Enel Chile S.A. (NYSE:ENIC - Get Free Report) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $4.05 and last traded at $3.99, with a volume of 1526531 shares trading hands. The stock had previously closed at $3.96.
Wall Street Analysts Forecast Growth
Separately, StockNews.com raised shares of Enel Chile from a "hold" rating to a "buy" rating in a report on Tuesday, May 6th.
Read Our Latest Analysis on ENIC
Enel Chile Price Performance
The business has a fifty day moving average of $3.36 and a 200-day moving average of $3.10. The stock has a market cap of $5.47 billion, a PE ratio of 6.48 and a beta of 0.90.
Enel Chile (NYSE:ENIC - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The utilities provider reported $0.13 EPS for the quarter, topping the consensus estimate of $0.08 by $0.05. Enel Chile had a net margin of 17.33% and a return on equity of 15.48%. The business had revenue of $1,054.59 billion during the quarter, compared to the consensus estimate of $1,095.67 billion. As a group, equities research analysts predict that Enel Chile S.A. will post 0.45 EPS for the current year.
Enel Chile Cuts Dividend
The firm also recently disclosed a semi-annual dividend, which will be paid on Friday, May 23rd. Stockholders of record on Friday, May 16th will be given a $0.1779 dividend. This represents a dividend yield of 5.8%. The ex-dividend date is Friday, May 16th. Enel Chile's dividend payout ratio (DPR) is presently 157.14%.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Advisors Preferred LLC purchased a new position in Enel Chile during the fourth quarter worth approximately $25,000. Intelligence Driven Advisers LLC purchased a new stake in shares of Enel Chile in the fourth quarter valued at about $31,000. GAMMA Investing LLC increased its position in Enel Chile by 318.6% during the first quarter. GAMMA Investing LLC now owns 9,365 shares of the utilities provider's stock worth $31,000 after purchasing an additional 7,128 shares during the last quarter. Caprock Group LLC acquired a new position in Enel Chile in the 4th quarter valued at about $32,000. Finally, PDS Planning Inc acquired a new stake in shares of Enel Chile during the 1st quarter worth approximately $33,000. Hedge funds and other institutional investors own 3.20% of the company's stock.
About Enel Chile
(
Get Free Report)
Enel Chile SA, an electricity utility company, engages in the generation, transmission, and distribution of electricity in Chile. The company operates through Generation, and Distribution and Networks Segments. It generates electricity through various sources, such as hydroelectric, thermal, wind, solar, and geothermal power plants.
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