Enel Chile S.A. (NYSE:ENIC) Receives Consensus Rating of “Hold” from Analysts

Shares of Enel Chile S.A. (NYSE:ENIC) have earned an average rating of “Hold” from the five brokerages that are presently covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $4.30.

Several equities analysts have commented on ENIC shares. Zacks Research raised shares of Enel Chile to a “hold” rating in a research report on Monday, December 15th. Morgan Stanley reiterated an “overweight” rating and issued a $4.30 price objective on shares of Enel Chile in a research note on Friday, December 12th. Weiss Ratings reissued a “hold (c)” rating on shares of Enel Chile in a research note on Wednesday, January 21st. Santander lowered Enel Chile to a “neutral” rating in a research report on Wednesday, January 28th. Finally, Wall Street Zen upgraded Enel Chile from a “hold” rating to a “buy” rating in a research note on Sunday, March 15th.

Enel Chile Stock Down 0.4%

NYSE ENIC opened at $3.98 on Wednesday. The stock has a 50-day moving average of $4.19 and a two-hundred day moving average of $3.99. Enel Chile has a 1-year low of $2.85 and a 1-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 the consensus estimate of $0.15 by ($0.01). Enel Chile had a return on equity of 9.81% and a net margin of 11.53%.The business had revenue of $2.37 billion for the quarter, compared to analyst estimates of $1.21 million. On average, sell-side analysts forecast that Enel Chile will post 0.45 EPS for the current year.

Institutional Investors Weigh In On Enel Chile

Large investors have recently modified their holdings of the company. Arax Advisory Partners lifted its position in shares of Enel Chile by 320.4% during the 4th quarter. Arax Advisory Partners now owns 7,652 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 5,832 shares during the last quarter. Savant Capital LLC acquired a new stake in Enel Chile in the second quarter valued at $37,000. Cibc World Market Inc. purchased a new stake in Enel Chile during the 4th quarter worth about $40,000. Foster Group Inc. acquired a new position in shares of Enel Chile during the 3rd quarter worth about $42,000. Finally, MML Investors Services LLC purchased a new position in shares of Enel Chile in the 4th quarter valued at about $43,000. 3.20% of the stock is owned by hedge funds and other institutional investors.

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.