Enel Chile (NYSE:ENIC) Sets New 12-Month High - Here's What Happened

Enel Chile S.A. (NYSE:ENIC - Get Free Report) shares reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $3.46 and last traded at $3.46, with a volume of 643726 shares changing hands. The stock had previously closed at $3.38.

Wall Street Analyst Weigh In

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 Stock Performance

The company has a market cap of $4.53 billion, a price-to-earnings ratio of 5.37 and a beta of 1.12. The business's 50 day simple moving average is $3.08 and its 200-day simple moving average is $2.86.

Enel Chile Increases Dividend

The company also recently declared a dividend, which was paid on Friday, January 17th. Investors of record on Friday, January 17th were paid a $0.0463 dividend. This is a boost 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 183.33%.

Institutional Trading of Enel Chile

Several large investors have recently added to or reduced their stakes in ENIC. Stifel Financial Corp increased its position in Enel Chile by 644.7% during the third quarter. Stifel Financial Corp now owns 208,509 shares of the utilities provider's stock worth $582,000 after buying an additional 180,509 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Enel Chile by 100.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 214,632 shares of the utilities provider's stock valued at $599,000 after acquiring an additional 107,316 shares during the last quarter. Walleye Capital LLC acquired a new stake in Enel Chile in the 3rd quarter worth approximately $1,023,000. Oppenheimer Asset Management Inc. boosted its position in Enel Chile by 52.2% during the third quarter. Oppenheimer Asset Management Inc. now owns 82,680 shares of the utilities provider's stock worth $231,000 after purchasing an additional 28,339 shares during the period. Finally, State Street Corp raised its position in shares of Enel Chile by 0.6% in the third quarter. State Street Corp now owns 2,933,466 shares of the utilities provider's stock valued at $8,184,000 after purchasing an additional 18,334 shares during the period. 3.20% of the stock is owned by institutional investors.

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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.