Enel Chile (NYSE:ENIC) Sets New 12-Month High - Time to Buy?

Key Points

• Price action: Enel Chile hit a new 52-week high of $4.63 (last $4.6050) and was up ~3.6%, but the average analyst target of $4.30 and a consensus rating of "Moderate Buy" (1 Strong Buy, 1 Buy, 4 Hold) suggest mixed upside expectations.
• Fundamentals: The company trades with a PE of 12.06, market cap ~$6.51B and very low leverage (debt/equity 0.07); recent quarter showed $0.12 EPS on $1.20B revenue and analysts expect ~0.46 EPS for the year.

Enel Chile S.A. (NYSE:ENIC - Get Free Report)'s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as $4.63 and last traded at $4.6050, with a volume of 117729 shares. The stock had previously closed at $4.54.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Weiss Ratings restated a "hold (c)" rating on shares of Enel Chile in a research note on Monday, April 20th. Wall Street Zen upgraded Enel Chile from a "buy" rating to a "strong-buy" rating in a report on Saturday. Scotiabank upgraded shares of Enel Chile to a "strong-buy" rating in a research note on Thursday, April 23rd. Finally, Santander cut shares of Enel Chile to a "neutral" rating in a report on Wednesday, January 28th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, Enel Chile has an average rating of "Moderate Buy" and an average target price of $4.30.

Enel Chile Stock Up 3.6%

The company has a debt-to-equity ratio of 0.07, a current ratio of 0.91 and a quick ratio of 0.88. The stock has a market cap of $6.51 billion, a PE ratio of 12.06 and a beta of 1.06. The company has a 50 day moving average price of $4.18 and a two-hundred day moving average price of $4.09.

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

Institutional Investors Weigh In On Enel Chile

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Banco BTG Pactual S.A. purchased a new stake in Enel Chile during the 4th quarter valued at $2,774,000. Wellington Management Group LLP grew its holdings in shares of Enel Chile by 48.4% in the fourth quarter. Wellington Management Group LLP now owns 2,042,904 shares of the utilities provider's stock worth $8,212,000 after acquiring an additional 666,544 shares during the period. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in Enel Chile during the fourth quarter valued at $2,629,000. Jump Financial LLC lifted its holdings in Enel Chile by 5,592.9% in the second quarter. Jump Financial LLC now owns 584,202 shares of the utilities provider's stock valued at $2,121,000 after acquiring an additional 573,940 shares during the period. Finally, Schroder Investment Management Group purchased a new position in Enel Chile in the third quarter worth about $1,408,000. Hedge funds and other institutional investors own 3.20% of the company's stock.

About Enel Chile

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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