Enel Chile S.A. (NYSE:ENIC) Sees Large Drop in Short Interest

Enel Chile S.A. (NYSE:ENIC - Get Free Report) was the recipient of a large decrease in short interest in the month of July. As of July 31st, there was short interest totalling 922,300 shares, a decrease of 9.6% from the July 15th total of 1,020,000 shares. Based on an average daily volume of 439,900 shares, the short-interest ratio is presently 2.1 days.

Hedge Funds Weigh In On Enel Chile

Hedge funds have recently modified their holdings of the stock. Wealthstream Advisors Inc. purchased a new position in Enel Chile in the 2nd quarter worth $29,000. Inspire Investing LLC purchased a new stake in Enel Chile in the first quarter valued at approximately $32,000. Cubist Systematic Strategies LLC boosted its position in Enel Chile by 1,114,700.0% in the second quarter. Cubist Systematic Strategies LLC now owns 11,148 shares of the utilities provider's stock valued at $31,000 after buying an additional 11,147 shares during the last quarter. International Assets Investment Management LLC purchased a new position in Enel Chile during the 1st quarter worth approximately $36,000. Finally, Janiczek Wealth Management LLC lifted its stake in Enel Chile by 161.9% during the 1st quarter. Janiczek Wealth Management LLC now owns 14,344 shares of the utilities provider's stock valued at $44,000 after acquiring an additional 8,868 shares during the period. Institutional investors and hedge funds own 3.20% of the company's stock.

Enel Chile Stock Down 1.8 %

Shares of NYSE ENIC traded down $0.05 during mid-day trading on Friday, reaching $2.78. 531,255 shares of the company were exchanged, compared to its average volume of 500,054. The firm has a 50-day moving average of $2.80 and a 200 day moving average of $2.91. Enel Chile has a 1 year low of $2.52 and a 1 year high of $3.53. The company has a quick ratio of 0.83, a current ratio of 0.85 and a debt-to-equity ratio of 0.05. The stock has a market cap of $3.85 billion, a price-to-earnings ratio of 5.35 and a beta of 1.17.

Enel Chile (NYSE:ENIC - Get Free Report) last issued its quarterly earnings data on Thursday, July 25th. The utilities provider reported $0.08 earnings per share (EPS) for the quarter. Enel Chile had a net margin of 18.01% and a return on equity of 61.15%. The firm had revenue of $1.35 billion for the quarter.

Enel Chile Increases Dividend

The firm also recently declared a semi-annual dividend, which was paid on Wednesday, May 22nd. Shareholders of record on Friday, January 1st were paid a $0.2093 dividend. The ex-dividend date was Wednesday, May 22nd. This is a boost from Enel Chile's previous semi-annual dividend of $0.03. This represents a yield of 7.3%. Enel Chile's dividend payout ratio (DPR) is 38.46%.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Enel Chile from a "hold" rating to a "buy" rating in a report on Friday, August 9th.

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.