Enel Chile S.A. (NYSE:ENIC - Free Report) - Scotiabank boosted their FY2024 earnings per share estimates for Enel Chile in a note issued to investors on Wednesday, January 8th. Scotiabank analyst T. Gonzalez now expects that the utilities provider will earn $0.45 per share for the year, up from their previous estimate of $0.36. Scotiabank currently has a "Sector Perform" rating and a $3.90 target price on the stock. The consensus estimate for Enel Chile's current full-year earnings is $0.36 per share. Scotiabank also issued estimates for Enel Chile's FY2026 earnings at $0.38 EPS.
Enel Chile Price Performance
NYSE ENIC traded down $0.02 on Friday, reaching $2.88. The stock had a trading volume of 487,274 shares, compared to its average volume of 382,812. Enel Chile has a 1-year low of $2.51 and a 1-year high of $3.24. The company has a market cap of $3.98 billion, a P/E ratio of 4.72 and a beta of 1.16. The firm has a fifty day moving average of $2.81 and a two-hundred day moving average of $2.78.
Hedge Funds Weigh In On Enel Chile
A number of hedge funds have recently bought and sold shares of the business. State Street Corp increased 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 worth $8,184,000 after purchasing an additional 18,334 shares during the period. Renaissance Technologies LLC grew its stake 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 buying an additional 24,900 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Enel Chile by 1.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 805,213 shares of the utilities provider's stock valued at $2,247,000 after buying an additional 15,250 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Enel Chile by 5.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 527,097 shares of the utilities provider's stock worth $1,476,000 after acquiring an additional 28,252 shares during the period. Finally, Walleye Capital LLC bought a new stake in shares of Enel Chile during the third quarter worth $1,023,000. 3.20% of the stock is owned by institutional investors.
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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