Bank of America Corp DE Sells 252,778 Shares of Enel Chile S.A. (NYSE:ENIC)

Bank of America Corp DE trimmed its position in shares of Enel Chile S.A. (NYSE:ENIC - Free Report) by 71.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 100,266 shares of the utilities provider's stock after selling 252,778 shares during the quarter. Bank of America Corp DE's holdings in Enel Chile were worth $289,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Northern Trust Corp lifted its holdings in Enel Chile by 1,444.7% in the fourth quarter. Northern Trust Corp now owns 804,533 shares of the utilities provider's stock valued at $2,317,000 after acquiring an additional 752,448 shares during the period. The Manufacturers Life Insurance Company increased its position in shares of Enel Chile by 13.2% during the 4th quarter. The Manufacturers Life Insurance Company now owns 1,482,326 shares of the utilities provider's stock valued at $4,269,000 after purchasing an additional 172,383 shares during the last quarter. Virtus ETF Advisers LLC boosted its holdings in shares of Enel Chile by 15.2% in the fourth quarter. Virtus ETF Advisers LLC now owns 66,737 shares of the utilities provider's stock worth $192,000 after buying an additional 8,830 shares during the last quarter. First Trust Advisors LP bought a new stake in Enel Chile during the fourth quarter valued at approximately $210,000. Finally, Guggenheim Capital LLC increased its holdings in Enel Chile by 14.8% during the fourth quarter. Guggenheim Capital LLC now owns 249,681 shares of the utilities provider's stock valued at $719,000 after buying an additional 32,212 shares during the last quarter. 3.20% of the stock is currently owned by hedge funds and other institutional investors.

Enel Chile Stock Performance

ENIC traded down $0.06 during midday trading on Tuesday, reaching $3.55. The company had a trading volume of 586,419 shares, compared to its average volume of 634,088. The business has a 50-day moving average of $3.56 and a two-hundred day moving average of $3.27. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.97 and a current ratio of 1.00. Enel Chile S.A. has a 1 year low of $2.51 and a 1 year high of $4.05.

Enel Chile (NYSE:ENIC - Get Free Report) last released its earnings results on Tuesday, April 29th. The utilities provider reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.05. Enel Chile had a net margin of 4.27% and a return on equity of 3.20%. The company had revenue of $1,054.59 billion during the quarter, compared to analyst estimates of $1,095.67 billion. On average, equities research analysts predict that Enel Chile S.A. will post 0.45 earnings per share for the current year.

Enel Chile Cuts Dividend

The company also recently announced a semi-annual dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 16th were paid a dividend of $0.1779 per share. This represents a dividend yield of 5.8%. The ex-dividend date of this dividend was Friday, May 16th. Enel Chile's dividend payout ratio (DPR) is 7.14%.

Analyst Ratings Changes

Separately, Wall Street Zen cut shares of Enel Chile from a "buy" rating to a "hold" rating in a research note on Friday, May 16th.

About Enel Chile

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.