Raiffeisen Bank International AG acquired a new position in Enel Chile S.A. (NYSE:ENIC - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 333,400 shares of the utilities provider's stock, valued at approximately $950,000.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Advisors Preferred LLC bought a new stake in shares of Enel Chile in the 4th quarter valued at about $25,000. Intelligence Driven Advisers LLC purchased a new position in shares of Enel Chile during the 4th quarter worth approximately $31,000. Caprock Group LLC purchased a new position in shares of Enel Chile during the 4th quarter worth approximately $32,000. Wealthstream Advisors Inc. purchased a new stake in shares of Enel Chile in the 4th quarter worth approximately $37,000. Finally, Truist Financial Corp purchased a new stake in shares of Enel Chile in the 4th quarter worth approximately $38,000. 3.20% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Separately, StockNews.com downgraded Enel Chile from a "buy" rating to a "hold" rating in a research note on Friday.
Check Out Our Latest Research Report on ENIC
Enel Chile Stock Performance
Shares of NYSE ENIC traded down $0.04 during midday trading on Tuesday, hitting $3.72. 822,845 shares of the stock traded hands, compared to its average volume of 542,698. The firm has a 50-day moving average of $3.43 and a two-hundred day moving average of $3.15. The firm has a market capitalization of $5.15 billion, a P/E ratio of 6.10 and a beta of 0.90. Enel Chile S.A. has a one year low of $2.51 and a one year high of $4.05.
Enel Chile (NYSE:ENIC - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The utilities provider reported $0.13 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts' expectations of $1,095.67 billion. Equities analysts forecast that Enel Chile S.A. will post 0.45 earnings per share for the current fiscal year.
Enel Chile Cuts Dividend
The business also recently announced 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 currently 157.14%.
About Enel Chile
(
Free Report)
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.
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