Enel Chile (NYSE:ENIC) Reaches New 12-Month High - Still a Buy?

Key Points

• Enel Chile shares hit a new 52-week high — the stock traded as high as $4.52 and last at $4.5450 (volume ~19,282), up about 2.4%; market cap ~$6.3B, PE 11.41, with 50-day/200-day moving averages of $4.11/$4.02.
• Analyst sentiment is mixed with an overall "Hold" — one analyst rates ENIC a Buy while four give Hold, and the consensus target price is $4.30.
• Recent results and institutional activity — latest quarter EPS $0.14 on $1.18B revenue (ROE 9.81%, net margin 11.53%), and several institutions increased stakes while hedge funds own about 3.2% of shares.

Enel Chile S.A. (NYSE:ENIC - Get Free Report) shares hit a new 52-week high on Tuesday . The company traded as high as $4.52 and last traded at $4.5450, with a volume of 19282 shares changing hands. The stock had previously closed at $4.45.

Wall Street Analyst Weigh In

ENIC has been the topic of a number of analyst reports. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Enel Chile in a report on Wednesday, January 21st. Zacks Research raised Enel Chile to a "hold" rating in a report on Monday, December 15th. Wall Street Zen raised Enel Chile from a "hold" rating to a "buy" rating in a report on Sunday, March 15th. Finally, Santander lowered Enel Chile to a "neutral" rating in a report on Wednesday, January 28th. One research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Enel Chile currently has an average rating of "Hold" and an average target price of $4.30.

Enel Chile Trading Up 2.4%

The company has a 50 day moving average price of $4.11 and a 200 day moving average price of $4.02. The firm has a market cap of $6.30 billion, a PE ratio of 11.41 and a beta of 0.97.

Enel Chile (NYSE:ENIC - Get Free Report) last announced its quarterly earnings results on Saturday, February 14th. The utilities provider reported $0.14 EPS for the quarter. The business had revenue of $1.18 billion for the quarter. Enel Chile had a return on equity of 9.81% and a net margin of 11.53%. As a group, equities research analysts anticipate that Enel Chile S.A. will post 0.45 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Enel Chile

Several institutional investors have recently modified their holdings of ENIC. Royal Bank of Canada boosted its stake in shares of Enel Chile by 4.6% during the 1st quarter. Royal Bank of Canada now owns 438,287 shares of the utilities provider's stock worth $1,433,000 after acquiring an additional 19,092 shares in the last quarter. Cubist Systematic Strategies LLC boosted its stake in shares of Enel Chile by 97.9% during the 1st quarter. Cubist Systematic Strategies LLC now owns 61,591 shares of the utilities provider's stock worth $201,000 after acquiring an additional 30,465 shares in the last quarter. NewEdge Advisors LLC purchased a new stake in Enel Chile in the 1st quarter valued at approximately $289,000. Jane Street Group LLC purchased a new stake in Enel Chile in the 1st quarter valued at approximately $131,000. Finally, Focus Partners Wealth lifted its stake in Enel Chile by 154.2% in the 1st quarter. Focus Partners Wealth now owns 36,979 shares of the utilities provider's stock valued at $121,000 after buying an additional 22,434 shares in the last quarter. Hedge funds and other institutional investors own 3.20% of the company's stock.

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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