690,017 Shares in Enel Chile S.A. $ENIC Acquired by Banco BTG Pactual S.A.

Banco BTG Pactual S.A. acquired a new position in Enel Chile S.A. (NYSE:ENIC) in the fourth quarter, Holdings Channel reports. The firm acquired 690,017 shares of the utilities provider’s stock, valued at approximately $2,774,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Brandes Investment Partners LP boosted its stake in Enel Chile by 2.3% in the 4th quarter. Brandes Investment Partners LP now owns 5,270,748 shares of the utilities provider’s stock worth $21,188,000 after purchasing an additional 120,905 shares during the period. LPL Financial LLC boosted its stake in shares of Enel Chile by 28.4% during the 4th quarter. LPL Financial LLC now owns 133,790 shares of the utilities provider’s stock valued at $538,000 after buying an additional 29,594 shares during the period. Cibc World Market Inc. acquired a new stake in shares of Enel Chile during the 4th quarter valued at $40,000. Greenspring Advisors LLC acquired a new stake in shares of Enel Chile during the 4th quarter valued at $78,000. Finally, Eurizon Capital SGR S.p.A. acquired a new stake in shares of Enel Chile during the 4th quarter valued at $142,000. Institutional investors and hedge funds own 3.20% of the company’s stock.

Analyst Ratings Changes

ENIC has been the subject of a number of research reports. Scotiabank raised shares of Enel Chile to a “strong-buy” rating in a research note on Thursday, April 23rd. Btg Pactual set a $5.00 target price on shares of Enel Chile in a research note on Friday, May 8th. Wall Street Zen lowered shares of Enel Chile from a “strong-buy” rating to a “hold” rating in a research note on Sunday, May 10th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Enel Chile in a research note on Monday, April 20th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $4.65.

Enel Chile Trading Up 3.9%

Enel Chile stock opened at $4.40 on Friday. The company has a market capitalization of $6.08 billion, a P/E ratio of 11.27 and a beta of 1.03. The firm’s fifty day simple moving average is $4.35 and its 200-day simple moving average is $4.18. Enel Chile S.A. has a 1-year low of $3.10 and a 1-year high of $4.74.

Enel Chile (NYSE:ENIC) last released its quarterly earnings results on Tuesday, March 31st. The utilities provider reported $0.12 earnings per share for the quarter. The business had revenue of $1.20 billion for the quarter. Enel Chile had a net margin of 11.04% and a return on equity of 9.50%. On average, equities research analysts predict that Enel Chile S.A. will post 0.46 earnings per share for the current 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.