Enel Chile S.A. (NYSE:ENIC) Shares Purchased by Northern Trust Corp

Northern Trust Corp raised its stake in Enel Chile S.A. (NYSE:ENIC - Free Report) by 1,444.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 804,533 shares of the utilities provider's stock after purchasing an additional 752,448 shares during the quarter. Northern Trust Corp owned about 0.06% of Enel Chile worth $2,317,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of ENIC. Advisors Preferred LLC acquired a new position in shares of Enel Chile in the 4th quarter valued at approximately $25,000. Intelligence Driven Advisers LLC acquired a new stake in Enel Chile in the fourth quarter valued at $31,000. Caprock Group LLC acquired a new position in Enel Chile during the 4th quarter worth $32,000. Wealthstream Advisors Inc. acquired a new stake in shares of Enel Chile in the 4th quarter valued at about $37,000. Finally, Truist Financial Corp acquired a new position in Enel Chile in the fourth quarter worth about $38,000. Institutional investors and hedge funds own 3.20% of the company's stock.

Enel Chile Stock Down 1.8%

ENIC stock traded down $0.07 during midday trading on Friday, reaching $3.58. The company had a trading volume of 203,728 shares, compared to its average volume of 759,789. The firm has a market capitalization of $4.95 billion, a PE ratio of 5.86 and a beta of 0.90. The stock has a 50 day moving average price of $3.47 and a 200 day moving average price of $3.19. Enel Chile S.A. has a fifty-two week low of $2.51 and a fifty-two week high of $4.05.

Enel Chile (NYSE:ENIC - Get Free Report) last issued its earnings results on Tuesday, April 29th. The utilities provider reported $0.13 earnings per share 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 firm had revenue of $1,054.59 billion for the quarter, compared to analyst estimates of $1,095.67 billion. Research analysts predict that Enel Chile S.A. will post 0.45 EPS for the current year.

Enel Chile Cuts Dividend

The firm also recently announced a semi-annual dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, May 16th were paid a dividend of $0.1779 per share. This represents a yield of 5.8%. The ex-dividend date of this dividend was Friday, May 16th. Enel Chile's payout ratio is currently 21.43%.

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.

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.