Enel Chile S.A. (NYSE:ENIC) Stock Has Consensus Price Target of $4.65

Shares of Enel Chile S.A. (NYSE:ENIC) have been assigned an average recommendation of “Hold” from the seven analysts that are covering the stock, Marketbeat Ratings reports. Five 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 12-month price target among analysts that have covered the stock in the last year is $4.65.

A number of research firms have commented on ENIC. Itau BBA Securities lowered Enel Chile to a “market perform” rating in a research note on Friday, July 10th. Weiss Ratings reissued a “hold (c)” rating on shares of Enel Chile in a research note on Thursday, October 15th. Finally, Bank of America began coverage on Enel Chile in a report on Thursday, October 15th. They set a “neutral” rating for the company.

Enel Chile Price Performance

Shares of NYSE ENIC opened at $4.38 on Thursday. The company has a market cap of $6.07 billion, a PE ratio of 10.20 and a beta of 1.12. Enel Chile has a 12 month low of $3.64 and a 12 month high of $4.74. The company has a 50-day simple moving average of $4.35 and a 200-day simple moving average of $4.33.

Enel Chile (NYSE:ENIC) last released its quarterly earnings data on Wednesday, October 28th. The utilities provider reported $0.09 EPS for the quarter, beating the consensus estimate of $0.08 by $0.01. The company had revenue of $2.42 billion for the quarter, compared to analyst estimates of $1.12 billion. Enel Chile had a return on equity of 10.28% and a net margin of 12.52%. On average, analysts anticipate that Enel Chile will post 0.48 EPS for the current year.

Institutional Trading of Enel Chile

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio bought a new position in Enel Chile in the 2nd quarter worth $886,000. Amundi bought a new position in Enel Chile during the 1st quarter valued at about $443,000. Raiffeisen Bank International AG boosted its holdings in shares of Enel Chile by 14.5% in the second quarter. Raiffeisen Bank International AG now owns 523,800 shares of the utilities provider’s stock valued at $2,326,000 after purchasing an additional 66,300 shares during the period. OneAscent Investment Solutions LLC purchased a new stake in shares of Enel Chile during the 2nd quarter worth $65,000. Finally, Bank of America Corp DE boosted its stake in Enel Chile by 872.6% in the 1st quarter. Bank of America Corp DE now owns 117,225 shares of the utilities provider’s stock worth $462,000 after purchasing an additional 105,172 shares in the last quarter. Institutional investors own 3.20% of the company’s stock.

Enel Chile Company Profile

Enel Chile SA is a Chilean electricity company and part of the global Enel Group. The company operates across the power sector, with activities that include electricity generation, distribution and the development of renewable-energy projects.

Through its generation businesses, including Enel Generación Chile and Enel Green Power Chile, Enel Chile produces electricity from a diversified mix of sources such as hydropower, solar, wind and thermal generation. Its renewable-energy operations support the development and operation of utility-scale clean-energy facilities in Chile.

Enel Chile also provides electricity distribution services through Enel Distribución Chile, serving residential, commercial and industrial customers in the Santiago metropolitan area and surrounding locations.