Enel Chile S.A. (NYSE:ENIC) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Enel Chile S.A. (NYSE:ENIC) have been assigned an average rating of “Moderate Buy” from the six research firms that are covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $4.65.

ENIC has been the topic of a number of recent research reports. Weiss Ratings restated a “hold (c)” rating on shares of Enel Chile in a research note on Friday, July 17th. Itau BBA Securities lowered shares of Enel Chile to a “market perform” rating in a research report on Friday, July 10th.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in ENIC. Banco BTG Pactual S.A. bought a new stake in Enel Chile during the fourth quarter worth approximately $2,774,000. Wellington Management Group LLP lifted its position in Enel Chile by 48.4% during the 4th quarter. Wellington Management Group LLP now owns 2,042,904 shares of the utilities provider’s stock worth $8,212,000 after acquiring an additional 666,544 shares during the last quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new stake in Enel Chile during the fourth quarter valued at about $2,629,000. Jump Financial LLC boosted its stake in Enel Chile by 5,592.9% during the 2nd quarter. Jump Financial LLC now owns 584,202 shares of the utilities provider’s stock valued at $2,121,000 after purchasing an additional 573,940 shares during the period. Finally, Schroder Investment Management Group acquired a new stake in Enel Chile in the 3rd quarter valued at approximately $1,408,000. Institutional investors and hedge funds own 3.20% of the company’s stock.

Enel Chile Stock Up 3.1%

ENIC opened at $4.59 on Wednesday. The firm has a market capitalization of $6.34 billion, a P/E ratio of 10.92 and a beta of 1.04. Enel Chile has a 12-month low of $3.59 and a 12-month high of $4.74. The stock has a fifty day moving average of $4.44 and a 200-day moving average of $4.33.

Enel Chile (NYSE:ENIC) last released its earnings results on Tuesday, June 30th. The utilities provider reported $0.08 earnings per share for the quarter. Enel Chile had a return on equity of 10.20% and a net margin of 12.30%.The company had revenue of $1.07 billion for the quarter. On average, analysts expect that Enel Chile will post 0.47 earnings per share for the current fiscal year.

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.