Enel Chile S.A. (NYSE:ENIC - Get Free Report)'s stock price rose 2.9% on Tuesday . The stock traded as high as $3.08 and last traded at $2.98. Approximately 949,504 shares were traded during trading, an increase of 96% from the average daily volume of 484,854 shares. The stock had previously closed at $2.89.
Wall Street Analysts Forecast Growth
Separately, StockNews.com cut shares of Enel Chile from a "buy" rating to a "hold" rating in a report on Monday, March 3rd.
Read Our Latest Report on ENIC
Enel Chile Trading Up 1.5 %
The firm has a market capitalization of $4.28 billion, a PE ratio of 5.07 and a beta of 0.99. The company has a fifty day moving average price of $3.30 and a two-hundred day moving average price of $2.99.
Institutional Investors Weigh In On Enel Chile
Several large investors have recently modified their holdings of ENIC. Advisors Preferred LLC purchased a new stake in Enel Chile in the 4th quarter valued at $25,000. Intelligence Driven Advisers LLC acquired a new position in Enel Chile in the fourth quarter valued at $31,000. GAMMA Investing LLC boosted its stake in shares of Enel Chile by 318.6% during the first quarter. GAMMA Investing LLC now owns 9,365 shares of the utilities provider's stock worth $31,000 after buying an additional 7,128 shares during the period. Caprock Group LLC purchased a new position in shares of Enel Chile during the fourth quarter worth about $32,000. Finally, Wealthstream Advisors Inc. acquired a new position in Enel Chile in the 4th quarter valued at about $37,000. 3.20% of the stock is owned by institutional investors and hedge funds.
Enel Chile Company Profile
(
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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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