Hantz Financial Services Inc. Purchases Shares of 280,817 Enel Chile S.A. (NYSE:ENIC)

Hantz Financial Services Inc. bought a new position in Enel Chile S.A. (NYSE:ENIC - Free Report) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 280,817 shares of the utilities provider's stock, valued at approximately $786,000.

A number of other hedge funds have also added to or reduced their stakes in ENIC. Helikon Investments Ltd lifted its stake in Enel Chile by 4.7% during the 2nd quarter. Helikon Investments Ltd now owns 1,842,178 shares of the utilities provider's stock valued at $5,158,000 after acquiring an additional 82,734 shares in the last quarter. Adero Partners LLC lifted its position in shares of Enel Chile by 119.0% during the second quarter. Adero Partners LLC now owns 34,924 shares of the utilities provider's stock valued at $98,000 after purchasing an additional 18,974 shares in the last quarter. Wealthstream Advisors Inc. purchased a new position in Enel Chile during the second quarter worth about $29,000. Sumitomo Mitsui Trust Holdings Inc. increased its stake in Enel Chile by 2.7% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 417,347 shares of the utilities provider's stock valued at $1,169,000 after buying an additional 11,000 shares during the last quarter. Finally, Blue Trust Inc. lifted its position in shares of Enel Chile by 681.6% during the 2nd quarter. Blue Trust Inc. now owns 78,008 shares of the utilities provider's stock worth $238,000 after buying an additional 68,028 shares in the last quarter. Institutional investors and hedge funds own 3.20% of the company's stock.

Analyst Upgrades and Downgrades

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

Enel Chile Stock Performance

ENIC traded down $0.04 during trading on Friday, hitting $2.74. 1,621,446 shares of the company traded hands, compared to its average volume of 450,690. The firm has a market cap of $3.79 billion, a P/E ratio of 5.27 and a beta of 1.17. The company has a quick ratio of 0.83, a current ratio of 0.85 and a debt-to-equity ratio of 0.05. Enel Chile S.A. has a one year low of $2.52 and a one year high of $3.53. The stock's fifty day moving average is $2.80 and its 200 day moving average is $2.91.

Enel Chile (NYSE:ENIC - Get Free Report) last announced its quarterly earnings data on Thursday, July 25th. The utilities provider reported $0.08 earnings per share 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.

Enel Chile 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.