Renaissance Technologies LLC Sells 374,400 Shares of Enel Chile S.A. $ENIC

Renaissance Technologies LLC lowered its holdings in Enel Chile S.A. (NYSE:ENIC) by 12.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,688,288 shares of the utilities provider’s stock after selling 374,400 shares during the quarter. Renaissance Technologies LLC’s holdings in Enel Chile were worth $10,592,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the business. Arax Advisory Partners boosted its holdings in shares of Enel Chile by 320.4% during the 4th quarter. Arax Advisory Partners now owns 7,652 shares of the utilities provider’s stock valued at $31,000 after acquiring an additional 5,832 shares during the last quarter. Cibc World Market Inc. bought a new position in Enel Chile during the fourth quarter valued at approximately $40,000. Allspring Global Investments Holdings LLC purchased a new stake in Enel Chile in the first quarter worth approximately $41,000. MML Investors Services LLC bought a new stake in Enel Chile in the 4th quarter worth approximately $43,000. Finally, Sanctuary Advisors LLC purchased a new stake in Enel Chile during the 1st quarter valued at $43,000. 3.20% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

ENIC has been the subject of several research analyst reports. Scotiabank raised Enel Chile to a “strong-buy” rating in a report on Thursday, April 23rd. Itau BBA Securities cut Enel Chile to a “market perform” rating in a research report on Friday, July 10th. Wall Street Zen lowered shares of Enel Chile from a “strong-buy” rating to a “hold” rating in a research report on Sunday, May 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of Enel Chile in a research note on Friday, July 17th. Finally, Btg Pactual set a $5.00 target price on shares of Enel Chile in a research report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $4.65.

Enel Chile Stock Performance

NYSE ENIC opened at $4.45 on Friday. The business’s fifty day moving average is $4.39 and its 200 day moving average is $4.30. Enel Chile S.A. has a fifty-two week low of $3.12 and a fifty-two week high of $4.74. The company has a market capitalization of $6.16 billion, a PE ratio of 11.42 and a beta of 1.02.

Enel Chile (NYSE:ENIC) last issued its quarterly earnings results on Tuesday, June 30th. The utilities provider reported $0.08 EPS for the quarter. Enel Chile had a return on equity of 10.20% and a net margin of 12.10%.The business had revenue of $1.07 billion during the quarter. On average, sell-side analysts forecast that Enel Chile S.A. will post 0.46 EPS for the current year.

About Enel Chile

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.