380,741 Shares of Enel Chile S.A. $ENIC Acquired by Ashton Thomas Private Wealth LLC

Key Points

• Ashton Thomas Private Wealth opened a position in Enel Chile, acquiring 380,741 shares worth about $1.61 million in the third quarter. Institutional investors and hedge funds collectively own 3.20% of the company.
• Enel Chile’s latest quarterly results beat estimates: EPS was $0.09 versus $0.08 expected, while revenue reached $2.42 billion against a $1.12 billion consensus.
• Analysts’ consensus rating is Hold, with a $4.65 price target. The shares opened at $4.42 and were up 1.7% in the reported session.

Ashton Thomas Private Wealth LLC acquired a new stake in shares of Enel Chile S.A. (NYSE:ENIC - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 380,741 shares of the utilities provider's stock, valued at approximately $1,611,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of ENIC. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Enel Chile in the 3rd quarter worth approximately $31,000. Eastern Bank bought a new position in Enel Chile during the 2nd quarter worth $33,000. Allspring Global Investments Holdings LLC acquired a new stake in Enel Chile in the first quarter worth $41,000. Sanctuary Advisors LLC acquired a new stake in Enel Chile in the first quarter worth $43,000. Finally, Vise Technologies Inc. bought a new stake in Enel Chile in the third quarter valued at $58,000. Institutional investors and hedge funds own 3.20% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on ENIC. Weiss Ratings reissued a "hold (c)" rating on shares of Enel Chile in a research note on Thursday, October 15th. Bank of America started coverage on shares of Enel Chile in a research report on Thursday, October 15th. They issued a "neutral" rating for the company. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat, Enel Chile currently has a consensus rating of "Hold" and a consensus target price of $4.65.

Enel Chile Stock Up 1.7%

Shares of ENIC opened at $4.42 on Tuesday. The firm has a 50-day moving average price of $4.34 and a 200 day moving average price of $4.33. The firm has a market capitalization of $6.11 billion, a PE ratio of 10.21 and a beta of 1.12. Enel Chile S.A. has a 52-week low of $3.64 and a 52-week high of $4.74.

Enel Chile (NYSE:ENIC - Get Free Report) last released its quarterly earnings results on Wednesday, October 28th. The utilities provider reported $0.09 EPS for the quarter, topping analysts' consensus estimates of $0.08 by $0.01. The company had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $1.12 billion. Enel Chile had a net margin of 12.52% and a return on equity of 10.28%. On average, equities analysts expect that Enel Chile S.A. will post 0.48 EPS for the current year.

Enel Chile Profile

Enel Chile SA is an electricity company and part of the global Enel Group. Based in Chile, it generates and distributes electricity through subsidiaries including Enel Generación Chile and Enel Distribución Chile.

The company's generation portfolio includes hydroelectric, solar, wind and thermal power plants. It also supplies electricity to customers, with its distribution business focused primarily on Santiago and surrounding areas.

Enel Chile was established in 2016 as part of a reorganization of the Enersis group's businesses in Latin America.

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