Enel Chile (NYSE:ENIC) Share Price Crosses Below Fifty Day Moving Average - Here's What Happened

Key Points

• Enel Chile's stock fell below its fifty-day moving average, trading as low as $3.91 and last at $3.9250 (50‑day MA $4.18) on volume ~766,807 shares, down about 1.4%.
• Analyst consensus is "Hold" with a $4.30 price target; one analyst rates the stock a Buy while four rate it Hold, according to MarketBeat.
• Quarterly results showed an EPS miss—reported $0.14 vs. $0.15 expected—and analysts forecast full‑year EPS of $0.45; the company has a market cap of $5.43 billion and a P/E of 9.81.

Enel Chile S.A. (NYSE:ENIC - Get Free Report)'s share price passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $4.18 and traded as low as $3.91. Enel Chile shares last traded at $3.9250, with a volume of 766,807 shares.

Analyst Ratings Changes

ENIC has been the subject of several research reports. Morgan Stanley restated an "overweight" rating and issued a $4.30 price target on shares of Enel Chile in a research note on Friday, December 12th. Wall Street Zen upgraded Enel Chile from a "hold" rating to a "buy" rating in a report on Sunday, March 15th. Santander downgraded Enel Chile to a "neutral" rating in a report on Wednesday, January 28th. Zacks Research raised Enel Chile to a "hold" rating in a research report on Monday, December 15th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Enel Chile in a research report on Wednesday, January 21st. One research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Enel Chile currently has a consensus rating of "Hold" and a consensus price target of $4.30.

Enel Chile Trading Down 1.4%

The firm has a market capitalization of $5.43 billion, a price-to-earnings ratio of 9.81 and a beta of 0.98. The stock's fifty day moving average price is $4.18 and its two-hundred day moving average price is $3.99.

Enel Chile (NYSE:ENIC - Get Free Report) last issued its earnings results on Tuesday, March 3rd. The utilities provider reported $0.14 EPS for the quarter, missing analysts' consensus estimates of $0.15 by ($0.01). Enel Chile had a return on equity of 9.81% and a net margin of 11.53%.The firm had revenue of $2.37 billion for the quarter, compared to analyst estimates of $1.21 million. 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

Institutional investors have recently added to or reduced their stakes in the business. Arax Advisory Partners boosted its holdings in Enel Chile by 320.4% in the fourth quarter. Arax Advisory Partners now owns 7,652 shares of the utilities provider's stock valued at $31,000 after purchasing an additional 5,832 shares in the last quarter. Cibc World Market Inc. acquired a new stake in Enel Chile during the fourth quarter worth approximately $40,000. MML Investors Services LLC acquired a new position in shares of Enel Chile in the 4th quarter valued at $43,000. Foster Group Inc. purchased a new position in shares of Enel Chile in the 3rd quarter valued at $42,000. Finally, TMB Capital Partners LLC acquired a new stake in Enel Chile during the 4th quarter worth $49,000. 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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