Enel Chile (NYSE:ENIC) Shares Down 3.4%

Enel Chile S.A. (NYSE:ENIC - Get Free Report) shares were down 3.4% during mid-day trading on Friday . The company traded as low as $2.53 and last traded at $2.53. Approximately 85,216 shares were traded during mid-day trading, a decline of 84% from the average daily volume of 519,276 shares. The stock had previously closed at $2.62.

Analyst Upgrades and Downgrades

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

Enel Chile Stock Down 1.7 %

The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.83 and a current ratio of 0.85. The business's 50 day simple moving average is $2.79 and its 200-day simple moving average is $2.90. The company has a market cap of $3.56 billion, a price-to-earnings ratio of 4.95 and a beta of 1.17.

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

Institutional Inflows and Outflows

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

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.