Enel Chile (NYSE:ENIC) Downgraded by StockNews.com to Hold

StockNews.com lowered shares of Enel Chile (NYSE:ENIC) from a buy rating to a hold rating in a research note issued to investors on Monday.

Separately, Scotiabank cut Enel Chile from a “sector outperform” rating to a “sector perform” rating and set a $3.90 price objective for the company. in a report on Friday, November 22nd.

Enel Chile Stock Performance

Enel Chile stock opened at $3.44 on Monday. Enel Chile has a fifty-two week low of $2.51 and a fifty-two week high of $3.49. The firm’s fifty day moving average price is $3.10 and its 200-day moving average price is $2.87. The stock has a market cap of $4.75 billion, a P/E ratio of 5.63 and a beta of 1.12.

Institutional Investors Weigh In On Enel Chile

Institutional investors have recently made changes to their positions in the business. Advisors Preferred LLC bought a new position in Enel Chile during the 4th quarter worth approximately $25,000. Intelligence Driven Advisers LLC purchased a new stake in shares of Enel Chile during the fourth quarter valued at approximately $31,000. Caprock Group LLC bought a new position in shares of Enel Chile in the fourth quarter worth approximately $32,000. Wealthstream Advisors Inc. purchased a new position in shares of Enel Chile in the fourth quarter worth $37,000. Finally, Truist Financial Corp bought a new stake in Enel Chile during the 4th quarter valued at $38,000. Hedge funds and other institutional investors own 3.20% of the company’s stock.

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.