Enel Chile (NYSE:ENIC) Reaches New 1-Year Low at $2.58

Enel Chile S.A. (NYSE:ENIC)’s share price reached a new 52-week low during mid-day trading on Monday . The company traded as low as $2.58 and last traded at $2.62, with a volume of 107718 shares traded. The stock had previously closed at $2.74.

Enel Chile Price Performance

The stock has a market capitalization of $3.65 billion, a P/E ratio of 5.02 and a beta of 1.17. The business has a fifty day simple moving average of $2.84 and a 200-day simple moving average of $2.92. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.83 and a current ratio of 0.85.

Enel Chile Increases Dividend

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

Hedge Funds Weigh In On Enel Chile

A number of large investors have recently modified their holdings of ENIC. Hantz Financial Services Inc. bought a new position in Enel Chile during the 2nd quarter valued at $786,000. Helikon Investments Ltd lifted its stake in Enel Chile by 4.7% during the 2nd quarter. Helikon Investments Ltd now owns 1,842,178 shares of the utilities provider’s stock valued at $5,158,000 after acquiring an additional 82,734 shares in the last quarter. Adero Partners LLC lifted its stake in Enel Chile by 119.0% during the 2nd quarter. Adero Partners LLC now owns 34,924 shares of the utilities provider’s stock valued at $98,000 after acquiring an additional 18,974 shares in the last quarter. Wealthstream Advisors Inc. bought a new position in Enel Chile during the 2nd quarter valued at $29,000. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its stake in Enel Chile by 2.7% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 417,347 shares of the utilities provider’s stock valued at $1,169,000 after acquiring an additional 11,000 shares in the last quarter. 3.20% of the stock is currently owned by institutional investors.

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.