Bank of America Corp DE Has $289,000 Stake in Enel Chile S.A. (NYSE:ENIC)

Bank of America Corp DE lowered its stake in Enel Chile S.A. (NYSE:ENIC - Free Report) by 71.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 100,266 shares of the utilities provider's stock after selling 252,778 shares during the period. Bank of America Corp DE's holdings in Enel Chile were worth $289,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Schechter Investment Advisors LLC boosted its stake in Enel Chile by 2.1% in the fourth quarter. Schechter Investment Advisors LLC now owns 165,911 shares of the utilities provider's stock valued at $478,000 after acquiring an additional 3,435 shares during the last quarter. Inspire Advisors LLC boosted its stake in Enel Chile by 6.9% in the fourth quarter. Inspire Advisors LLC now owns 58,414 shares of the utilities provider's stock valued at $168,000 after acquiring an additional 3,792 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its position in shares of Enel Chile by 36.6% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 14,270 shares of the utilities provider's stock worth $41,000 after purchasing an additional 3,827 shares in the last quarter. Signaturefd LLC boosted its position in shares of Enel Chile by 12.6% during the fourth quarter. Signaturefd LLC now owns 37,152 shares of the utilities provider's stock worth $107,000 after purchasing an additional 4,146 shares in the last quarter. Finally, Corient Private Wealth LLC boosted its position in shares of Enel Chile by 5.9% during the fourth quarter. Corient Private Wealth LLC now owns 79,112 shares of the utilities provider's stock worth $228,000 after purchasing an additional 4,418 shares in the last quarter. Institutional investors and hedge funds own 3.20% of the company's stock.

Enel Chile Stock Down 1.4%

Shares of NYSE ENIC opened at $3.64 on Friday. The stock has a market cap of $5.04 billion, a price-to-earnings ratio of 5.97 and a beta of 0.92. Enel Chile S.A. has a twelve month low of $2.51 and a twelve month high of $4.05. The company's fifty day moving average is $3.54 and its 200-day moving average is $3.25.

Enel Chile (NYSE:ENIC - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The utilities provider reported $0.13 EPS for the quarter, beating the consensus estimate of $0.08 by $0.05. The business had revenue of $1,054.59 billion for the quarter, compared to analysts' expectations of $1,095.67 billion. Enel Chile had a net margin of 17.33% and a return on equity of 15.48%. On average, research analysts anticipate that Enel Chile S.A. will post 0.45 EPS for the current fiscal year.

Enel Chile Cuts Dividend

The firm also recently declared a semi-annual dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, May 16th were paid a $0.1779 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a yield of 5.8%. Enel Chile's payout ratio is currently 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 report on Friday, May 16th.

Enel Chile Company 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.

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