Sumitomo Mitsui Trust Holdings Inc. Has $1.20 Million Position in Enel Chile S.A. (NYSE:ENIC)

Sumitomo Mitsui Trust Holdings Inc. reduced its holdings in shares of Enel Chile S.A. (NYSE:ENIC) by 4.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 369,347 shares of the utilities provider’s stock after selling 16,000 shares during the period. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Enel Chile were worth $1,197,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the business. Envestnet Portfolio Solutions Inc. acquired a new position in Enel Chile in the third quarter valued at about $34,000. Blue Trust Inc. boosted its position in Enel Chile by 131.9% in the fourth quarter. Blue Trust Inc. now owns 16,129 shares of the utilities provider’s stock valued at $48,000 after buying an additional 9,174 shares in the last quarter. Mutual Advisors LLC acquired a new position in Enel Chile in the third quarter valued at about $65,000. QRG Capital Management Inc. acquired a new position in Enel Chile in the third quarter valued at about $93,000. Finally, NBC Securities Inc. acquired a new position in Enel Chile in the third quarter valued at about $112,000. 3.20% of the stock is currently owned by institutional investors and hedge funds.

Enel Chile Trading Down 0.5 %

Shares of NYSE ENIC opened at $3.00 on Friday. Enel Chile S.A. has a 1-year low of $2.63 and a 1-year high of $3.89. The company has a market cap of $4.14 billion, a PE ratio of 5.65 and a beta of 1.16. The company has a 50-day moving average of $2.97 and a two-hundred day moving average of $3.03.

Enel Chile (NYSE:ENIC) last posted its quarterly earnings results on Thursday, February 29th. The utilities provider reported $0.29 earnings per share for the quarter. The business had revenue of $1.15 billion during the quarter. Enel Chile had a net margin of 14.69% and a return on equity of 127.33%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Enel Chile from a “buy” rating to a “hold” rating in a research report on Saturday, February 17th.

Enel Chile Company 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.