Enel Chile S.A. (NYSE:ENIC) Given Average Rating of “Moderate Buy” by Brokerages

Enel Chile S.A. (NYSE:ENIC) has received an average recommendation of “Moderate Buy” from the six brokerages that are covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $4.65.

A number of equities research analysts recently issued reports on the company. Weiss Ratings restated a “hold (c)” rating on shares of Enel Chile in a research note on Monday, April 20th. Btg Pactual set a $5.00 price objective on Enel Chile in a research note on Friday. Scotiabank upgraded Enel Chile to a “strong-buy” rating in a research note on Thursday, April 23rd. Wall Street Zen cut Enel Chile from a “strong-buy” rating to a “hold” rating in a research note on Sunday. Finally, Santander cut Enel Chile to a “neutral” rating in a research note on Wednesday, January 28th.

Institutional Investors Weigh In On Enel Chile

Several hedge funds and other institutional investors have recently modified their holdings of ENIC. Arax Advisory Partners increased its position in shares of Enel Chile by 320.4% during the fourth quarter. Arax Advisory Partners now owns 7,652 shares of the utilities provider’s stock valued at $31,000 after buying an additional 5,832 shares during the period. Cibc World Market Inc. bought a new stake in shares of Enel Chile during the fourth quarter valued at about $40,000. Allspring Global Investments Holdings LLC bought a new stake in shares of Enel Chile during the first quarter valued at about $41,000. SmartHarvest Portfolios LLC bought a new stake in shares of Enel Chile during the first quarter valued at about $43,000. Finally, Sanctuary Advisors LLC bought a new stake in shares of Enel Chile during the first quarter valued at about $43,000. 3.20% of the stock is currently owned by institutional investors.

Enel Chile Price Performance

NYSE ENIC opened at $4.56 on Thursday. The stock has a market capitalization of $6.30 billion, a price-to-earnings ratio of 11.68 and a beta of 1.06. Enel Chile has a one year low of $3.10 and a one year high of $4.74. The business’s fifty day moving average is $4.21 and its 200-day moving average is $4.11.

Enel Chile (NYSE:ENIC) last announced its quarterly earnings data on Tuesday, March 31st. The utilities provider reported $0.12 earnings per share (EPS) for the quarter. Enel Chile had a return on equity of 9.50% and a net margin of 11.04%.The business had revenue of $1.20 billion for the quarter. Research analysts expect that Enel Chile will post 0.46 EPS for the current fiscal year.

Enel Chile Company Profile

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.