Enel Chile (NYSE:ENIC) Share Price Crosses Below 50 Day Moving Average - Should You Sell?

Enel Chile S.A. (NYSE:ENIC - Get Free Report)'s share price crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $4.45 and traded as low as $4.43. Enel Chile shares last traded at $4.47, with a volume of 552,838 shares trading hands.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on ENIC. Btg Pactual set a $5.00 price target on shares of Enel Chile in a research note on Friday, May 8th. Wall Street Zen downgraded shares of Enel Chile from a "strong-buy" rating to a "hold" rating in a research note on Sunday, May 10th. Itau BBA Securities downgraded Enel Chile to a "market perform" rating in a report on Friday, July 10th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Enel Chile in a report on Friday, July 17th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $4.65.

Enel Chile Trading Down 2.2%

The stock has a fifty day moving average price of $4.45 and a 200-day moving average price of $4.32. The firm has a market capitalization of $6.18 billion, a price-to-earnings ratio of 10.64 and a beta of 1.04.

Enel Chile (NYSE:ENIC - Get Free Report) last announced its quarterly earnings data on Tuesday, June 30th. The utilities provider reported $0.08 earnings per share for the quarter. The firm had revenue of $1.07 billion during the quarter. Enel Chile had a return on equity of 10.20% and a net margin of 12.30%. On average, equities analysts expect that Enel Chile S.A. will post 0.46 EPS for the current year.

Institutional Trading of Enel Chile

Several hedge funds have recently added to or reduced their stakes in the company. Eastern Bank bought a new position in Enel Chile in the second quarter valued at approximately $33,000. Arax Advisory Partners increased its position in Enel Chile by 320.4% in the 4th quarter. Arax Advisory Partners now owns 7,652 shares of the utilities provider's stock valued at $31,000 after acquiring an additional 5,832 shares during the period. Cibc World Market Inc. acquired a new stake in Enel Chile in the fourth quarter valued at $40,000. Allspring Global Investments Holdings LLC acquired a new position in shares of Enel Chile in the first quarter worth approximately $41,000. Finally, MML Investors Services LLC acquired a new stake in Enel Chile in the fourth quarter worth $43,000. 3.20% of the stock is owned by institutional investors and hedge funds.

Enel Chile Company 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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