Enel Chile S.A. (NYSE:ENIC) Given Average Recommendation of "Moderate Buy" by Analysts

Key Points

• Analysts rate Enel Chile “Moderate Buy”, based on six ratings: four holds, one buy and one strong buy. The average 12-month price target is $4.65, slightly above the stock’s $4.59 opening price.
• ENIC shares were up 3.1%, with a market capitalization of $6.34 billion and a 52-week trading range of $3.59 to $4.74. The company reported quarterly EPS of $0.08 on $1.07 billion in revenue.
• Several institutional investors increased their positions in Enel Chile during the fourth quarter, including Wellington Management, which boosted its stake by 48.4%; institutional investors collectively own 3.2% of the company.

Shares of Enel Chile S.A. (NYSE:ENIC - Get Free Report) have received an average rating of "Moderate Buy" from the six brokerages that are presently covering the firm, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $4.65.

A number of brokerages recently issued reports on ENIC. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Enel Chile in a report on Friday, July 17th. Itau BBA Securities downgraded Enel Chile to a "market perform" rating in a report on Friday, July 10th.

Enel Chile Stock Up 3.1%

Shares of NYSE ENIC opened at $4.59 on Wednesday. The company's 50-day simple moving average is $4.44 and its 200-day simple moving average is $4.33. The firm has a market cap of $6.34 billion, a price-to-earnings ratio of 10.92 and a beta of 1.04. Enel Chile has a 52-week low of $3.59 and a 52-week high of $4.74.

Enel Chile (NYSE:ENIC - Get Free Report) last posted its quarterly earnings results on Tuesday, June 30th. The utilities provider reported $0.08 EPS for the quarter. Enel Chile had a return on equity of 10.20% and a net margin of 12.30%.The business had revenue of $1.07 billion for the quarter. Equities research analysts anticipate that Enel Chile will post 0.47 EPS for the current fiscal year.

Institutional Investors Weigh In On Enel Chile

A number of institutional investors and hedge funds have recently bought and sold shares of ENIC. Brandes Investment Partners LP increased its stake in shares of Enel Chile by 2.3% during the 4th quarter. Brandes Investment Partners LP now owns 5,270,748 shares of the utilities provider's stock valued at $21,188,000 after acquiring an additional 120,905 shares during the last quarter. State Street Corp boosted its stake in shares of Enel Chile by 3.0% during the 4th quarter. State Street Corp now owns 4,253,843 shares of the utilities provider's stock valued at $17,100,000 after buying an additional 123,393 shares during the last quarter. Renaissance Technologies LLC increased its holdings in Enel Chile by 5.5% in the fourth quarter. Renaissance Technologies LLC now owns 3,062,688 shares of the utilities provider's stock valued at $12,312,000 after buying an additional 160,300 shares during the last quarter. Wellington Management Group LLP increased its stake in Enel Chile by 48.4% during the fourth quarter. Wellington Management Group LLP now owns 2,042,904 shares of the utilities provider's stock valued at $8,212,000 after purchasing an additional 666,544 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in shares of Enel Chile by 4.6% in the 4th quarter. Wells Fargo & Company MN now owns 957,353 shares of the utilities provider's stock worth $3,849,000 after purchasing an additional 41,839 shares during the last quarter. Hedge funds and other institutional investors own 3.20% of the company's stock.

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.

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