Enel Chile (NYSE:ENIC) Announces Earnings Results

Enel Chile (NYSE:ENIC) released its earnings results on Thursday. The utilities provider reported ($0.20) earnings per share for the quarter, Zacks reports. Enel Chile had a return on equity of 15.48% and a net margin of 17.33%.

Enel Chile Stock Down 3.6 %

ENIC traded down $0.13 during midday trading on Thursday, reaching $3.33. 486,837 shares of the company’s stock were exchanged, compared to its average volume of 482,456. The business has a 50-day simple moving average of $3.07 and a two-hundred day simple moving average of $2.86. Enel Chile has a one year low of $2.51 and a one year high of $3.49. The firm has a market capitalization of $4.60 billion, a price-to-earnings ratio of 5.45 and a beta of 1.12.

Enel Chile Increases Dividend

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

Analyst Ratings Changes

Separately, Scotiabank downgraded 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 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.