Raiffeisen Bank International AG Takes $950,000 Position in Enel Chile S.A. (NYSE:ENIC)

Raiffeisen Bank International AG purchased a new stake in Enel Chile S.A. (NYSE:ENIC) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 333,400 shares of the utilities provider’s stock, valued at approximately $950,000.

Other large investors have also modified their holdings of the company. O Shaughnessy Asset Management LLC raised its stake in shares of Enel Chile by 36.6% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 14,270 shares of the utilities provider’s stock worth $41,000 after acquiring an additional 3,827 shares in the last quarter. Truist Financial Corp bought a new position in shares of Enel Chile during the 4th quarter worth approximately $38,000. Caprock Group LLC bought a new position in shares of Enel Chile during the 4th quarter worth approximately $32,000. Helikon Investments Ltd raised its stake in shares of Enel Chile by 14.7% during the 4th quarter. Helikon Investments Ltd now owns 2,112,723 shares of the utilities provider’s stock worth $6,085,000 after acquiring an additional 270,545 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of Enel Chile by 1.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 805,213 shares of the utilities provider’s stock worth $2,247,000 after acquiring an additional 15,250 shares in the last quarter. Institutional investors own 3.20% of the company’s stock.

Enel Chile Trading Down 5.9%

NYSE:ENIC opened at $3.72 on Friday. The company has a market cap of $5.14 billion, a PE ratio of 6.09 and a beta of 0.90. Enel Chile S.A. has a twelve month low of $2.51 and a twelve month high of $4.05. The company’s 50 day moving average is $3.42 and its two-hundred day moving average is $3.13.

Enel Chile (NYSE:ENIC) last released its quarterly earnings data on Tuesday, April 29th. The utilities provider reported $0.13 EPS for the quarter, beating the consensus estimate of $0.08 by $0.05. The business had revenue of $1,054.59 billion for the quarter, compared to the consensus estimate 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, analysts expect that Enel Chile S.A. will post 0.45 EPS for the current fiscal year.

Enel Chile Cuts Dividend

The company also recently declared a semi-annual dividend, which will be paid on Friday, May 23rd. Investors of record on Friday, May 16th will be issued a dividend of $0.1779 per share. This represents a yield of 5.8%. The ex-dividend date is Friday, May 16th. Enel Chile’s dividend payout ratio (DPR) is presently 157.14%.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Enel Chile from a “buy” rating to a “hold” rating in a research note on Friday.

Enel Chile 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.