Enel Chile S.A. (NYSE:ENIC) Shares Purchased by Natixis Advisors LLC

Natixis Advisors LLC lifted its position in Enel Chile S.A. (NYSE:ENIC) by 43.3% during the 3rd quarter, Holdings Channel.com reports. The fund owned 290,531 shares of the utilities provider’s stock after acquiring an additional 87,773 shares during the period. Natixis Advisors LLC’s holdings in Enel Chile were worth $811,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Creative Planning increased its position in shares of Enel Chile by 3.8% in the 2nd quarter. Creative Planning now owns 118,042 shares of the utilities provider’s stock valued at $331,000 after acquiring an additional 4,323 shares during the period. Inspire Advisors LLC grew its position in Enel Chile by 9.9% during the 3rd quarter. Inspire Advisors LLC now owns 54,622 shares of the utilities provider’s stock worth $152,000 after purchasing an additional 4,903 shares during the period. Lesa Sroufe & Co grew its position in Enel Chile by 0.8% during the 2nd quarter. Lesa Sroufe & Co now owns 700,000 shares of the utilities provider’s stock worth $1,960,000 after purchasing an additional 5,852 shares during the period. Wealthstream Advisors Inc. acquired a new stake in Enel Chile during the 2nd quarter worth about $29,000. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its position in Enel Chile by 2.7% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 417,347 shares of the utilities provider’s stock worth $1,169,000 after purchasing an additional 11,000 shares during the period. 3.20% of the stock is owned by institutional investors and hedge funds.

Enel Chile Stock Up 0.7 %

ENIC stock opened at $2.69 on Thursday. The company’s 50-day simple moving average is $2.74 and its 200-day simple moving average is $2.80. Enel Chile S.A. has a 52-week low of $2.51 and a 52-week high of $3.53. The firm has a market cap of $3.72 billion, a P/E ratio of 4.38 and a beta of 1.16.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on ENIC shares. StockNews.com raised Enel Chile from a “hold” rating to a “buy” rating in a research report on Friday, August 9th. Scotiabank downgraded Enel Chile from a “sector outperform” rating to a “sector perform” rating and set a $3.90 price target on the stock. in a research report on Friday, November 22nd.

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.