Enel Chile (NYSE:ENIC) Hits New 12-Month High – Still a Buy?

Enel Chile S.A. (NYSE:ENIC)’s stock price reached a new 52-week high on Saturday . The stock traded as high as $4.42 and last traded at $4.3850, with a volume of 400707 shares. The stock had previously closed at $4.37.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Enel Chile in a report on Wednesday. Wall Street Zen upgraded Enel Chile from a “hold” rating to a “buy” rating in a report on Sunday, November 30th. Morgan Stanley restated an “overweight” rating and issued a $4.30 price objective on shares of Enel Chile in a research note on Friday, December 12th. Finally, Zacks Research upgraded Enel Chile to a “hold” rating in a research note on Monday, December 15th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $4.30.

Enel Chile Stock Performance

The stock has a market capitalization of $6.07 billion, a price-to-earnings ratio of 73.10 and a beta of 0.97. The business has a fifty day simple moving average of $4.01 and a 200 day simple moving average of $3.75.

Enel Chile (NYSE:ENIC) last released its quarterly earnings results on Wednesday, October 29th. The utilities provider reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.03). The business had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.16 billion. Enel Chile had a net margin of 1.75% and a return on equity of 1.23%. On average, sell-side analysts forecast that Enel Chile S.A. will post 0.45 earnings per share for the current fiscal year.

Institutional Trading of Enel Chile

Several institutional investors and hedge funds have recently modified their holdings of ENIC. Savant Capital LLC acquired a new position in Enel Chile during the 2nd quarter worth approximately $37,000. Foster Group Inc. bought a new stake in shares of Enel Chile during the third quarter worth $42,000. Caprock Group LLC acquired a new position in shares of Enel Chile during the third quarter worth $48,000. Envestnet Portfolio Solutions Inc. bought a new position in shares of Enel Chile in the 3rd quarter valued at $55,000. Finally, Sowell Financial Services LLC bought a new stake in Enel Chile during the 4th quarter worth $57,000. 3.20% of the stock is currently owned by institutional investors.

Enel Chile Company Profile

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.