Brandes Investment Partners LP Sells 207,616 Shares of Enel Chile S.A. (NYSE:ENIC)

Brandes Investment Partners LP decreased its position in Enel Chile S.A. (NYSE:ENIC) by 5.4% during the second quarter, Holdings Channel reports. The fund owned 3,639,316 shares of the utilities provider’s stock after selling 207,616 shares during the period. Brandes Investment Partners LP’s holdings in Enel Chile were worth $10,170,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of ENIC. Creative Planning boosted its holdings in shares of Enel Chile by 3.8% in the second quarter. Creative Planning now owns 118,042 shares of the utilities provider’s stock worth $331,000 after buying an additional 4,323 shares during the last quarter. Cubist Systematic Strategies LLC increased its stake in shares of Enel Chile by 1,114,700.0% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 11,148 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 11,147 shares in the last quarter. Marshall Wace LLP purchased a new position in Enel Chile during the second quarter valued at $474,000. Vanguard Personalized Indexing Management LLC raised its stake 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 worth $170,000 after buying an additional 12,821 shares during the period. Finally, Renaissance Technologies LLC increased its holdings in Enel Chile by 1.0% in the 2nd quarter. Renaissance Technologies LLC now owns 2,432,488 shares of the utilities provider’s stock worth $6,811,000 after acquiring an additional 24,900 shares in the last quarter. 3.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Enel Chile Stock Up 1.1 %

ENIC opened at $2.80 on Monday. The company has a quick ratio of 0.83, a current ratio of 0.85 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $3.87 billion, a PE ratio of 5.38 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. The firm has a 50-day simple moving average of $2.73 and a two-hundred day simple moving average of $2.87.

Enel Chile (NYSE:ENIC) last released its quarterly earnings results on Thursday, July 25th. The utilities provider reported $0.08 earnings per share (EPS) for the quarter. Enel Chile had a net margin of 18.01% and a return on equity of 61.15%. The company had revenue of $1.35 billion for the quarter. Analysts forecast that Enel Chile S.A. will post 0.36 earnings per share for the current fiscal year.

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.