Intelligence Driven Advisers LLC Invests $31,000 in Enel Chile S.A. (NYSE:ENIC)

Intelligence Driven Advisers LLC acquired a new stake in shares of Enel Chile S.A. (NYSE:ENIC) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 10,745 shares of the utilities provider’s stock, valued at approximately $31,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Advisors Preferred LLC bought a new stake in shares of Enel Chile in the 4th quarter valued at approximately $25,000. Cubist Systematic Strategies LLC increased its stake in shares of Enel Chile by 1,114,700.0% in the second quarter. Cubist Systematic Strategies LLC now owns 11,148 shares of the utilities provider’s stock valued at $31,000 after buying an additional 11,147 shares in the last quarter. Caprock Group LLC bought a new position in shares of Enel Chile in the fourth quarter valued at about $32,000. Savvy Advisors Inc. acquired a new position in shares of Enel Chile during the third quarter worth approximately $52,000. Finally, Townsquare Capital LLC acquired a new stake in shares of Enel Chile in the third quarter valued at approximately $65,000. 3.20% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Scotiabank cut Enel Chile from a “sector outperform” rating to a “sector perform” rating and set a $3.90 target price for the company. in a research note on Friday, November 22nd.

Enel Chile Trading Up 1.9 %

Enel Chile stock opened at $3.30 on Thursday. The company has a market cap of $4.56 billion, a PE ratio of 5.41 and a beta of 1.12. The company’s 50-day moving average is $2.95 and its two-hundred day moving average is $2.81. Enel Chile S.A. has a 1 year low of $2.51 and a 1 year high of $3.31.

Enel Chile Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, January 17th. Investors of record on Friday, January 17th were paid a dividend of $0.0463 per share. The ex-dividend date was Friday, January 17th. This is a boost from Enel Chile’s previous dividend of $0.03. Enel Chile’s payout ratio is 36.07%.

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.