Separately, Zacks Investment Research upgraded shares of Enel Americas from a sell rating to a hold rating in a research report on Monday, July 29th.
Shares of ENIA stock traded down $0.12 during midday trading on Thursday, reaching $9.77. 1,360,508 shares of the company were exchanged, compared to its average volume of 1,275,049. Enel Americas has a 12 month low of $7.59 and a 12 month high of $10.52. The company has a market cap of $10.57 billion, a P/E ratio of 9.30 and a beta of 0.58. The company’s 50 day moving average price is $9.55 and its two-hundred day moving average price is $8.63.
Enel Americas (NYSE:ENIA) last released its quarterly earnings results on Wednesday, August 28th. The utilities provider reported $0.30 EPS for the quarter. Enel Americas had a net margin of 9.28% and a return on equity of 14.78%. The company had revenue of $3.64 billion for the quarter.
Hedge funds have recently added to or reduced their stakes in the business. Pictet Asset Management Ltd. raised its holdings in shares of Enel Americas by 2.8% in the 2nd quarter. Pictet Asset Management Ltd. now owns 473,928 shares of the utilities provider’s stock worth $83,000 after purchasing an additional 12,956 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of Enel Americas by 834.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 9,349 shares of the utilities provider’s stock worth $83,000 after purchasing an additional 8,349 shares in the last quarter. Fox Run Management L.L.C. bought a new stake in shares of Enel Americas in the 2nd quarter worth approximately $119,000. Fulton Bank N.A. raised its holdings in shares of Enel Americas by 30.6% in the 2nd quarter. Fulton Bank N.A. now owns 13,445 shares of the utilities provider’s stock worth $120,000 after purchasing an additional 3,153 shares in the last quarter. Finally, LPL Financial LLC bought a new stake in shares of Enel Americas in the 2nd quarter worth approximately $130,000. Institutional investors own 7.66% of the company’s stock.
About Enel Americas
Enel Américas SA operates as an electricity utility company in Argentina, Brazil, Colombia, and Peru. The company, through its subsidiaries, generates, transmits, and distributes electricity using hydroelectric and thermal energy sources. As of December 31, 2017, it had 11,444 megawatts of installed generation capacity and 17.2 million distribution customers.
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