Inspire Advisors LLC Grows Holdings in Enel Chile S.A. (NYSE:ENIC)

Inspire Advisors LLC grew its holdings in Enel Chile S.A. (NYSE:ENIC) by 17.2% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 49,754 shares of the utilities provider’s stock after buying an additional 7,284 shares during the period. Inspire Advisors LLC’s holdings in Enel Chile were worth $152,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the business. Adero Partners LLC boosted its holdings in Enel Chile by 48.5% in the 4th quarter. Adero Partners LLC now owns 17,289 shares of the utilities provider’s stock valued at $56,000 after purchasing an additional 5,644 shares in the last quarter. Quadrant Capital Group LLC boosted its stake in shares of Enel Chile by 28.0% during the 4th quarter. Quadrant Capital Group LLC now owns 31,264 shares of the utilities provider’s stock worth $101,000 after acquiring an additional 6,839 shares in the last quarter. Janiczek Wealth Management LLC increased its stake in Enel Chile by 161.9% in the 1st quarter. Janiczek Wealth Management LLC now owns 14,344 shares of the utilities provider’s stock valued at $44,000 after purchasing an additional 8,868 shares in the last quarter. Blue Trust Inc. boosted its position in Enel Chile by 131.9% during the fourth quarter. Blue Trust Inc. now owns 16,129 shares of the utilities provider’s stock worth $48,000 after purchasing an additional 9,174 shares in the last quarter. Finally, Cerity Partners LLC grew its holdings in Enel Chile by 13.6% in the fourth quarter. Cerity Partners LLC now owns 97,660 shares of the utilities provider’s stock valued at $316,000 after purchasing an additional 11,670 shares during the last quarter. Institutional investors and hedge funds own 3.20% of the company’s stock.

Enel Chile Price Performance

Shares of NYSE ENIC opened at $2.92 on Wednesday. The company has a current ratio of 0.85, a quick ratio of 0.83 and a debt-to-equity ratio of 0.05. The stock has a market cap of $4.03 billion, a price-to-earnings ratio of 5.61 and a beta of 1.17. The company’s 50-day moving average price is $2.92 and its 200 day moving average price is $2.94. Enel Chile S.A. has a 52 week low of $2.68 and a 52 week high of $3.89.

Enel Chile (NYSE:ENIC) last issued its quarterly earnings data on Tuesday, April 30th. The utilities provider reported $0.11 earnings per share for the quarter. Enel Chile had a net margin of 15.66% and a return on equity of 51.15%. The business had revenue of $1.11 billion during the quarter.

Enel Chile Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Wednesday, May 22nd. Investors of record on Friday, January 1st were given a dividend of $0.2093 per share. This represents a yield of 7.3%. The ex-dividend date was Wednesday, May 22nd. This is a boost from Enel Chile’s previous semi-annual dividend of $0.03. Enel Chile’s dividend payout ratio (DPR) is currently 40.39%.

About Enel Chile

Enel Chile SA, an electricity utility company, engages in the generation, transmission, and distribution of electricity in Chile. The company operates through Generation, and Distribution and Networks Segments. It generates electricity through various sources, such as hydroelectric, thermal, wind, solar, and geothermal power plants.