has been the topic of a number of research analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Enel Chile in a report on Monday, April 20th. Btg Pactual set a $5.00 target price on shares of Enel Chile in a report on Friday, May 8th. Scotiabank upgraded shares of Enel Chile to a “strong-buy” rating in a report on Thursday, April 23rd. Finally, Wall Street Zen cut shares of Enel Chile from a “strong-buy” rating to a “hold” rating in a report on Sunday, May 10th.

Hedge Funds Weigh In On Enel Chile

Several large investors have recently made changes to their positions in the business. Bank of America Corp DE lifted its holdings in shares of Enel Chile by 872.6% during the first quarter. Bank of America Corp DE now owns 117,225 shares of the utilities provider’s stock valued at $462,000 after purchasing an additional 105,172 shares during the last quarter. Amundi bought a new position in shares of Enel Chile during the first quarter valued at $443,000. Royal Bank of Canada increased its holdings in shares of Enel Chile by 12.0% during the first quarter. Royal Bank of Canada now owns 654,043 shares of the utilities provider’s stock valued at $2,577,000 after acquiring an additional 70,000 shares in the last quarter. Public Employees Retirement System of Ohio increased its holdings in shares of Enel Chile by 13.2% during the first quarter. Public Employees Retirement System of Ohio now owns 177,103 shares of the utilities provider’s stock valued at $698,000 after acquiring an additional 20,625 shares in the last quarter. Finally, First Trust Advisors LP increased its holdings in shares of Enel Chile by 46.0% during the first quarter. First Trust Advisors LP now owns 25,835 shares of the utilities provider’s stock valued at $102,000 after acquiring an additional 8,139 shares in the last quarter. 3.20% of the stock is currently owned by hedge funds and other institutional investors.

Enel Chile Trading Down 0.6%

Shares of NYSE ENIC opened at $4.15 on Monday. Enel Chile has a 12 month low of $3.10 and a 12 month high of $4.74. The firm has a fifty day simple moving average of $4.32 and a two-hundred day simple moving average of $4.17. The firm has a market capitalization of $5.73 billion, a PE ratio of 10.63 and a beta of 1.03.

Enel Chile (NYSE:ENIC) last posted its earnings results on Tuesday, March 31st. The utilities provider reported $0.12 earnings per share for the quarter. Enel Chile had a return on equity of 9.50% and a net margin of 11.04%.The firm had revenue of $1.20 billion for the quarter. On average, sell-side analysts predict that Enel Chile will post 0.46 earnings per share for the current year.

Enel Chile Company Profile

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.