Enel Chile (NYSE:ENIC) Sets New 1-Year High - Should You Buy?

Enel Chile S.A. (NYSE:ENIC - Get Free Report)'s share price reached a new 52-week high during trading on Friday . The stock traded as high as $3.28 and last traded at $3.26, with a volume of 99120 shares changing hands. The stock had previously closed at $3.21.

Wall Street Analysts Forecast Growth

Separately, Scotiabank lowered Enel Chile from a "sector outperform" rating to a "sector perform" rating and set a $3.90 target price on the stock. in a research report on Friday, November 22nd.

Enel Chile Price Performance

The stock has a market capitalization of $4.46 billion, a price-to-earnings ratio of 5.29 and a beta of 1.12. The company has a 50-day simple moving average of $2.92 and a two-hundred day simple moving average of $2.80.

Enel Chile Increases Dividend

The company also recently announced a dividend, which was paid on Friday, January 17th. Investors 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 payout ratio is presently 36.07%.

Institutional Investors Weigh In On Enel Chile

Institutional investors have recently bought and sold shares of the business. Walleye Capital LLC acquired a new stake in shares of Enel Chile during the 3rd quarter valued at about $1,023,000. Helikon Investments Ltd lifted its holdings in shares of Enel Chile by 14.7% during the 4th quarter. Helikon Investments Ltd now owns 2,112,723 shares of the utilities provider's stock valued at $6,085,000 after buying an additional 270,545 shares during the last quarter. Lingohr Asset Management GmbH acquired a new stake in shares of Enel Chile during the 4th quarter valued at about $682,000. Stifel Financial Corp lifted its holdings in shares of Enel Chile by 644.7% during the 3rd quarter. Stifel Financial Corp now owns 208,509 shares of the utilities provider's stock valued at $582,000 after buying an additional 180,509 shares during the last quarter. Finally, Public Employees Retirement System of Ohio bought a new position in shares of Enel Chile in the 3rd quarter valued at approximately $453,000. 3.20% of the stock is currently owned by institutional investors and hedge funds.

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.