Enel Chile S.A. (NYSE:ENIC) Stock Has Consensus Target Price of $4.65

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

Several equities analysts have commented on ENIC shares. Itau BBA Securities lowered Enel Chile to a “market perform” rating in a research report on Friday, July 10th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Enel Chile in a research report on Friday, July 17th.

Enel Chile Stock Up 1.5%

ENIC opened at $4.46 on Friday. Enel Chile has a 52 week low of $3.62 and a 52 week high of $4.74. The stock has a market cap of $6.18 billion, a PE ratio of 10.63 and a beta of 1.02. The business has a 50 day moving average of $4.40 and a 200-day moving average of $4.37.

Enel Chile (NYSE:ENIC) last issued its quarterly earnings results on Tuesday, June 30th. The utilities provider reported $0.08 earnings per share for the quarter. The company had revenue of $1.07 billion for the quarter. Enel Chile had a return on equity of 10.20% and a net margin of 12.30%. Equities analysts anticipate that Enel Chile will post 0.47 EPS for the current year.

Institutional Investors Weigh In On Enel Chile

Hedge funds have recently bought and sold shares of the business. Eastern Bank purchased a new stake in Enel Chile in the second quarter worth about $33,000. Allspring Global Investments Holdings LLC purchased a new position in shares of Enel Chile during the first quarter valued at approximately $41,000. Sanctuary Advisors LLC purchased a new position in shares of Enel Chile during the first quarter valued at approximately $43,000. SmartHarvest Portfolios LLC purchased a new position in shares of Enel Chile during the first quarter valued at approximately $43,000. Finally, OneAscent Investment Solutions LLC bought a new stake in shares of Enel Chile in the 2nd quarter worth approximately $65,000. Institutional investors own 3.20% of the company’s stock.

Enel Chile Company Profile

Enel Chile SA is an electric utility company that operates across the Chilean energy sector. The company is part of the Enel Group and is headquartered in Santiago, Chile. Its American depositary receipts trade on the New York Stock Exchange under the symbol ENIC.

Enel Chile’s activities include electricity generation, transmission-related operations and power distribution. Its generation portfolio includes renewable and conventional technologies, such as hydroelectric, solar, wind and thermal power.