Enel Chile (NYSE:ENIC) Downgraded to Sector Perform Rating by Scotiabank

Scotiabank cut shares of Enel Chile (NYSE:ENIC) from a sector outperform rating to a sector perform rating in a research report released on Friday morning, MarketBeat reports. They currently have $3.90 target price on the utilities provider’s stock.

Separately, StockNews.com raised shares of Enel Chile from a “hold” rating to a “buy” rating in a report on Friday, August 9th.

Enel Chile Trading Up 0.4 %

ENIC opened at $2.71 on Friday. The firm has a market capitalization of $3.75 billion, a PE ratio of 4.41 and a beta of 1.16. The firm has a 50 day moving average of $2.74 and a two-hundred day moving average of $2.80. Enel Chile has a 12-month low of $2.51 and a 12-month high of $3.53.

Institutional Investors Weigh In On Enel Chile

Several institutional investors have recently bought and sold shares of the company. Wealthstream Advisors Inc. purchased a new position in shares of Enel Chile in the second quarter valued at approximately $29,000. Cubist Systematic Strategies LLC lifted its position in Enel Chile by 1,114,700.0% during the second quarter. Cubist Systematic Strategies LLC now owns 11,148 shares of the utilities provider’s stock worth $31,000 after buying an additional 11,147 shares in the last quarter. Savvy Advisors Inc. acquired a new stake in shares of Enel Chile in the 3rd quarter worth $52,000. Townsquare Capital LLC acquired a new position in Enel Chile in the 3rd quarter valued at about $65,000. Finally, International Assets Investment Management LLC lifted its holdings in Enel Chile by 179.0% in the third quarter. International Assets Investment Management LLC now owns 33,832 shares of the utilities provider’s stock valued at $94,000 after acquiring an additional 21,706 shares during the last quarter. 3.20% of the stock is currently owned by institutional investors and hedge funds.

Enel Chile Company Profile

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.