Teachers Retirement System of The State of Kentucky Invests $3.40 Million in Enel Chile S.A. (NYSE:ENIC)

Teachers Retirement System of The State of Kentucky acquired a new stake in shares of Enel Chile S.A. (NYSE:ENIC) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,048,700 shares of the utilities provider’s stock, valued at approximately $3,398,000. Teachers Retirement System of The State of Kentucky owned about 0.08% of Enel Chile as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Brandes Investment Partners LP increased its holdings in shares of Enel Chile by 28.2% during the 4th quarter. Brandes Investment Partners LP now owns 3,586,182 shares of the utilities provider’s stock valued at $11,619,000 after acquiring an additional 789,016 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Enel Chile by 48.0% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,193,678 shares of the utilities provider’s stock valued at $3,533,000 after acquiring an additional 387,133 shares during the last quarter. AQR Capital Management LLC increased its holdings in shares of Enel Chile by 408.3% during the 3rd quarter. AQR Capital Management LLC now owns 2,852,008 shares of the utilities provider’s stock valued at $8,442,000 after acquiring an additional 2,290,952 shares during the last quarter. Cerity Partners LLC increased its holdings in shares of Enel Chile by 13.6% during the 4th quarter. Cerity Partners LLC now owns 97,660 shares of the utilities provider’s stock valued at $316,000 after acquiring an additional 11,670 shares during the last quarter. Finally, Team Hewins LLC acquired a new stake in Enel Chile in the 4th quarter valued at approximately $198,000. Institutional investors and hedge funds own 3.20% of the company’s stock.

Enel Chile Stock Performance

ENIC opened at $2.81 on Wednesday. The firm has a market capitalization of $3.88 billion, a P/E ratio of 5.39 and a beta of 1.17. The stock’s 50 day moving average price is $2.97 and its two-hundred day moving average price is $3.02. The company has a quick ratio of 0.83, a current ratio of 0.85 and a debt-to-equity ratio of 0.05. Enel Chile S.A. has a 12-month low of $2.68 and a 12-month high of $3.89.

Enel Chile (NYSE:ENIC) last released its earnings results on Tuesday, April 30th. The utilities provider reported $0.11 earnings per share (EPS) for the quarter. The firm had revenue of $1.11 billion for the quarter. Enel Chile had a return on equity of 51.15% and a net margin of 15.66%.

Enel Chile Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Wednesday, May 22nd. Shareholders of record on Friday, January 1st were issued a $0.2093 dividend. The ex-dividend date was Wednesday, May 22nd. This represents a yield of 7.3%. This is a positive change from Enel Chile’s previous semi-annual dividend of $0.03. Enel Chile’s dividend payout ratio (DPR) is 40.39%.

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.