Enel Chile (NYSE:ENIC) Sets New 1-Year High – Still a Buy?

Enel Chile S.A. (NYSE:ENIC) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $4.52 and last traded at $4.5450, with a volume of 19282 shares trading hands. The stock had previously closed at $4.45.

Analyst Ratings Changes

Several research firms have issued reports on ENIC. Santander lowered Enel Chile to a “neutral” rating in a research note on Wednesday, January 28th. Weiss Ratings reiterated a “hold (c)” rating on shares of Enel Chile in a research note on Wednesday, January 21st. Finally, Wall Street Zen raised shares of Enel Chile from a “hold” rating to a “buy” rating in a report on Sunday, March 15th. One research analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $4.30.

Enel Chile Stock Up 0.3%

The firm has a market cap of $6.20 billion, a PE ratio of 11.21 and a beta of 0.97. The stock has a 50 day moving average price of $4.12 and a two-hundred day moving average price of $4.03.

Enel Chile (NYSE:ENIC) last issued its quarterly earnings results on Saturday, February 14th. The utilities provider reported $0.14 earnings per share for the quarter. Enel Chile had a return on equity of 9.81% and a net margin of 11.53%.The business had revenue of $1.18 billion for the quarter. As a group, equities analysts anticipate that Enel Chile S.A. will post 0.45 earnings per share for the current year.

Institutional Investors Weigh In On Enel Chile

A number of large investors have recently made changes to their positions in ENIC. Banco BTG Pactual S.A. purchased a new stake in shares of Enel Chile during the fourth quarter valued at $2,774,000. Wellington Management Group LLP grew its holdings in shares of Enel Chile by 48.4% during the fourth quarter. Wellington Management Group LLP now owns 2,042,904 shares of the utilities provider’s stock valued at $8,212,000 after buying an additional 666,544 shares during the last quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in shares of Enel Chile during the fourth quarter valued at $2,629,000. Jump Financial LLC boosted its position in Enel Chile by 5,592.9% in the second quarter. Jump Financial LLC now owns 584,202 shares of the utilities provider’s stock valued at $2,121,000 after buying an additional 573,940 shares during the last quarter. Finally, Schroder Investment Management Group purchased a new stake in Enel Chile in the third quarter valued at $1,408,000. 3.20% of the stock is owned by hedge funds and other institutional investors.

About Enel Chile

Enel Chile SA, traded as ENIC on the NYSE, is one of Chile’s leading integrated electric utilities, with core businesses spanning electricity generation, transmission and distribution. The company serves a diverse customer base that includes residential, commercial and industrial users, striving to deliver reliable power across both urban and rural regions.

In its generation segment, Enel Chile operates a balanced portfolio of assets, including hydroelectric plants, thermal power stations and an expanding suite of renewable energy facilities such as wind and solar farms.