Enel Chile (NYSE:ENIC) Cut to Hold at StockNews.com

Enel Chile (NYSE:ENIC) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Monday.

Separately, Scotiabank downgraded shares of Enel Chile from a “sector outperform” rating to a “sector perform” rating and set a $3.90 price objective for the company. in a research note on Friday, November 22nd.

Enel Chile Stock Up 3.6 %

Shares of ENIC stock opened at $3.41 on Monday. The firm has a market cap of $4.72 billion, a PE ratio of 5.59 and a beta of 1.12. Enel Chile has a 12 month low of $2.51 and a 12 month high of $3.49. The company’s fifty day simple moving average is $3.09 and its 200-day simple moving average is $2.87.

Institutional Investors Weigh In On Enel Chile

Several large investors have recently made changes to their positions in ENIC. Advisors Preferred LLC acquired a new position in Enel Chile during the fourth quarter worth $25,000. Intelligence Driven Advisers LLC bought a new position in shares of Enel Chile in the 4th quarter valued at about $31,000. Caprock Group LLC bought a new stake in shares of Enel Chile in the 4th quarter valued at about $32,000. Wealthstream Advisors Inc. acquired a new stake in Enel Chile in the 4th quarter valued at about $37,000. Finally, Truist Financial Corp bought a new position in Enel Chile during the fourth quarter worth about $38,000. Institutional investors and hedge funds own 3.20% of the company’s stock.

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.