Brandes Investment Partners LP Has $11.62 Million Stock Holdings in Enel Chile S.A. (NYSE:ENIC)

Brandes Investment Partners LP increased its holdings in shares of Enel Chile S.A. (NYSE:ENIC) by 28.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 3,586,182 shares of the utilities provider’s stock after purchasing an additional 789,016 shares during the period. Brandes Investment Partners LP’s holdings in Enel Chile were worth $11,619,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Envestnet Portfolio Solutions Inc. acquired a new position in Enel Chile in the 3rd quarter valued at approximately $34,000. Blue Trust Inc. raised its holdings in shares of 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 buying an additional 9,174 shares in the last quarter. Balentine LLC acquired a new position in shares of Enel Chile in the 4th quarter worth approximately $68,000. Mutual Advisors LLC acquired a new position in shares of Enel Chile in the 3rd quarter worth approximately $65,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of Enel Chile in the 4th quarter worth approximately $71,000. Institutional investors and hedge funds own 3.20% of the company’s stock.

Enel Chile Price Performance

NYSE ENIC traded up $0.01 during trading hours on Tuesday, reaching $3.16. 145,456 shares of the company’s stock were exchanged, compared to its average volume of 542,440. The stock has a market cap of $4.37 billion, a PE ratio of 6.08 and a beta of 1.16. The company has a current ratio of 0.85, a quick ratio of 0.83 and a debt-to-equity ratio of 0.05. The firm has a fifty day moving average of $3.01 and a 200-day moving average of $3.05. Enel Chile S.A. has a one year low of $2.68 and a one year high of $3.89.

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

Analyst Ratings Changes

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

About Enel Chile

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.