Enel Chile (NYSE:ENIC) Sees Strong Trading Volume

Enel Chile S.A. (NYSE:ENIC - Get Free Report) shares saw unusually-strong trading volume on Tuesday . Approximately 1,179,230 shares traded hands during trading, an increase of 131% from the previous session's volume of 510,009 shares.The stock last traded at $2.74 and had previously closed at $2.74.

Analyst Upgrades and Downgrades

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

Enel Chile Trading Down 0.7 %

The company has a market cap of $3.76 billion, a price-to-earnings ratio of 5.23 and a beta of 1.17. The company has a current ratio of 0.85, a quick ratio of 0.83 and a debt-to-equity ratio of 0.05. The firm's 50-day moving average price is $2.80 and its 200 day moving average price is $2.90.

Enel Chile (NYSE:ENIC - Get Free Report) last posted 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 net margin of 18.01% and a return on equity of 61.15%. The business had revenue of $1.35 billion during the quarter.

Institutional Trading of Enel Chile

Several hedge funds have recently bought and sold shares of the business. Creative Planning grew its position in Enel Chile by 3.8% in the 2nd quarter. Creative Planning now owns 118,042 shares of the utilities provider's stock valued at $331,000 after purchasing an additional 4,323 shares during the period. Cubist Systematic Strategies LLC grew its position 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 valued at $31,000 after purchasing an additional 11,147 shares during the period. Marshall Wace LLP bought a new position in Enel Chile during the 2nd quarter valued at $474,000. Vanguard Personalized Indexing Management LLC lifted its stake in Enel Chile by 26.8% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 60,714 shares of the utilities provider's stock valued at $170,000 after acquiring an additional 12,821 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its stake in Enel Chile by 1.0% during the 2nd quarter. Renaissance Technologies LLC now owns 2,432,488 shares of the utilities provider's stock valued at $6,811,000 after acquiring an additional 24,900 shares in the last quarter. Institutional investors and hedge funds own 3.20% of the company's stock.

Enel Chile Company 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.