NBC Securities Inc. Raises Stock Holdings in Enel Chile S.A. (NYSE:ENIC)

NBC Securities Inc. grew its holdings in shares of Enel Chile S.A. (NYSE:ENIC - Free Report) by 108,860.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 75,183 shares of the utilities provider's stock after purchasing an additional 75,114 shares during the period. NBC Securities Inc.'s holdings in Enel Chile were worth $245,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in ENIC. Schechter Investment Advisors LLC increased its position in Enel Chile by 2.1% during the fourth quarter. Schechter Investment Advisors LLC now owns 165,911 shares of the utilities provider's stock worth $478,000 after acquiring an additional 3,435 shares during the period. Inspire Advisors LLC raised its holdings in shares of 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 buying an additional 3,792 shares during the last quarter. O Shaughnessy Asset Management LLC raised its holdings in shares of Enel Chile by 36.6% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 14,270 shares of the utilities provider's stock valued at $41,000 after buying an additional 3,827 shares during the last quarter. Signaturefd LLC raised its holdings in Enel Chile by 12.6% during the 4th quarter. Signaturefd LLC now owns 37,152 shares of the utilities provider's stock worth $107,000 after purchasing an additional 4,146 shares during the last quarter. Finally, Corient Private Wealth LLC raised its holdings in Enel Chile by 5.9% during the 4th 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 during the last quarter. Institutional investors own 3.20% of the company's stock.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered Enel Chile from a "buy" rating to a "hold" rating in a research report on Friday, May 16th.

Enel Chile Stock Performance

Shares of NYSE:ENIC traded up $0.01 during midday trading on Monday, hitting $3.56. 30,849 shares of the stock were exchanged, compared to its average volume of 604,121. The business's 50-day moving average price is $3.49 and its 200 day moving average price is $3.23. The stock has a market capitalization of $4.92 billion, a price-to-earnings ratio of 5.83 and a beta of 0.92. Enel Chile S.A. has a 12 month low of $2.51 and a 12 month high of $4.05.

Enel Chile (NYSE:ENIC - Get Free Report) last announced its quarterly 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 return on equity of 15.48% and a net margin of 17.33%. The business had revenue of $1,054.59 billion during the quarter, compared to the consensus estimate of $1,095.67 billion. As a group, sell-side analysts expect that Enel Chile S.A. will post 0.45 EPS for the current year.

Enel Chile Cuts Dividend

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

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.