Enel Chile S.A. (NYSE:ENIC) Receives $4.65 Average Price Target from Brokerages

Shares of Enel Chile S.A. (NYSE:ENIC) have earned a consensus rating of “Moderate Buy” from the six ratings firms that are covering the company, Marketbeat reports. Four investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $4.65.

Several research firms recently commented on ENIC. Itau BBA Securities lowered shares of Enel Chile to a “market perform” rating in a report on Friday, July 10th. Weiss Ratings reissued a “hold (c)” rating on shares of Enel Chile in a research report on Friday, July 17th.

Institutional Trading of Enel Chile

Hedge funds have recently made changes to their positions in the company. Banco BTG Pactual S.A. acquired a new position in Enel Chile in the 4th quarter worth $2,774,000. Wellington Management Group LLP increased its holdings in Enel Chile by 48.4% during the 4th quarter. Wellington Management Group LLP now owns 2,042,904 shares of the utilities provider’s stock worth $8,212,000 after purchasing an additional 666,544 shares during the last quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in shares of Enel Chile in the 4th quarter valued at approximately $2,629,000. Jump Financial LLC boosted its stake in shares of Enel Chile by 5,592.9% during the 2nd 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 acquired a new stake in shares of Enel Chile during the third quarter worth approximately $1,408,000. Hedge funds and other institutional investors own 3.20% of the company’s stock.

Enel Chile Price Performance

Shares of ENIC stock opened at $4.36 on Wednesday. The firm’s 50-day simple moving average is $4.44 and its 200-day simple moving average is $4.33. Enel Chile has a 1-year low of $3.62 and a 1-year high of $4.74. The firm has a market cap of $6.02 billion, a P/E ratio of 10.37 and a beta of 1.04.

Enel Chile (NYSE:ENIC) last issued its quarterly earnings results on Tuesday, June 30th. The utilities provider reported $0.08 EPS for the quarter. Enel Chile had a net margin of 12.30% and a return on equity of 10.20%. The firm had revenue of $1.07 billion during the quarter. Analysts expect that Enel Chile will post 0.47 earnings per share for the current fiscal year.

About Enel Chile

Enel Chile SA is a Chilean energy company engaged in the generation, distribution and sale of electricity. It serves residential, commercial and industrial customers in Chile through a portfolio that includes renewable and conventional power-generation assets, as well as electricity distribution networks.

The company’s generation activities include hydroelectric, solar, wind, geothermal and thermal power projects. Through its distribution business, Enel Chile delivers electricity to customers in the Santiago metropolitan area and other parts of Chile, while also developing solutions related to electrification, energy efficiency and distributed energy resources.

Enel Chile is part of the Enel Group, a global energy company headquartered in Italy.