Enel Chile S.A. (NYSE:ENIC) Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. trimmed its position in Enel Chile S.A. (NYSE:ENIC - Free Report) by 22.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 298,277 shares of the utilities provider's stock after selling 86,039 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in Enel Chile were worth $859,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. State Street Corp raised its stake in Enel Chile by 0.6% during the 3rd quarter. State Street Corp now owns 2,933,466 shares of the utilities provider's stock worth $8,184,000 after acquiring an additional 18,334 shares in the last quarter. Helikon Investments Ltd raised its stake in Enel Chile by 14.7% during the 4th quarter. Helikon Investments Ltd now owns 2,112,723 shares of the utilities provider's stock worth $6,085,000 after acquiring an additional 270,545 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Enel Chile by 1.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 805,213 shares of the utilities provider's stock worth $2,247,000 after acquiring an additional 15,250 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in 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 in the last quarter. Finally, Walleye Capital LLC acquired a new stake in Enel Chile during the 3rd quarter worth $1,023,000. 3.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Scotiabank lowered shares of Enel Chile from a "sector outperform" rating to a "sector perform" rating and set a $3.90 price target on the stock. in a research note on Friday, November 22nd.

Enel Chile Stock Performance

Enel Chile stock traded down $0.02 during midday trading on Friday, hitting $3.20. 259,355 shares of the company's stock were exchanged, compared to its average volume of 581,871. Enel Chile S.A. has a 12-month low of $2.51 and a 12-month high of $3.28. The stock has a market cap of $4.42 billion, a price-to-earnings ratio of 5.24 and a beta of 1.12. The firm's 50 day simple moving average is $2.92 and its 200 day simple moving average is $2.80.

Enel Chile Increases Dividend

The company also recently announced a dividend, which was paid on Friday, January 17th. Stockholders of record on Friday, January 17th were issued a $0.0463 dividend. This is an increase from Enel Chile's previous dividend of $0.03. The ex-dividend date of this dividend was Friday, January 17th. Enel Chile's payout ratio is presently 36.07%.

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.