NBC Securities Inc. Grows Position in Enel Chile S.A. (NYSE:ENIC)

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

Other hedge funds also recently made changes to their positions in the company. O Shaughnessy Asset Management LLC grew its holdings in Enel Chile by 36.6% during the 4th 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 in the last quarter. Truist Financial Corp purchased a new stake in Enel Chile in the fourth quarter worth approximately $38,000. Caprock Group LLC purchased a new stake in Enel Chile in the fourth quarter worth approximately $32,000. D. E. Shaw & Co. Inc. lifted its position in Enel Chile by 15.1% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 153,528 shares of the utilities provider's stock valued at $442,000 after purchasing an additional 20,110 shares during the last quarter. Finally, Corient Private Wealth LLC lifted its position in Enel Chile by 5.9% in the fourth quarter. Corient Private Wealth LLC now owns 79,112 shares of the utilities provider's stock valued at $228,000 after purchasing an additional 4,418 shares during the last quarter. 3.20% of the stock is currently owned by institutional investors.

Enel Chile Trading Up 4.1%

ENIC traded up $0.15 during trading on Wednesday, reaching $3.69. The stock had a trading volume of 693,685 shares, compared to its average volume of 623,872. The stock's 50 day moving average is $3.51 and its two-hundred day moving average is $3.24. The company has a market capitalization of $5.10 billion, a price-to-earnings ratio of 6.04 and a beta of 0.92. Enel Chile S.A. has a one year low of $2.51 and a one 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 EPS for the quarter, topping analysts' consensus estimates of $0.08 by $0.05. Enel Chile had a return on equity of 15.48% and a net margin of 17.33%. The firm had revenue of $1,054.59 billion for the quarter, compared to analysts' expectations 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 firm also recently disclosed a semi-annual dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 16th were given a dividend of $0.1779 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a dividend yield of 5.8%. Enel Chile's dividend payout ratio (DPR) is presently 7.14%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded 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.