Enel Chile (NYSE:ENIC) Reaches New 12-Month High – Still a Buy?

Enel Chile S.A. (NYSE:ENIC)’s stock price reached a new 52-week high on Saturday . The stock traded as high as $4.42 and last traded at $4.3850, with a volume of 400707 shares. The stock had previously closed at $4.37.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Morgan Stanley reiterated an “overweight” rating and issued a $4.30 price objective on shares of Enel Chile in a report on Friday, December 12th. Zacks Research raised shares of Enel Chile to a “hold” rating in a research note on Monday, December 15th. Weiss Ratings reissued a “hold (c)” rating on shares of Enel Chile in a research note on Wednesday. Finally, Wall Street Zen raised Enel Chile from a “hold” rating to a “buy” rating in a research report on Sunday, November 30th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Enel Chile presently has an average rating of “Hold” and an average price target of $4.30.

Enel Chile Stock Performance

The stock has a market capitalization of $6.07 billion, a price-to-earnings ratio of 73.10 and a beta of 0.97. The stock has a fifty day simple moving average of $4.01 and a two-hundred day simple moving average of $3.75.

Enel Chile (NYSE:ENIC) last issued its earnings results on Wednesday, October 29th. The utilities provider reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.03). Enel Chile had a net margin of 1.75% and a return on equity of 1.23%. The firm had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.16 billion. Research analysts forecast that Enel Chile S.A. will post 0.45 earnings per share for the current year.

Institutional Investors Weigh In On Enel Chile

Several large investors have recently modified their holdings of the stock. Savant Capital LLC bought a new stake in shares of Enel Chile in the 2nd quarter worth approximately $37,000. Foster Group Inc. purchased a new stake in Enel Chile in the third quarter worth $42,000. Caprock Group LLC bought a new stake in shares of Enel Chile in the third quarter valued at $48,000. Envestnet Portfolio Solutions Inc. bought a new position in shares of Enel Chile during the 3rd quarter worth $55,000. Finally, Sowell Financial Services LLC purchased a new stake in Enel Chile in the 4th quarter worth about $57,000. Hedge funds and other institutional investors own 3.20% of the company’s stock.

About Enel Chile

Enel Chile SA, traded as ENIC on the NYSE, is one of Chile’s leading integrated electric utilities, with core businesses spanning electricity generation, transmission and distribution. The company serves a diverse customer base that includes residential, commercial and industrial users, striving to deliver reliable power across both urban and rural regions.

In its generation segment, Enel Chile operates a balanced portfolio of assets, including hydroelectric plants, thermal power stations and an expanding suite of renewable energy facilities such as wind and solar farms.