Enel Chile S.A. (NYSE:ENIC) Short Interest Update

Enel Chile S.A. (NYSE:ENIC - Get Free Report) saw a significant increase in short interest during the month of December. As of December 31st, there was short interest totalling 999,100 shares, an increase of 33.0% from the December 15th total of 751,000 shares. Based on an average daily trading volume, of 375,200 shares, the days-to-cover ratio is presently 2.7 days.

Institutional Trading of Enel Chile

Hedge funds have recently added to or reduced their stakes in the company. Victory Capital Management Inc. boosted its position in Enel Chile by 42.3% during the second quarter. Victory Capital Management Inc. now owns 263,496 shares of the utilities provider's stock worth $738,000 after purchasing an additional 78,354 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Enel Chile by 5.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 527,097 shares of the utilities provider's stock valued at $1,476,000 after acquiring an additional 28,252 shares during the period. Renaissance Technologies LLC raised its position in Enel Chile by 1.0% during the second quarter. Renaissance Technologies LLC now owns 2,432,488 shares of the utilities provider's stock worth $6,811,000 after acquiring an additional 24,900 shares during the period. Vanguard Personalized Indexing Management LLC lifted its holdings in Enel Chile by 26.8% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 60,714 shares of the utilities provider's stock valued at $170,000 after purchasing an additional 12,821 shares in the last quarter. Finally, Marshall Wace LLP purchased a new stake in shares of Enel Chile during the second quarter worth about $474,000. 3.20% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Enel Chile Stock Down 1.5 %

Shares of ENIC stock traded down $0.05 on Friday, hitting $2.90. The company had a trading volume of 378,801 shares, compared to its average volume of 386,408. The company has a 50-day moving average price of $2.82 and a 200-day moving average price of $2.78. The firm has a market cap of $4.00 billion, a P/E ratio of 4.75 and a beta of 1.11. Enel Chile has a twelve month low of $2.51 and a twelve month high of $3.24.

Enel Chile Increases Dividend

The company also recently announced a dividend, which was paid on Friday, January 17th. Stockholders 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 34.43%.

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.