Drive Wealth Management LLC Sells 8,245 Shares of Enel Chile S.A. (NYSE:ENIC)

Drive Wealth Management LLC decreased its stake in shares of Enel Chile S.A. (NYSE:ENIC) by 26.6% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 22,786 shares of the utilities provider’s stock after selling 8,245 shares during the period. Drive Wealth Management LLC’s holdings in Enel Chile were worth $64,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. Creative Planning lifted its position in Enel Chile by 3.8% during the 2nd quarter. Creative Planning now owns 118,042 shares of the utilities provider’s stock worth $331,000 after acquiring an additional 4,323 shares during the last quarter. Inspire Advisors LLC lifted its position in shares of Enel Chile by 9.9% during the 3rd quarter. Inspire Advisors LLC now owns 54,622 shares of the utilities provider’s stock worth $152,000 after purchasing an additional 4,903 shares during the last quarter. Lesa Sroufe & Co boosted its stake in Enel Chile by 0.8% during the 2nd quarter. Lesa Sroufe & Co now owns 700,000 shares of the utilities provider’s stock valued at $1,960,000 after purchasing an additional 5,852 shares during the period. Wealthstream Advisors Inc. bought a new position in Enel Chile in the 2nd quarter worth approximately $29,000. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in shares of Enel Chile by 2.7% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 417,347 shares of the utilities provider’s stock worth $1,169,000 after buying an additional 11,000 shares during the last quarter. 3.20% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on ENIC shares. StockNews.com upgraded shares of Enel Chile from a “hold” rating to a “buy” rating in a research note on Friday, August 9th. Scotiabank dropped their price objective on shares of Enel Chile from $4.40 to $3.90 and set a “sector outperform” rating on the stock in a report on Wednesday, October 30th.

Enel Chile Trading Up 1.5 %

Shares of NYSE:ENIC opened at $2.75 on Tuesday. The firm has a market capitalization of $3.80 billion, a PE ratio of 4.49 and a beta of 1.16. Enel Chile S.A. has a 1-year low of $2.51 and a 1-year high of $3.53. The business’s 50 day moving average is $2.73 and its 200-day moving average is $2.81.

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.