AQR Capital Management LLC Reduces Stock Position in Enel Chile S.A. (NYSE:ENIC)

AQR Capital Management LLC lessened its stake in Enel Chile S.A. (NYSE:ENIC - Free Report) by 7.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,760,701 shares of the utilities provider's stock after selling 217,435 shares during the period. AQR Capital Management LLC owned 0.20% of Enel Chile worth $7,951,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in ENIC. Advisors Preferred LLC purchased a new position in Enel Chile during the 4th quarter valued at about $25,000. Intelligence Driven Advisers LLC bought a new position in shares of Enel Chile during the fourth quarter valued at approximately $31,000. Caprock Group LLC purchased a new position in Enel Chile during the fourth quarter valued at approximately $32,000. Wealthstream Advisors Inc. purchased a new stake in Enel Chile during the fourth quarter worth $37,000. Finally, Truist Financial Corp bought a new stake in Enel Chile during the 4th quarter valued at $38,000. 3.20% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Enel Chile from a "hold" rating to a "buy" rating in a report on Tuesday, May 6th.

Enel Chile Price Performance

NYSE ENIC traded down $0.01 on Monday, hitting $3.96. The stock had a trading volume of 422,614 shares, compared to its average volume of 520,845. The business's fifty day moving average price is $3.36 and its 200 day moving average price is $3.10. The stock has a market cap of $5.47 billion, a price-to-earnings ratio of 6.48 and a beta of 0.90. Enel Chile S.A. has a 52-week low of $2.51 and a 52-week high of $4.05.

Enel Chile (NYSE:ENIC - Get Free Report) last announced its earnings results on Tuesday, April 29th. The utilities provider reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.05. The company had revenue of $1,054.59 billion for the quarter, compared to analyst estimates of $1,095.67 billion. Enel Chile had a return on equity of 15.48% and a net margin of 17.33%. As a group, sell-side analysts anticipate that Enel Chile S.A. will post 0.45 EPS for the current year.

Enel Chile Cuts Dividend

The business also recently announced a semi-annual dividend, which will be paid on Friday, May 23rd. Investors of record on Friday, May 16th will be paid a $0.1779 dividend. This represents a yield of 5.8%. The ex-dividend date of this dividend is Friday, May 16th. Enel Chile's dividend payout ratio (DPR) is presently 157.14%.

Enel Chile 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.