Enel Chile (NYSE:ENIC) Rating Lowered to "Hold" at Wall Street Zen

Key Points

• Wall Street Zen downgraded Enel Chile from strong-buy to hold, adding to a mixed analyst picture for the stock.
• Despite the downgrade, the broader consensus remains Moderate Buy, with a consensus price target of $4.65 and several other analysts issuing hold or buy ratings.
• Enel Chile recently reported $0.12 EPS on $1.20 billion in revenue, and the stock was trading around $4.62, near its 12-month high of $4.74.

Enel Chile (NYSE:ENIC - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "strong-buy" rating to a "hold" rating in a research report issued on Sunday.

Several other equities research analysts have also recently commented on the company. Scotiabank raised Enel Chile to a "strong-buy" rating in a report on Thursday, April 23rd. Btg Pactual set a $5.00 target price on Enel Chile in a report on Friday. Santander lowered Enel Chile to a "neutral" rating in a report on Wednesday, January 28th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Enel Chile in a research report on Monday, April 20th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $4.65.

Enel Chile Trading Down 0.3%

Shares of ENIC stock opened at $4.62 on Friday. The business's fifty day simple moving average is $4.20 and its 200-day simple moving average is $4.10. The company has a market cap of $6.38 billion, a PE ratio of 11.83 and a beta of 1.06. Enel Chile has a 12-month low of $3.10 and a 12-month high of $4.74.

Enel Chile (NYSE:ENIC - Get Free Report) last announced its quarterly earnings data on Tuesday, March 31st. The utilities provider reported $0.12 earnings per share (EPS) for the quarter. Enel Chile had a net margin of 11.04% and a return on equity of 9.50%. The company had revenue of $1.20 billion during the quarter. On average, equities analysts forecast that Enel Chile will post 0.46 earnings per share for the current year.

Hedge Funds Weigh In On Enel Chile

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