Lingohr Asset Management GmbH Acquires Shares of 243,000 Enel Chile S.A. (NYSE:ENIC)

Lingohr Asset Management GmbH acquired a new stake in Enel Chile S.A. (NYSE:ENIC) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 243,000 shares of the utilities provider’s stock, valued at approximately $682,000. Enel Chile makes up about 1.4% of Lingohr Asset Management GmbH’s portfolio, making the stock its 26th largest holding.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ENIC. Advisors Preferred LLC bought a new stake in shares of Enel Chile during the 4th quarter worth $25,000. Intelligence Driven Advisers LLC bought a new stake in shares of Enel Chile during the 4th quarter worth $31,000. Caprock Group LLC bought a new stake in shares of Enel Chile during the 4th quarter worth $32,000. Wealthstream Advisors Inc. bought a new stake in shares of Enel Chile during the 4th quarter worth $37,000. Finally, Truist Financial Corp bought a new stake in shares of Enel Chile during the 4th quarter worth $38,000. 3.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Scotiabank downgraded Enel Chile from a “sector outperform” rating to a “sector perform” rating and set a $3.90 price objective for the company. in a research report on Friday, November 22nd. StockNews.com downgraded Enel Chile from a “buy” rating to a “hold” rating in a research report on Monday, March 3rd.

Enel Chile Trading Up 1.0 %

Shares of ENIC stock opened at $3.45 on Thursday. The stock has a market cap of $4.77 billion, a price-to-earnings ratio of 5.65 and a beta of 1.12. The stock has a 50-day moving average of $3.21 and a 200-day moving average of $2.92. Enel Chile S.A. has a 1-year low of $2.51 and a 1-year high of $3.50.

Enel Chile 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.