Enel Chile (NYSE:ENIC) Stock Price Down 3.4%

Enel Chile S.A. (NYSE:ENIC)’s share price traded down 3.4% during trading on Friday . The company traded as low as $2.53 and last traded at $2.53. 85,216 shares changed hands during mid-day trading, a decline of 84% from the average session volume of 519,276 shares. The stock had previously closed at $2.62.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Enel Chile from a “hold” rating to a “buy” rating in a research note on Friday, August 9th.

Enel Chile Stock Down 1.5 %

The business’s 50 day moving average is $2.79 and its 200 day moving average is $2.90. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.83 and a current ratio of 0.85. The stock has a market cap of $3.57 billion, a price-to-earnings ratio of 4.96 and a beta of 1.17.

Enel Chile (NYSE:ENIC) last issued its earnings results on Thursday, July 25th. The utilities provider reported $0.08 earnings per share (EPS) for the quarter. The company had revenue of $1.35 billion during the quarter. Enel Chile had a net margin of 18.01% and a return on equity of 61.15%.

Institutional Investors Weigh In On Enel Chile

A number of institutional investors have recently modified their holdings of ENIC. Teachers Retirement System of The State of Kentucky acquired a new stake in shares of Enel Chile during the 4th quarter valued at $3,398,000. Brandes Investment Partners LP raised 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 purchasing an additional 789,016 shares in the last quarter. Hantz Financial Services Inc. bought a new position in shares of Enel Chile during the 2nd quarter valued at $786,000. Capital Wealth Planning LLC raised its holdings in shares of Enel Chile by 267.4% during the 4th quarter. Capital Wealth Planning LLC now owns 257,155 shares of the utilities provider’s stock valued at $833,000 after purchasing an additional 187,155 shares in the last quarter. Finally, Marshall Wace LLP bought a new position in shares of Enel Chile during the 2nd quarter valued at $474,000. Institutional investors and hedge funds own 3.20% of the company’s stock.

Enel Chile Company Profile

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.