The Manufacturers Life Insurance Company boosted its holdings in Enel Chile S.A. (NYSE:ENIC - Free Report) by 13.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,482,326 shares of the utilities provider's stock after acquiring an additional 172,383 shares during the quarter. The Manufacturers Life Insurance Company owned 0.11% of Enel Chile worth $4,269,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Advisors Preferred LLC acquired a new stake in Enel Chile during the fourth quarter valued at $25,000. Intelligence Driven Advisers LLC bought a new position in shares of Enel Chile in the fourth quarter worth about $31,000. Caprock Group LLC bought a new stake in shares of Enel Chile in the 4th quarter valued at approximately $32,000. Wealthstream Advisors Inc. bought a new stake in shares of Enel Chile in the 4th quarter valued at approximately $37,000. Finally, Truist Financial Corp bought a new stake in Enel Chile during the 4th quarter worth approximately $38,000. 3.20% of the stock is currently owned by institutional investors and hedge funds.
Enel Chile Price Performance
Shares of ENIC stock traded down $0.03 during trading hours on Wednesday, reaching $3.93. The company had a trading volume of 562,181 shares, compared to its average volume of 531,225. The company has a 50 day moving average of $3.37 and a 200 day moving average of $3.10. The firm has a market cap of $5.43 billion, a price-to-earnings ratio of 6.43 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 released its quarterly earnings data on Tuesday, April 29th. The utilities provider reported $0.13 EPS for the quarter, beating analysts' consensus estimates of $0.08 by $0.05. The business had revenue of $1,054.59 billion during the quarter, compared to analysts' expectations 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, sell-side analysts forecast that Enel Chile S.A. will post 0.45 EPS for the current fiscal year.
Enel Chile Cuts Dividend
The business also recently declared a semi-annual dividend, which will be paid on Friday, May 23rd. Shareholders of record on Friday, May 16th will be paid a $0.1779 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a yield of 5.8%. Enel Chile's dividend payout ratio is 157.14%.
Analyst Ratings Changes
Separately, StockNews.com raised Enel Chile from a "hold" rating to a "buy" rating in a report on Tuesday, May 6th.
Get Our Latest Analysis on ENIC
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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