Arrowstreet Capital Limited Partnership Has $2.23 Million Stock Position in Enel Chile S.A. (NYSE:ENIC)

Arrowstreet Capital Limited Partnership lessened its holdings in Enel Chile S.A. (NYSE:ENIC - Free Report) by 19.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 774,434 shares of the utilities provider's stock after selling 190,150 shares during the period. Arrowstreet Capital Limited Partnership owned 0.06% of Enel Chile worth $2,230,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Advisors Preferred LLC acquired a new position in shares of Enel Chile during the 4th quarter valued at about $25,000. Intelligence Driven Advisers LLC bought a new stake in shares of Enel Chile during the 4th quarter worth $31,000. Caprock Group LLC bought a new position in Enel Chile in the 4th quarter worth $32,000. Wealthstream Advisors Inc. acquired a new position in Enel Chile during the 4th quarter worth $37,000. Finally, Truist Financial Corp bought a new stake in Enel Chile during the fourth quarter valued at about $38,000. 3.20% of the stock is owned by institutional investors and hedge funds.

Enel Chile Price Performance

ENIC stock traded up $0.10 on Tuesday, reaching $3.24. 147,044 shares of the company were exchanged, compared to its average volume of 489,828. The firm has a market capitalization of $4.48 billion, a PE ratio of 5.30 and a beta of 0.99. Enel Chile S.A. has a 12 month low of $2.51 and a 12 month high of $3.50. The stock's fifty day moving average price is $3.30 and its 200 day moving average price is $3.00.

Analysts Set New Price Targets

Separately, StockNews.com cut Enel Chile from a "buy" rating to a "hold" rating in a research report on Monday, March 3rd.

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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.