Analysts Set Enel Chile S.A. (NYSE:ENIC) Price Target at $4.65

Enel Chile S.A. (NYSE:ENIC) has received a consensus rating of “Moderate Buy” from the six research firms that are currently covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $4.65.

ENIC has been the subject of a number of research analyst reports. Scotiabank upgraded shares of Enel Chile to a “strong-buy” rating in a research note on Thursday, April 23rd. Btg Pactual set a $5.00 target price on shares of Enel Chile in a research report on Friday, May 8th. Itau BBA Securities lowered shares of Enel Chile to a “market perform” rating in a research note on Friday, July 10th. Wall Street Zen downgraded Enel Chile from a “strong-buy” rating to a “hold” rating in a research note on Sunday, May 10th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Enel Chile in a research report on Friday, July 17th.

Hedge Funds Weigh In On Enel Chile

Institutional investors have recently made changes to their positions in the business. PNC Financial Services Group Inc. grew its position in Enel Chile by 4.8% during the first quarter. PNC Financial Services Group Inc. now owns 50,227 shares of the utilities provider’s stock valued at $198,000 after buying an additional 2,288 shares during the period. Envestnet Portfolio Solutions Inc. raised its position in Enel Chile by 20.0% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 17,031 shares of the utilities provider’s stock worth $68,000 after acquiring an additional 2,840 shares during the period. First Trust Advisors LP boosted its stake in shares of Enel Chile by 21.1% during the 4th quarter. First Trust Advisors LP now owns 17,696 shares of the utilities provider’s stock worth $71,000 after acquiring an additional 3,086 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Enel Chile by 4.4% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 112,024 shares of the utilities provider’s stock worth $450,000 after purchasing an additional 4,708 shares in the last quarter. Finally, Arax Advisory Partners raised its holdings in Enel Chile by 320.4% in 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 period. Institutional investors own 3.20% of the company’s stock.

Enel Chile Price Performance

Shares of NYSE:ENIC opened at $4.37 on Tuesday. Enel Chile has a 1 year low of $3.10 and a 1 year high of $4.74. The company has a market cap of $6.04 billion, a P/E ratio of 11.19 and a beta of 1.02. The stock’s fifty day moving average price is $4.38 and its 200-day moving average price is $4.30.

Enel Chile (NYSE:ENIC) last released its quarterly earnings data on Tuesday, March 31st. The utilities provider reported $0.12 EPS for the quarter. The company had revenue of $1.20 billion during the quarter. Enel Chile had a return on equity of 9.50% and a net margin of 11.04%. On average, sell-side analysts anticipate that Enel Chile will post 0.46 earnings per share for the current year.

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.