Enel Chile (NYSE:ENIC) Shares Up 4.8% - What's Next?

Shares of Enel Chile S.A. (NYSE:ENIC - Get Free Report) traded up 4.8% during mid-day trading on Tuesday . The company traded as high as $3.44 and last traded at $3.43. 735,371 shares were traded during trading, an increase of 20% from the average session volume of 613,460 shares. The stock had previously closed at $3.27.

Wall Street Analyst Weigh In

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

Enel Chile Trading Down 7.6 %

The firm has a market cap of $4.28 billion, a PE ratio of 5.07 and a beta of 0.99. The firm's 50 day simple moving average is $3.30 and its 200 day simple moving average is $2.97.

Hedge Funds Weigh In On Enel Chile

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Advisors Preferred LLC purchased a new position in Enel Chile during the 4th quarter valued at $25,000. Intelligence Driven Advisers LLC bought a new stake in shares of Enel Chile during the fourth quarter valued at approximately $31,000. Caprock Group LLC purchased a new stake in shares of Enel Chile in the 4th quarter worth $32,000. Wealthstream Advisors Inc. bought a new position in Enel Chile during the 4th quarter worth about $37,000. Finally, Truist Financial Corp purchased a new position in Enel Chile during the fourth quarter valued at approximately $38,000. Hedge funds and other institutional investors own 3.20% of the company's stock.

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.