Enel Chile (NYSE:ENIC) Stock Price Down 2.6%

Enel Chile S.A. (NYSE:ENIC) traded down 2.6% during mid-day trading on Tuesday . The stock traded as low as $2.64 and last traded at $2.64. 146,345 shares traded hands during mid-day trading, a decline of 72% from the average session volume of 521,644 shares. The stock had previously closed at $2.71.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Enel Chile from a “hold” rating to a “buy” rating in a research note on Friday, August 9th.

Enel Chile Stock Down 3.7 %

The firm has a market cap of $3.61 billion, a price-to-earnings ratio of 5.06 and a beta of 1.16. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.85 and a quick ratio of 0.83. The firm’s fifty day moving average is $2.77 and its two-hundred day moving average is $2.88.

Enel Chile (NYSE:ENIC) last released its earnings results on Thursday, July 25th. The utilities provider reported $0.08 earnings per share (EPS) for the quarter. Enel Chile had a return on equity of 61.15% and a net margin of 18.01%. The firm had revenue of $1.35 billion for the quarter.

Institutional Trading of Enel Chile

Several large investors have recently added to or reduced their stakes in ENIC. Victory Capital Management Inc. purchased a new stake in shares of Enel Chile during the fourth quarter worth $197,000. Quadrant Capital Group LLC raised 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 purchasing an additional 6,839 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of Enel Chile in the 4th quarter valued at approximately $71,000. PNC Financial Services Group Inc. increased its holdings in Enel Chile by 348.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 83,940 shares of the utilities provider’s stock worth $272,000 after buying an additional 65,212 shares during the last quarter. Finally, Balentine LLC acquired a new stake in Enel Chile in the fourth quarter valued at approximately $68,000. 3.20% of the stock is owned by institutional investors and hedge funds.

Enel Chile Company Profile

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.