Enel Chile (NYSE:ENIC) Sets New 1-Year High - Still a Buy?

Shares of Enel Chile S.A. (NYSE:ENIC - Get Free Report) reached a new 52-week high during trading on Monday . The stock traded as high as $3.50 and last traded at $3.47, with a volume of 61551 shares trading hands. The stock had previously closed at $3.43.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Enel Chile from a "buy" rating to a "hold" rating in a report on Monday, March 3rd.

Enel Chile Stock Up 0.3 %

The company has a market capitalization of $4.86 billion, a PE ratio of 5.76 and a beta of 0.99. The firm's 50 day simple moving average is $3.31 and its 200 day simple moving average is $3.05.

Enel Chile (NYSE:ENIC - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The utilities provider reported $0.13 EPS for the quarter, beating 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 company had revenue of $1,054.59 billion for the quarter, compared to the consensus estimate of $1,095.67 billion. As a group, sell-side analysts predict that Enel Chile S.A. will post 0.45 EPS for the current fiscal year.

Hedge Funds Weigh In On Enel Chile

Hedge funds have recently bought and sold shares of the business. Crossmark Global Holdings Inc. purchased a new stake in shares of Enel Chile during the first quarter valued at $6,142,000. Northern Trust Corp boosted its position in Enel Chile by 1,444.7% in the 4th quarter. Northern Trust Corp now owns 804,533 shares of the utilities provider's stock valued at $2,317,000 after buying an additional 752,448 shares during the period. JPMorgan Chase & Co. increased its position in shares of Enel Chile by 56.1% during the fourth quarter. JPMorgan Chase & Co. now owns 1,256,695 shares of the utilities provider's stock worth $3,619,000 after acquiring an additional 451,482 shares during the period. Raiffeisen Bank International AG bought a new stake in shares of Enel Chile during the fourth quarter valued at approximately $950,000. Finally, Helikon Investments Ltd boosted its holdings in shares of Enel Chile by 14.7% in the fourth quarter. Helikon Investments Ltd now owns 2,112,723 shares of the utilities provider's stock valued at $6,085,000 after purchasing an additional 270,545 shares during the period. Institutional investors own 3.20% of the company's stock.

Enel Chile Company Profile

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.