Invesco Ltd. Buys 110,050 Shares of Enel Chile S.A. (NYSE:ENIC)

Invesco Ltd. lifted its stake in shares of Enel Chile S.A. (NYSE:ENIC - Free Report) by 37.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 401,508 shares of the utilities provider's stock after buying an additional 110,050 shares during the quarter. Invesco Ltd.'s holdings in Enel Chile were worth $1,156,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the stock. JPMorgan Chase & Co. lifted its holdings in shares of Enel Chile by 1.9% during the third quarter. JPMorgan Chase & Co. now owns 805,213 shares of the utilities provider's stock valued at $2,247,000 after purchasing an additional 15,250 shares during the last quarter. Ballentine Partners LLC lifted its stake in shares of Enel Chile by 71.6% in the 4th quarter. Ballentine Partners LLC now owns 39,987 shares of the utilities provider's stock valued at $115,000 after purchasing an additional 16,690 shares during the last quarter. Blue Trust Inc. boosted its position in Enel Chile by 11.9% during the fourth quarter. Blue Trust Inc. now owns 229,090 shares of the utilities provider's stock worth $639,000 after purchasing an additional 24,425 shares during the period. Helikon Investments Ltd lifted its position in shares of Enel Chile by 14.7% during the 4th quarter. Helikon Investments Ltd now owns 2,112,723 shares of the utilities provider's stock worth $6,085,000 after purchasing an additional 270,545 shares during the last quarter. Finally, Caprock Group LLC acquired a new stake in Enel Chile in the 4th quarter worth $32,000. Institutional investors own 3.20% of the company's stock.

Enel Chile Price Performance

Shares of NYSE ENIC traded up $0.06 during mid-day trading on Wednesday, hitting $3.86. The company's stock had a trading volume of 1,027,273 shares, compared to its average volume of 516,400. The stock has a market cap of $5.34 billion, a price-to-earnings ratio of 6.33 and a beta of 0.90. Enel Chile S.A. has a one year low of $2.51 and a one year high of $3.88. The company's fifty day simple moving average is $3.33 and its 200-day simple moving average is $3.07.

Enel Chile (NYSE:ENIC - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The utilities provider reported $0.13 EPS for the quarter, topping analysts' consensus estimates of $0.08 by $0.05. The business had revenue of $1,054.59 billion for 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%. On average, sell-side analysts predict that Enel Chile S.A. will post 0.45 EPS for the current year.

Enel Chile Cuts Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Friday, May 23rd. Stockholders of record on Friday, May 16th will be given a $0.1779 dividend. This represents a dividend yield of 5.8%. The ex-dividend date is Friday, May 16th. Enel Chile's payout ratio is presently 157.14%.

Analyst Ratings Changes

Separately, StockNews.com upgraded Enel Chile from a "hold" rating to a "buy" rating in a research note on Tuesday.

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.