Enel Chile S.A. (NYSE:ENIC) Stock Has Consensus Price Target of $4.65 According to Analysts

Enel Chile S.A. (NYSE:ENIC) has been given a consensus recommendation of “Moderate Buy” by the six brokerages that are covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $4.65.

Several brokerages have recently issued reports on ENIC. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Enel Chile in a report on Friday, July 17th. Itau BBA Securities cut shares of Enel Chile to a “market perform” rating in a research report on Friday, July 10th.

Enel Chile Stock Up 1.3%

Shares of Enel Chile stock opened at $4.37 on Friday. Enel Chile has a twelve month low of $3.62 and a twelve month high of $4.74. The business has a 50-day moving average price of $4.40 and a 200-day moving average price of $4.36. The firm has a market cap of $6.04 billion, a price-to-earnings ratio of 10.39 and a beta of 1.02.

Enel Chile (NYSE:ENIC) last posted its earnings results on Tuesday, June 30th. The utilities provider reported $0.08 EPS for the quarter. The company had revenue of $1.07 billion for the quarter. Enel Chile had a return on equity of 10.20% and a net margin of 12.30%. On average, equities analysts expect that Enel Chile will post 0.47 EPS for the current fiscal year.

Institutional Trading of Enel Chile

Several hedge funds have recently made changes to their positions in ENIC. QRG Capital Management Inc. lifted its holdings in shares of Enel Chile by 12.1% in the 2nd quarter. QRG Capital Management Inc. now owns 38,367 shares of the utilities provider’s stock valued at $173,000 after acquiring an additional 4,128 shares during the last quarter. Sequoia Financial Advisors LLC increased its stake in Enel Chile by 48.8% during the second quarter. Sequoia Financial Advisors LLC now owns 89,652 shares of the utilities provider’s stock worth $403,000 after acquiring an additional 29,405 shares during the last quarter. Raiffeisen Bank International AG raised its position in Enel Chile by 14.5% during the second quarter. Raiffeisen Bank International AG now owns 523,800 shares of the utilities provider’s stock valued at $2,326,000 after purchasing an additional 66,300 shares during the period. Public Employees Retirement System of Ohio bought a new stake in shares of Enel Chile in the 2nd quarter valued at approximately $886,000. Finally, OneAscent Investment Solutions LLC purchased a new position in shares of Enel Chile in the 2nd quarter worth approximately $65,000. 3.20% of the stock is currently owned by hedge funds and other institutional investors.

About Enel Chile

Enel Chile SA is an electric utility company that operates across the Chilean energy sector. The company is part of the Enel Group and is headquartered in Santiago, Chile. Its American depositary receipts trade on the New York Stock Exchange under the symbol ENIC.

Enel Chile’s activities include electricity generation, transmission-related operations and power distribution. Its generation portfolio includes renewable and conventional technologies, such as hydroelectric, solar, wind and thermal power.