Enel Chile S.A. (NYSE:ENIC) Given Average Rating of "Moderate Buy" by Analysts

Key Points

• Analysts give Enel Chile a “Moderate Buy” consensus based on six ratings, although four analysts recommend holding the stock. The average 12-month price target is $4.65.
• ENIC shares opened at $4.54, up 2.8%, and remain near their 52-week high of $4.74. The company reported quarterly EPS of $0.08 on $1.07 billion in revenue.
• Institutional investors own 3.2% of Enel Chile, with several firms increasing or initiating positions during the first quarter.

Enel Chile S.A. (NYSE:ENIC - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the six ratings firms that are currently covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation, one has given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $4.65.

Several equities analysts have recently issued reports on ENIC shares. Weiss Ratings reiterated a "hold (c)" rating on shares of Enel Chile in a research report on Friday, July 17th. Btg Pactual set a $5.00 target price on Enel Chile in a research note on Friday, May 8th. Itau BBA Securities cut shares of Enel Chile to a "market perform" rating in a research report on Friday, July 10th. Wall Street Zen lowered shares of Enel Chile from a "strong-buy" rating to a "hold" rating in a research report on Sunday, May 10th. Finally, Scotiabank upgraded shares of Enel Chile to a "strong-buy" rating in a report on Thursday, April 23rd.

Institutional Investors Weigh In On Enel Chile

Institutional investors and hedge funds have recently modified their holdings of the stock. Royal Bank of Canada grew its holdings in shares of Enel Chile by 4.6% in 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 during the last quarter. Cubist Systematic Strategies LLC boosted its position in shares of Enel Chile by 97.9% in the 1st quarter. Cubist Systematic Strategies LLC now owns 61,591 shares of the utilities provider's stock valued at $201,000 after purchasing an additional 30,465 shares during the period. NewEdge Advisors LLC purchased a new position in Enel Chile in the 1st quarter worth about $289,000. Jane Street Group LLC acquired a new position in shares of Enel Chile in the first quarter worth about $131,000. Finally, Focus Partners Wealth lifted its position in shares of 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 acquiring an additional 22,434 shares in the last quarter. Institutional investors and hedge funds own 3.20% of the company's stock.

Enel Chile Stock Up 2.8%

Shares of ENIC opened at $4.54 on Friday. Enel Chile has a 52-week low of $3.34 and a 52-week high of $4.74. The firm has a market capitalization of $6.27 billion, a PE ratio of 10.80 and a beta of 1.04. The firm has a 50-day moving average price of $4.44 and a 200 day moving average price of $4.31.

Enel Chile (NYSE:ENIC - Get Free Report) last posted its quarterly earnings data on Tuesday, June 30th. The utilities provider reported $0.08 EPS for the quarter. The business had revenue of $1.07 billion for the quarter. Enel Chile had a net margin of 12.30% and a return on equity of 10.20%. On average, equities analysts expect that Enel Chile will post 0.46 EPS for the current year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source