StockNews.com Downgrades Enel Chile (NYSE:ENIC) to Hold
Enel Chile (NYSE:ENIC – Get Free Report) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.
Enel Chile Trading Up 1.7 %
Shares of ENIC stock traded up $0.05 during trading hours on Wednesday, reaching $3.39. 763,886 shares of the company’s stock were exchanged, compared to its average volume of 976,426. The stock’s 50 day moving average is $3.03 and its 200-day moving average is $3.17. Enel Chile has a fifty-two week low of $1.94 and a fifty-two week high of $3.89. The company has a market cap of $4.68 billion, a price-to-earnings ratio of 3.05 and a beta of 1.09.
Enel Chile (NYSE:ENIC – Get Free Report) last posted its quarterly earnings data on Thursday, November 2nd. The utilities provider reported $0.14 EPS for the quarter. The business had revenue of $1.24 billion during the quarter. Enel Chile had a net margin of 26.84% and a return on equity of 127.33%.
Institutional Investors Weigh In On Enel Chile
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Osaic Holdings Inc. grew its holdings in Enel Chile by 429.2% during the second quarter. Osaic Holdings Inc. now owns 7,790 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 6,318 shares during the period. Tower Research Capital LLC TRC purchased a new stake in Enel Chile during the third quarter worth $26,000. Sonen Capital LLC acquired a new stake in Enel Chile during the second quarter valued at $35,000. Intelligence Driven Advisers LLC acquired a new position in shares of Enel Chile in the second quarter worth about $35,000. Finally, LPL Financial LLC purchased a new stake in shares of Enel Chile during the 4th quarter worth about $25,000. 3.14% of the stock is owned by institutional investors and hedge funds.
Enel Chile Company Profile (Get Free Report)
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.
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Original: MarketBeat News Feed: StockNews.com Downgrades Enel Chile (NYSE:ENIC) to Hold