73,080 Shares in Enel Chile S.A. (NYSE:ENIC) Purchased by First Trust Advisors LP

First Trust Advisors LP bought a new stake in Enel Chile S.A. (NYSE:ENIC - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 73,080 shares of the utilities provider's stock, valued at approximately $210,000.

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

Enel Chile Stock Down 1.7%

NYSE:ENIC traded down $0.07 during midday trading on Friday, hitting $3.71. The company had a trading volume of 150,819 shares, compared to its average volume of 535,563. The stock's fifty day moving average price is $3.41 and its 200-day moving average price is $3.12. Enel Chile S.A. has a 52-week low of $2.51 and a 52-week high of $4.05. The company has a market capitalization of $5.13 billion, a PE ratio of 6.09 and a beta of 0.90.

Enel Chile (NYSE:ENIC - Get Free Report) last posted its earnings results on Tuesday, April 29th. The utilities provider reported $0.13 earnings per share for the quarter, topping analysts' consensus estimates of $0.08 by $0.05. The company had revenue of $1,054.59 billion during the quarter, compared to analyst estimates of $1,095.67 billion. Enel Chile had a net margin of 17.33% and a return on equity of 15.48%. As a group, research analysts forecast that Enel Chile S.A. will post 0.45 earnings per share for the current year.

Enel Chile Cuts Dividend

The company also recently announced a semi-annual dividend, which will be paid on Friday, May 23rd. Stockholders of record on Friday, May 16th will be issued a dividend of $0.1779 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a dividend yield of 5.8%. Enel Chile's dividend payout ratio is currently 157.14%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Enel Chile from a "hold" rating to a "buy" rating in a report on Tuesday, May 6th.

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.