JPMorgan Chase & Co. Has $3.62 Million Holdings in Enel Chile S.A. (NYSE:ENIC)

JPMorgan Chase & Co. grew its position in Enel Chile S.A. (NYSE:ENIC - Free Report) by 56.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,256,695 shares of the utilities provider's stock after acquiring an additional 451,482 shares during the period. JPMorgan Chase & Co. owned about 0.09% of Enel Chile worth $3,619,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ENIC. Advisors Preferred LLC purchased a new position in Enel Chile during the fourth quarter worth approximately $25,000. Intelligence Driven Advisers LLC acquired a new stake in shares of Enel Chile during the fourth quarter worth approximately $31,000. Caprock Group LLC acquired a new stake in shares of Enel Chile in the 4th quarter valued at about $32,000. Wealthstream Advisors Inc. bought a new position in Enel Chile during the 4th quarter worth approximately $37,000. Finally, Truist Financial Corp acquired a new position in Enel Chile in the fourth quarter worth $38,000. Institutional investors and hedge funds own 3.20% of the company's stock.

Enel Chile Stock Performance

Shares of ENIC stock traded up $0.03 during midday trading on Wednesday, reaching $3.38. 423,032 shares of the company were exchanged, compared to its average volume of 497,105. The company's 50 day moving average price is $3.30 and its two-hundred day moving average price is $3.01. The company has a market cap of $4.68 billion, a P/E ratio of 5.54 and a beta of 0.99. Enel Chile S.A. has a 12 month low of $2.51 and a 12 month high of $3.50.

Wall Street Analyst Weigh In

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

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.