Blue Trust Inc. Increases Stake in Enel Chile S.A. (NYSE:ENIC)

Blue Trust Inc. grew its holdings in shares of Enel Chile S.A. (NYSE:ENIC) by 11.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 229,090 shares of the utilities provider’s stock after purchasing an additional 24,425 shares during the quarter. Blue Trust Inc.’s holdings in Enel Chile were worth $639,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of ENIC. Cubist Systematic Strategies LLC grew its stake in Enel Chile by 1,114,700.0% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 11,148 shares of the utilities provider’s stock valued at $31,000 after buying an additional 11,147 shares in the last quarter. Savvy Advisors Inc. purchased a new position in shares of Enel Chile in the third quarter valued at $52,000. Townsquare Capital LLC bought a new stake in shares of Enel Chile during the 3rd quarter valued at $65,000. International Assets Investment Management LLC boosted its stake in Enel Chile by 179.0% in the 3rd quarter. International Assets Investment Management LLC now owns 33,832 shares of the utilities provider’s stock worth $94,000 after purchasing an additional 21,706 shares during the period. Finally, Dynamic Technology Lab Private Ltd purchased a new position in Enel Chile during the 3rd quarter valued at about $100,000. Institutional investors own 3.20% of the company’s stock.

Analysts Set New Price Targets

Separately, Scotiabank lowered shares of 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.

Enel Chile Stock Performance

Shares of ENIC stock opened at $3.04 on Friday. Enel Chile S.A. has a 52-week low of $2.51 and a 52-week high of $3.24. The business’s fifty day moving average is $2.87 and its 200 day moving average is $2.79. The company has a market capitalization of $4.20 billion, a PE ratio of 4.98 and a beta of 1.11.

Enel Chile Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, January 17th. Stockholders of record on Friday, January 17th were issued a dividend of $0.0463 per share. This is a positive change from Enel Chile’s previous dividend of $0.03. The ex-dividend date of this dividend was Friday, January 17th. Enel Chile’s payout ratio is presently 37.70%.

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.