Enel Chile S.A. (NYSE:ENIC) Receives $4.30 Consensus Price Target from Analysts

Enel Chile S.A. (NYSE:ENIC) has been assigned a consensus rating of “Moderate Buy” from the six brokerages that are currently covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $4.65.

Several research analysts have commented on the company. Scotiabank raised Enel Chile to a “strong-buy” rating in a research report on Thursday, April 23rd. Santander downgraded Enel Chile to a “neutral” rating in a research report on Wednesday, January 28th. Wall Street Zen downgraded Enel Chile from a “strong-buy” rating to a “hold” rating in a research report on Sunday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Enel Chile in a research report on Monday, April 20th. Finally, Btg Pactual set a $5.00 target price on Enel Chile in a research note on Friday, May 8th.

Institutional Inflows and Outflows

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

Enel Chile Stock Down 0.8%

Shares of NYSE ENIC opened at $4.49 on Thursday. The business’s 50 day moving average is $4.23 and its two-hundred day moving average is $4.12. The company has a market cap of $6.20 billion, a P/E ratio of 11.50 and a beta of 1.06. Enel Chile has a 12 month low of $3.10 and a 12 month high of $4.74.

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

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.