Blue Trust Inc. Sells 160,450 Shares of Enel Chile S.A. (NYSE:ENIC)

Blue Trust Inc. lowered its position in Enel Chile S.A. (NYSE:ENIC - Free Report) by 78.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 44,215 shares of the utilities provider's stock after selling 160,450 shares during the period. Blue Trust Inc.'s holdings in Enel Chile were worth $127,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. State Street Corp boosted its holdings in Enel Chile by 0.6% in the third quarter. State Street Corp now owns 2,933,466 shares of the utilities provider's stock worth $8,184,000 after acquiring an additional 18,334 shares in the last quarter. Helikon Investments Ltd raised its stake in shares of Enel Chile by 14.7% in the fourth quarter. Helikon Investments Ltd now owns 2,112,723 shares of the utilities provider's stock worth $6,085,000 after purchasing an additional 270,545 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Enel Chile by 1.9% in the third quarter. JPMorgan Chase & Co. now owns 805,213 shares of the utilities provider's stock worth $2,247,000 after purchasing an additional 15,250 shares during the last quarter. Walleye Capital LLC purchased a new stake in shares of Enel Chile in the third quarter worth approximately $1,023,000. Finally, Natixis Advisors LLC raised its stake in shares of Enel Chile by 43.3% in the third quarter. Natixis Advisors LLC now owns 290,531 shares of the utilities provider's stock worth $811,000 after purchasing an additional 87,773 shares during the last quarter. Institutional investors own 3.20% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Scotiabank downgraded 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 Trading Down 0.4 %

Shares of ENIC traded down $0.02 on Friday, reaching $3.39. 301,841 shares of the company's stock traded hands, compared to its average volume of 402,891. The stock has a market cap of $4.70 billion, a PE ratio of 5.55 and a beta of 1.12. The stock's 50 day simple moving average is $3.03 and its two-hundred day simple moving average is $2.84. Enel Chile S.A. has a 52-week low of $2.51 and a 52-week high of $3.43.

Enel Chile Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, January 17th were issued a dividend of $0.0463 per share. This is a positive change from Enel Chile's previous dividend of $0.03. The ex-dividend date of this dividend was Friday, January 17th. Enel Chile's dividend payout ratio is 36.07%.

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.