Perpetual Ltd Sells 366,572 Shares of Enel Chile S.A. $ENIC

Key Points

• Perpetual Ltd cut its stake in Enel Chile by 73.8% in Q4, selling 366,572 shares and retaining 130,000 shares valued at $523,000 at quarter-end.
• Institutional activity is mixed: several funds added or started positions (notably Jump Financial boosted its holding by 5,592.9% to 584,202 shares and Banco BTG Pactual opened a ~$4.39M stake), signaling divergent investor views.
• Shares trade around $4.11 with a market cap of $5.68B and a consensus analyst rating of Hold (consensus target $4.30); Enel Chile reported $0.14 EPS for the quarter and analysts expect ~0.45 EPS for the year.

Perpetual Ltd reduced its stake in Enel Chile S.A. (NYSE:ENIC - Free Report) by 73.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 130,000 shares of the utilities provider's stock after selling 366,572 shares during the period. Perpetual Ltd's holdings in Enel Chile were worth $523,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of ENIC. Banco BTG Pactual S.A. purchased a new position in Enel Chile during the 2nd quarter worth $4,389,000. Jump Financial LLC grew its position in shares of Enel Chile by 5,592.9% during the 2nd quarter. Jump Financial LLC now owns 584,202 shares of the utilities provider's stock worth $2,121,000 after buying an additional 573,940 shares in the last quarter. Schroder Investment Management Group purchased a new position in shares of Enel Chile during the third quarter valued at $1,408,000. Arrowstreet Capital Limited Partnership raised its holdings in shares of Enel Chile by 70.2% in the second quarter. Arrowstreet Capital Limited Partnership now owns 597,895 shares of the utilities provider's stock valued at $2,170,000 after acquiring an additional 246,530 shares in the last quarter. Finally, CWA Asset Management Group LLC purchased a new stake in Enel Chile in the third quarter worth about $845,000. Institutional investors own 3.20% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on ENIC shares. Santander downgraded shares of Enel Chile to a "neutral" rating in a research report on Wednesday, January 28th. Wall Street Zen upgraded shares of Enel Chile from a "hold" rating to a "buy" rating in a research note on Sunday, March 15th. Zacks Research raised shares of Enel Chile to a "hold" rating in a research note on Monday, December 15th. Morgan Stanley restated an "overweight" rating and set a $4.30 target price on shares of Enel Chile in a report on Friday, December 12th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Enel Chile in a report on Wednesday, January 21st. One analyst has rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $4.30.

Enel Chile Stock Performance

NYSE:ENIC opened at $4.11 on Monday. The stock has a market capitalization of $5.68 billion, a P/E ratio of 10.26 and a beta of 0.97. The company's 50-day simple moving average is $4.13 and its 200-day simple moving average is $4.00. Enel Chile S.A. has a fifty-two week low of $2.85 and a fifty-two week high of $4.51.

Enel Chile (NYSE:ENIC - Get Free Report) last posted its earnings results on Saturday, February 14th. The utilities provider reported $0.14 EPS for the quarter. Enel Chile had a net margin of 11.53% and a return on equity of 9.81%. The company had revenue of $1.18 billion during the quarter. On average, research analysts forecast that Enel Chile S.A. will post 0.45 EPS for the current year.

Enel Chile Profile

Enel Chile SA, traded as ENIC on the NYSE, is one of Chile's leading integrated electric utilities, with core businesses spanning electricity generation, transmission and distribution. The company serves a diverse customer base that includes residential, commercial and industrial users, striving to deliver reliable power across both urban and rural regions.

In its generation segment, Enel Chile operates a balanced portfolio of assets, including hydroelectric plants, thermal power stations and an expanding suite of renewable energy facilities such as wind and solar farms.

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