Enel Chile (NYSE:ENIC) Stock Rating Upgraded by Wall Street Zen

Enel Chile (NYSE:ENIC) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Sunday.

Several other equities research analysts have also weighed in on ENIC. Weiss Ratings reissued a “hold (c)” rating on shares of Enel Chile in a research report on Wednesday, January 21st. Santander lowered shares of Enel Chile to a “neutral” rating in a research note on Wednesday, January 28th. Zacks Research raised shares of Enel Chile to a “hold” rating in a report on Monday, December 15th. Finally, Morgan Stanley restated an “overweight” rating and issued a $4.30 target price on shares of Enel Chile in a report on Friday, December 12th. One investment analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $4.30.

Enel Chile Price Performance

Shares of Enel Chile stock opened at $4.08 on Friday. The business has a 50-day simple moving average of $4.22 and a 200-day simple moving average of $3.97. Enel Chile has a one year low of $2.85 and a one year high of $4.51.

Enel Chile (NYSE:ENIC) last issued its quarterly earnings results on Tuesday, March 3rd. The utilities provider reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01). Enel Chile had a return on equity of 9.81% and a net margin of 11.53%.The firm had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $1.21 million. As a group, equities research analysts forecast that Enel Chile will post 0.45 earnings per share for the current year.

Institutional Investors Weigh In On Enel Chile

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ENIC. Arax Advisory Partners grew its position in shares of Enel Chile by 320.4% during the fourth quarter. Arax Advisory Partners now owns 7,652 shares of the utilities provider’s stock worth $31,000 after acquiring an additional 5,832 shares during the last quarter. Savant Capital LLC purchased a new stake in Enel Chile in the 2nd quarter valued at $37,000. Cibc World Market Inc. acquired a new stake in Enel Chile during the 4th quarter worth $40,000. Foster Group Inc. purchased a new position in Enel Chile during the 3rd quarter worth $42,000. Finally, MML Investors Services LLC acquired a new position in Enel Chile in the fourth quarter valued at $43,000. Hedge funds and other institutional investors own 3.20% of the company’s stock.

Enel Chile Company Profile

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.