Enel Chile (NYSE:ENIC) Sets New 12-Month High – Time to Buy?

Enel Chile S.A. (NYSE:ENIC) reached a new 52-week high during trading on Wednesday . The company traded as high as $3.43 and last traded at $3.42, with a volume of 280028 shares changing hands. The stock had previously closed at $3.40.

Analysts Set New Price Targets

Separately, Scotiabank downgraded shares of Enel Chile from a “sector outperform” rating to a “sector perform” rating and set a $3.90 target price on the stock. in a research report on Friday, November 22nd.

Enel Chile Trading Up 0.4 %

The business’s 50-day simple moving average is $2.99 and its 200 day simple moving average is $2.82. The firm has a market cap of $4.70 billion, a PE ratio of 5.60 and a beta of 1.12.

Enel Chile Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, January 17th. Stockholders of record on Friday, January 17th were given a $0.0463 dividend. The ex-dividend date was Friday, January 17th. This is an increase from Enel Chile’s previous dividend of $0.03. Enel Chile’s payout ratio is presently 36.07%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Advisors Preferred LLC acquired a new stake in Enel Chile in the 4th quarter worth approximately $25,000. Intelligence Driven Advisers LLC acquired a new stake in Enel Chile in the 4th quarter worth approximately $31,000. Caprock Group LLC acquired a new stake in Enel Chile in the 4th quarter worth approximately $32,000. Wealthstream Advisors Inc. acquired a new stake in Enel Chile in the 4th quarter worth approximately $37,000. Finally, Truist Financial Corp acquired a new stake in Enel Chile in the 4th quarter worth approximately $38,000. Hedge funds and other institutional investors own 3.20% of the company’s stock.

About Enel Chile

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.