Enel Chile S.A. (NYSE:ENIC) Receives $4.30 Average Price Target from Analysts

Shares of Enel Chile S.A. (NYSE:ENIC) have earned a consensus rating of “Hold” from the five ratings firms that are currently covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $4.30.

A number of analysts recently commented on the company. Santander downgraded Enel Chile to a “neutral” rating in a research report on Wednesday, January 28th. Weiss Ratings reiterated a “hold (c)” rating on shares of Enel Chile in a research note on Wednesday, January 21st. Morgan Stanley restated an “overweight” rating and set a $4.30 price target on shares of Enel Chile in a research report on Friday, December 12th. Zacks Research raised shares of Enel Chile to a “hold” rating in a research report on Monday, December 15th. Finally, Wall Street Zen raised shares of Enel Chile from a “hold” rating to a “buy” rating in a research report on Sunday, November 30th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in ENIC. Savant Capital LLC bought a new stake in Enel Chile in the 2nd quarter valued at about $37,000. Foster Group Inc. bought a new stake in shares of Enel Chile in the third quarter valued at approximately $42,000. Caprock Group LLC purchased a new stake in shares of Enel Chile during the 3rd quarter valued at approximately $48,000. Envestnet Portfolio Solutions Inc. bought a new position in Enel Chile in the 3rd quarter worth approximately $55,000. Finally, Sowell Financial Services LLC bought a new stake in Enel Chile during the 4th quarter valued at $57,000. Institutional investors own 3.20% of the company’s stock.

Enel Chile Stock Up 0.1%

Shares of ENIC stock opened at $4.35 on Tuesday. Enel Chile has a 52-week low of $2.85 and a 52-week high of $4.51. The company has a 50-day simple moving average of $4.09 and a two-hundred day simple moving average of $3.80.

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.