FY2024 Earnings Forecast for Enel Chile Issued By Scotiabank

Enel Chile S.A. (NYSE:ENIC) – Research analysts at Scotiabank raised their FY2024 earnings per share estimates for shares of Enel Chile in a research report issued on Wednesday, January 8th. Scotiabank analyst T. Gonzalez now expects that the utilities provider will earn $0.45 per share for the year, up from their previous estimate of $0.36. Scotiabank has a “Sector Perform” rating and a $3.90 price objective on the stock. The consensus estimate for Enel Chile’s current full-year earnings is $0.36 per share. Scotiabank also issued estimates for Enel Chile’s FY2026 earnings at $0.38 EPS.

Enel Chile Stock Performance

Shares of ENIC stock opened at $2.88 on Friday. The firm’s 50 day moving average price is $2.81 and its two-hundred day moving average price is $2.78. The stock has a market cap of $3.98 billion, a PE ratio of 4.72 and a beta of 1.16. Enel Chile has a 52-week low of $2.51 and a 52-week high of $3.24.

Hedge Funds Weigh In On Enel Chile

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Walleye Capital LLC bought a new position in shares of Enel Chile during the 3rd quarter valued at about $1,023,000. Stifel Financial Corp lifted its holdings in shares of Enel Chile by 644.7% during the 3rd quarter. Stifel Financial Corp now owns 208,509 shares of the utilities provider’s stock valued at $582,000 after purchasing an additional 180,509 shares in the last quarter. Marshall Wace LLP bought a new stake in Enel Chile in the 2nd quarter valued at approximately $474,000. Public Employees Retirement System of Ohio bought a new stake in Enel Chile in the 3rd quarter valued at approximately $453,000. Finally, Blue Trust Inc. lifted its stake in Enel Chile by 162.4% in the 3rd quarter. Blue Trust Inc. now owns 204,665 shares of the utilities provider’s stock valued at $573,000 after acquiring an additional 126,657 shares in the last quarter. Institutional investors 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.