333,400 Shares in Enel Chile S.A. (NYSE:ENIC) Purchased by Raiffeisen Bank International AG

Raiffeisen Bank International AG bought a new position in shares of Enel Chile S.A. (NYSE:ENIC - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 333,400 shares of the utilities provider's stock, valued at approximately $950,000.

Several other large investors also recently bought and sold shares of ENIC. Brandes Investment Partners LP raised its position in shares of Enel Chile by 2.7% during the 4th quarter. Brandes Investment Partners LP now owns 5,707,753 shares of the utilities provider's stock worth $16,438,000 after purchasing an additional 152,430 shares during the last quarter. Renaissance Technologies LLC boosted its stake in Enel Chile by 1.6% in the 4th quarter. Renaissance Technologies LLC now owns 2,512,771 shares of the utilities provider's stock worth $7,237,000 after buying an additional 38,783 shares during the last quarter. Helikon Investments Ltd raised its stake in Enel Chile by 14.7% during the fourth 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 period. The Manufacturers Life Insurance Company increased its holdings in shares of Enel Chile by 13.2% during the 4th quarter. The Manufacturers Life Insurance Company now owns 1,482,326 shares of the utilities provider's stock worth $4,269,000 after buying an additional 172,383 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in Enel Chile by 56.1% in the fourth quarter. JPMorgan Chase & Co. now owns 1,256,695 shares of the utilities provider's stock valued at $3,619,000 after acquiring an additional 451,482 shares during the last quarter. Institutional investors and hedge funds own 3.20% of the company's stock.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded shares of Enel Chile from a "buy" rating to a "hold" rating in a research report on Friday, May 16th.

Enel Chile Trading Down 0.1%

ENIC stock traded down $0.01 during trading on Thursday, reaching $3.68. The stock had a trading volume of 206,426 shares, compared to its average volume of 542,459. The firm has a fifty day moving average price of $3.44 and a 200 day moving average price of $3.15. The company has a market capitalization of $5.08 billion, a P/E ratio of 6.01 and a beta of 0.90. Enel Chile S.A. has a 1-year low of $2.51 and a 1-year high of $4.05.

Enel Chile (NYSE:ENIC - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The utilities provider reported $0.13 earnings per share for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $1,095.67 billion. 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 declared a semi-annual dividend, which will be paid on Friday, May 23rd. Investors of record on Friday, May 16th will be issued a $0.1779 dividend. The ex-dividend date is Friday, May 16th. This represents a yield of 5.8%. Enel Chile's dividend payout ratio is presently 157.14%.

Enel Chile 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.