Enel Chile (NYSE:ENIC) Raised to "Strong-Buy" at Wall Street Zen

Key Points

• Enel Chile (NYSE:ENIC) was upgraded by Wall Street Zen from "buy" to “strong-buy”, and Scotiabank also gave a strong-buy — yet the consensus rating remains a Moderate Buy with a $4.30 consensus target price.
• In the most recent quarter Enel Chile reported $0.12 EPS on $1.20 billion in revenue, with an 11.04% net margin and 9.60% return on equity; analysts project full-year EPS of about $0.46.
• The stock opened at $4.47, has a market cap of $6.18 billion and a P/E of 11.45, 50/200-day SMAs of $4.17/$4.08, a one-year range of $3.10–$4.63, and roughly 3.2% institutional ownership.

Enel Chile (NYSE:ENIC - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a note issued to investors on Saturday.

A number of other research analysts have also recently weighed in on ENIC. Weiss Ratings restated a "hold (c)" rating on shares of Enel Chile in a report on Monday, April 20th. Santander lowered shares of Enel Chile to a "neutral" rating in a report on Wednesday, January 28th. Finally, Scotiabank upgraded shares of Enel Chile to a "strong-buy" rating in a report on Thursday, April 23rd. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $4.30.

Enel Chile Stock Performance

Enel Chile stock opened at $4.47 on Friday. The company's 50 day simple moving average is $4.17 and its 200-day simple moving average is $4.08. The company has a market capitalization of $6.18 billion, a price-to-earnings ratio of 11.45 and a beta of 1.06. Enel Chile has a 1 year low of $3.10 and a 1 year high of $4.63.

Enel Chile (NYSE:ENIC - Get Free Report) last released its quarterly earnings results on Tuesday, March 31st. The utilities provider reported $0.12 earnings per share (EPS) for the quarter. The business had revenue of $1.20 billion for the quarter. Enel Chile had a net margin of 11.04% and a return on equity of 9.60%. Equities analysts expect that Enel Chile will post 0.46 earnings per share for the current year.

Institutional Investors Weigh In On Enel Chile

A number of hedge funds have recently added to or reduced their stakes in the business. Envestnet Portfolio Solutions Inc. lifted its holdings in Enel Chile by 20.0% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 17,031 shares of the utilities provider's stock worth $68,000 after buying an additional 2,840 shares in the last quarter. First Trust Advisors LP raised its holdings in shares of Enel Chile by 21.1% in the 4th quarter. First Trust Advisors LP now owns 17,696 shares of the utilities provider's stock valued at $71,000 after purchasing an additional 3,086 shares in the last quarter. Truist Financial Corp raised its holdings in shares of Enel Chile by 25.2% in the 3rd quarter. Truist Financial Corp now owns 16,684 shares of the utilities provider's stock valued at $65,000 after purchasing an additional 3,357 shares in the last quarter. Hantz Financial Services Inc. raised its holdings in shares of Enel Chile by 1.3% in the 3rd quarter. Hantz Financial Services Inc. now owns 287,814 shares of the utilities provider's stock valued at $1,120,000 after purchasing an additional 3,744 shares in the last quarter. Finally, Wealthstream Advisors Inc. raised its holdings in shares of Enel Chile by 24.4% in the 3rd quarter. Wealthstream Advisors Inc. now owns 19,583 shares of the utilities provider's stock valued at $76,000 after purchasing an additional 3,835 shares in the last quarter. 3.20% of the stock is currently owned by institutional investors and hedge funds.

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.

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