Enel Chile S.A. (NYSE:ENIC) Receives $4.65 Consensus PT from Analysts

Enel Chile S.A. (NYSE:ENIC) has received a consensus rating of “Moderate Buy” from the six brokerages that are currently covering the stock, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation, one has given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $4.65.

A number of research firms have recently issued reports on ENIC. Scotiabank upgraded shares of Enel Chile to a “strong-buy” rating in a report on Thursday, April 23rd. Wall Street Zen downgraded shares of Enel Chile from a “strong-buy” rating to a “hold” rating in a research report on Sunday, May 10th. Btg Pactual set a $5.00 price target on shares of Enel Chile in a research note on Friday, May 8th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Enel Chile in a research note on Monday, April 20th.

Enel Chile Price Performance

ENIC stock opened at $4.41 on Friday. The stock has a market capitalization of $6.09 billion, a P/E ratio of 11.30 and a beta of 1.02. Enel Chile has a fifty-two week low of $3.10 and a fifty-two week high of $4.74. The business has a 50-day moving average of $4.40 and a 200-day moving average of $4.25.

Enel Chile (NYSE:ENIC) last announced its earnings results on Tuesday, March 31st. The utilities provider reported $0.12 earnings per share (EPS) for the quarter. Enel Chile had a return on equity of 9.50% and a net margin of 11.04%.The business had revenue of $1.20 billion for the quarter. Equities analysts expect that Enel Chile will post 0.46 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of ENIC. Eastern Bank bought a new stake in shares of Enel Chile during the 2nd quarter worth approximately $33,000. Arax Advisory Partners grew its stake in shares of Enel Chile by 320.4% in the fourth quarter. Arax Advisory Partners now owns 7,652 shares of the utilities provider’s stock valued at $31,000 after buying an additional 5,832 shares in the last quarter. Cibc World Market Inc. acquired a new position in Enel Chile during the fourth quarter worth $40,000. Allspring Global Investments Holdings LLC bought a new stake in Enel Chile during the first quarter worth $41,000. Finally, MML Investors Services LLC acquired a new stake in Enel Chile in the fourth quarter valued at $43,000. 3.20% of the stock is currently owned by institutional investors.

About Enel Chile

Enel Chile SA, traded as ENIC on the NYSE, is one of Chile’s leading integrated electric utilities, with core businesses spanning electricity generation, transmission and distribution. The company serves a diverse customer base that includes residential, commercial and industrial users, striving to deliver reliable power across both urban and rural regions.

In its generation segment, Enel Chile operates a balanced portfolio of assets, including hydroelectric plants, thermal power stations and an expanding suite of renewable energy facilities such as wind and solar farms.