First Trust Direct Indexing L.P. Has $648,000 Stock Position in Enel Chile S.A. (NYSE:ENIC)

First Trust Direct Indexing L.P. lessened its holdings in shares of Enel Chile S.A. (NYSE:ENIC) by 23.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 200,111 shares of the utilities provider’s stock after selling 61,420 shares during the quarter. First Trust Direct Indexing L.P.’s holdings in Enel Chile were worth $648,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Victory Capital Management Inc. acquired a new position in Enel Chile in the 4th quarter valued at approximately $197,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Enel Chile by 23.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 397,485 shares of the utilities provider’s stock worth $1,288,000 after acquiring an additional 74,266 shares during the last quarter. Cerity Partners LLC raised its holdings in shares of Enel Chile by 13.6% during the fourth quarter. Cerity Partners LLC now owns 97,660 shares of the utilities provider’s stock worth $316,000 after acquiring an additional 11,670 shares in the last quarter. Advisors Preferred LLC purchased a new position in Enel Chile in the fourth quarter valued at about $147,000. Finally, Blue Trust Inc. increased its position in Enel Chile by 131.9% in the 4th quarter. Blue Trust Inc. now owns 16,129 shares of the utilities provider’s stock worth $48,000 after purchasing an additional 9,174 shares during the last quarter. Institutional investors and hedge funds own 3.20% of the company’s stock.

Enel Chile Price Performance

Shares of NYSE:ENIC opened at $2.92 on Friday. The stock has a market capitalization of $4.04 billion, a P/E ratio of 5.62 and a beta of 1.16. The business has a 50-day moving average of $2.97 and a two-hundred day moving average of $3.03. Enel Chile S.A. has a fifty-two week low of $2.68 and a fifty-two week high of $3.89.

Enel Chile (NYSE:ENIC) last announced its quarterly earnings results on Thursday, February 29th. The utilities provider reported $0.29 EPS for the quarter. Enel Chile had a return on equity of 51.15% and a net margin of 15.66%. The company had revenue of $1.15 billion for the quarter.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Enel Chile from a “buy” rating to a “hold” rating in a research report on Saturday, February 17th.

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.