Renaissance Technologies LLC Boosts Stake in Enel Chile S.A. (NYSE:ENIC)

Renaissance Technologies LLC increased its stake in shares of Enel Chile S.A. (NYSE:ENIC) by 1.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 2,512,771 shares of the utilities provider’s stock after acquiring an additional 38,783 shares during the period. Renaissance Technologies LLC’s holdings in Enel Chile were worth $7,237,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Schechter Investment Advisors LLC grew its holdings in Enel Chile by 2.1% during the 4th quarter. Schechter Investment Advisors LLC now owns 165,911 shares of the utilities provider’s stock valued at $478,000 after buying an additional 3,435 shares during the last quarter. Inspire Advisors LLC boosted its stake in shares of Enel Chile by 6.9% during the fourth quarter. Inspire Advisors LLC now owns 58,414 shares of the utilities provider’s stock valued at $168,000 after acquiring an additional 3,792 shares during the last quarter. O Shaughnessy Asset Management LLC raised its stake in Enel Chile by 36.6% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 14,270 shares of the utilities provider’s stock valued at $41,000 after purchasing an additional 3,827 shares during the last quarter. Signaturefd LLC lifted its holdings in Enel Chile by 12.6% in the 4th quarter. Signaturefd LLC now owns 37,152 shares of the utilities provider’s stock valued at $107,000 after purchasing an additional 4,146 shares in the last quarter. Finally, Corient Private Wealth LLC grew its holdings in shares of Enel Chile by 5.9% during the fourth quarter. Corient Private Wealth LLC now owns 79,112 shares of the utilities provider’s stock worth $228,000 after buying an additional 4,418 shares in the last quarter. Institutional investors and hedge funds own 3.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Enel Chile from a “buy” rating to a “hold” rating in a report on Monday, March 3rd.

Enel Chile Stock Up 0.5 %

NYSE:ENIC opened at $3.22 on Friday. Enel Chile S.A. has a fifty-two week low of $2.51 and a fifty-two week high of $3.50. The firm’s 50 day moving average is $3.30 and its two-hundred day moving average is $3.00. The company has a market cap of $4.45 billion, a P/E ratio of 5.27 and a beta of 0.99.

Enel Chile 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.