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

Enel Chile S.A. (NYSE:ENIC - Get Free Report) has earned an average rating of "Moderate Buy" from the six research firms that are currently covering the stock, Marketbeat reports. Four analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $4.30.

A number of brokerages have issued reports on ENIC. Wall Street Zen raised Enel Chile from a "buy" rating to a "strong-buy" rating in a research report on Saturday, May 2nd. Santander lowered Enel Chile to a "neutral" rating in a report on Wednesday, January 28th. Scotiabank upgraded Enel Chile to a "strong-buy" rating in a report on Thursday, April 23rd. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Enel Chile in a report on Monday, April 20th.

Enel Chile Stock Up 3.6%

Shares of Enel Chile stock opened at $4.71 on Thursday. The stock has a market capitalization of $6.51 billion, a P/E ratio of 12.06 and a beta of 1.06. The stock has a 50 day moving average price of $4.19 and a two-hundred day moving average price of $4.09. Enel Chile has a 12-month low of $3.10 and a 12-month high of $4.72.

Enel Chile (NYSE:ENIC - Get Free Report) last announced its earnings results on Tuesday, March 31st. The utilities provider reported $0.12 earnings per share (EPS) for the quarter. The firm had revenue of $1.20 billion during the quarter. Enel Chile had a return on equity of 9.50% and a net margin of 11.04%. Sell-side analysts anticipate that Enel Chile will post 0.46 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Brandes Investment Partners LP lifted its holdings in shares of Enel Chile by 2.3% during the fourth quarter. Brandes Investment Partners LP now owns 5,270,748 shares of the utilities provider's stock worth $21,188,000 after buying an additional 120,905 shares during the last quarter. State Street Corp lifted its holdings in shares of Enel Chile by 3.0% during the fourth quarter. State Street Corp now owns 4,253,843 shares of the utilities provider's stock worth $17,100,000 after buying an additional 123,393 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of Enel Chile by 5.5% during the fourth quarter. Renaissance Technologies LLC now owns 3,062,688 shares of the utilities provider's stock valued at $12,312,000 after purchasing an additional 160,300 shares during the period. Wellington Management Group LLP increased its position in shares of Enel Chile by 48.4% during the fourth quarter. Wellington Management Group LLP now owns 2,042,904 shares of the utilities provider's stock valued at $8,212,000 after purchasing an additional 666,544 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Enel Chile by 6.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,080,312 shares of the utilities provider's stock valued at $4,343,000 after purchasing an additional 70,000 shares during the period. 3.20% of the stock is currently owned by institutional investors and hedge funds.

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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