Enel Chile (NYSE:ENIC - Get Free Report) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating in a research note issued to investors on Monday.
Separately, Scotiabank cut shares of Enel Chile from a "sector outperform" rating to a "sector perform" rating and set a $3.90 target price for the company. in a report on Friday, November 22nd.
Read Our Latest Report on ENIC
Enel Chile Price Performance
Shares of ENIC traded up $0.03 during mid-day trading on Monday, reaching $3.32. The company's stock had a trading volume of 545,506 shares, compared to its average volume of 592,773. Enel Chile has a 12-month low of $2.51 and a 12-month high of $3.49. The stock has a market cap of $4.59 billion, a PE ratio of 5.43 and a beta of 1.12. The company's 50 day moving average is $3.12 and its 200 day moving average is $2.88.
Institutional Investors Weigh In On Enel Chile
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Raiffeisen Bank International AG acquired a new position in shares of Enel Chile in the 4th quarter valued at $950,000. OMERS ADMINISTRATION Corp acquired a new position in Enel Chile in the fourth quarter valued at $44,000. Millennium Management LLC raised its holdings in shares of Enel Chile by 10.1% in the fourth quarter. Millennium Management LLC now owns 669,763 shares of the utilities provider's stock valued at $1,929,000 after buying an additional 61,531 shares during the last quarter. Lazard Asset Management LLC grew its holdings in shares of Enel Chile by 9.0% during the fourth quarter. Lazard Asset Management LLC now owns 74,616 shares of the utilities provider's stock worth $214,000 after buying an additional 6,173 shares during the last quarter. Finally, Focus Partners Wealth acquired a new position in Enel Chile in the 4th quarter valued at about $42,000. Hedge funds and other institutional investors own 3.20% of the company's stock.
About Enel Chile
(
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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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