Public Employees Retirement System of Ohio Takes $886,000 Position in Enel Chile S.A. $ENIC

Public Employees Retirement System of Ohio acquired a new position in shares of Enel Chile S.A. (NYSE:ENIC) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 196,814 shares of the utilities provider’s stock, valued at approximately $886,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Arax Advisory Partners grew its stake in Enel Chile by 320.4% in the 4th quarter. Arax Advisory Partners now owns 7,652 shares of the utilities provider’s stock worth $31,000 after buying an additional 5,832 shares in the last quarter. Eastern Bank purchased a new stake in shares of Enel Chile during the 2nd quarter valued at $33,000. Cibc World Market Inc. bought a new stake in shares of Enel Chile during the 4th quarter worth $40,000. Allspring Global Investments Holdings LLC purchased a new position in Enel Chile in the first quarter worth $41,000. Finally, Sanctuary Advisors LLC bought a new position in Enel Chile in the first quarter valued at $43,000. 3.20% of the stock is owned by hedge funds and other institutional investors.

Enel Chile Stock Performance

Shares of Enel Chile stock opened at $4.47 on Thursday. Enel Chile S.A. has a 52-week low of $3.59 and a 52-week high of $4.74. The company has a fifty day moving average of $4.44 and a 200-day moving average of $4.33. The stock has a market capitalization of $6.19 billion, a price-to-earnings ratio of 10.66 and a beta of 1.04.

Enel Chile (NYSE:ENIC) last posted its quarterly earnings results on Tuesday, June 30th. The utilities provider reported $0.08 earnings per share for the quarter. Enel Chile had a net margin of 12.30% and a return on equity of 10.20%. The business had revenue of $1.07 billion during the quarter. On average, equities research analysts forecast that Enel Chile S.A. will post 0.47 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on ENIC. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Enel Chile in a research note on Friday, July 17th. Itau BBA Securities cut Enel Chile to a “market perform” rating in a report on Friday, July 10th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, Enel Chile currently has a consensus rating of “Moderate Buy” and an average target price of $4.65.

Enel Chile 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.