Creative Planning Sells 20,062 Shares of Enel Chile S.A. (NYSE:ENIC)

Creative Planning cut its holdings in shares of Enel Chile S.A. (NYSE:ENIC) by 17.0% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 97,980 shares of the utilities provider’s stock after selling 20,062 shares during the period. Creative Planning’s holdings in Enel Chile were worth $273,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Cubist Systematic Strategies LLC lifted its holdings in shares of Enel Chile by 1,114,700.0% in the second quarter. Cubist Systematic Strategies LLC now owns 11,148 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 11,147 shares in the last quarter. Marshall Wace LLP bought a new stake in shares of Enel Chile in the second quarter valued at about $474,000. Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Enel Chile by 26.8% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 60,714 shares of the utilities provider’s stock valued at $170,000 after purchasing an additional 12,821 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Enel Chile by 1.0% in the second quarter. Renaissance Technologies LLC now owns 2,432,488 shares of the utilities provider’s stock valued at $6,811,000 after purchasing an additional 24,900 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Enel Chile by 5.7% in the second quarter. Dimensional Fund Advisors LP now owns 527,097 shares of the utilities provider’s stock valued at $1,476,000 after purchasing an additional 28,252 shares in the last quarter. 3.20% of the stock is currently owned by institutional investors.

Enel Chile Stock Performance

NYSE:ENIC opened at $2.81 on Friday. The stock’s 50-day simple moving average is $2.72 and its 200 day simple moving average is $2.82. The company has a market cap of $3.89 billion, a P/E ratio of 4.61 and a beta of 1.16. Enel Chile S.A. has a 52-week low of $2.51 and a 52-week high of $3.53.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on ENIC shares. StockNews.com upgraded Enel Chile from a “hold” rating to a “buy” rating in a report on Friday, August 9th. Scotiabank lowered their target price on Enel Chile from $4.40 to $3.90 and set a “sector outperform” rating on the stock in a research report on Wednesday, October 30th.

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.