Enel Chile S.A. (NYSE:ENIC) Stock Has Average Price Target of $4.65

Key Points

• Analysts have a “Moderate Buy” consensus on Enel Chile, with one buy, one strong buy and four hold ratings. The average 12-month price target is $4.65, above the reported opening price of $4.17.
• Enel Chile reported quarterly EPS of $0.08 on $1.07 billion in revenue, with a 12.30% net margin and 10.20% return on equity. Analysts expect full-year EPS of $0.47.
• Several institutional investors increased or initiated positions in the second quarter, though institutional ownership remains relatively low at 3.20% of outstanding shares.

Enel Chile S.A. (NYSE:ENIC - Get Free Report) has received a consensus rating of "Moderate Buy" from the six research firms that are covering the company, Marketbeat reports. Four 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 target price among brokers that have issued ratings on the stock in the last year is $4.65.

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

Enel Chile Stock Performance

ENIC stock opened at $4.17 on Friday. Enel Chile has a one year low of $3.62 and a one year high of $4.74. The firm has a market cap of $5.78 billion, a price-to-earnings ratio of 9.94 and a beta of 1.02. The firm has a 50-day simple moving average of $4.40 and a two-hundred day simple moving average of $4.36.

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

Institutional Investors Weigh In On Enel Chile

Hedge funds have recently bought and sold shares of the stock. QRG Capital Management Inc. boosted its holdings in Enel Chile by 12.1% in the second quarter. QRG Capital Management Inc. now owns 38,367 shares of the utilities provider's stock valued at $173,000 after purchasing an additional 4,128 shares in the last quarter. Sequoia Financial Advisors LLC boosted its stake in Enel Chile by 48.8% in the second quarter. Sequoia Financial Advisors LLC now owns 89,652 shares of the utilities provider's stock valued at $403,000 after acquiring an additional 29,405 shares in the last quarter. Raiffeisen Bank International AG grew its holdings in shares of Enel Chile by 14.5% during the second quarter. Raiffeisen Bank International AG now owns 523,800 shares of the utilities provider's stock worth $2,326,000 after purchasing an additional 66,300 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of Enel Chile in the 2nd quarter valued at about $886,000. Finally, OneAscent Investment Solutions LLC acquired a new stake in shares of Enel Chile in the second quarter valued at approximately $65,000. Institutional investors and hedge funds own 3.20% of the company's stock.

About Enel Chile

Enel Chile SA is an electric utility company that operates across the Chilean energy sector. The company is part of the Enel Group and is headquartered in Santiago, Chile. Its American depositary receipts trade on the New York Stock Exchange under the symbol ENIC.

Enel Chile's activities include electricity generation, transmission-related operations and power distribution. Its generation portfolio includes renewable and conventional technologies, such as hydroelectric, solar, wind and thermal power.

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