Walleye Capital LLC Acquires New Position in Enel Chile S.A. (NYSE:ENIC)

Walleye Capital LLC acquired a new stake in Enel Chile S.A. (NYSE:ENIC - Free Report) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 366,825 shares of the utilities provider's stock, valued at approximately $1,023,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in ENIC. Wealthstream Advisors Inc. purchased a new stake in Enel Chile in the 2nd quarter valued at $29,000. Cubist Systematic Strategies LLC raised its holdings in shares of 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 purchasing an additional 11,147 shares during the last quarter. Savvy Advisors Inc. bought a new position in shares of Enel Chile during the third quarter valued at about $52,000. Townsquare Capital LLC purchased a new position in Enel Chile during the third quarter worth about $65,000. Finally, International Assets Investment Management LLC grew its position in Enel Chile by 179.0% in the 3rd quarter. International Assets Investment Management LLC now owns 33,832 shares of the utilities provider's stock worth $94,000 after purchasing an additional 21,706 shares in the last quarter. 3.20% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Scotiabank downgraded Enel Chile from a "sector outperform" rating to a "sector perform" rating and set a $3.90 target price on the stock. in a research note on Friday, November 22nd. StockNews.com raised Enel Chile from a "hold" rating to a "buy" rating in a research report on Friday, August 9th.

Enel Chile Stock Performance

ENIC stock traded up $0.02 during mid-day trading on Friday, hitting $2.78. The company had a trading volume of 438,907 shares, compared to its average volume of 479,943. The firm has a market cap of $3.85 billion, a PE ratio of 4.56 and a beta of 1.16. Enel Chile S.A. has a 12 month low of $2.51 and a 12 month high of $3.53. The stock's fifty day moving average price is $2.75 and its two-hundred day moving average price is $2.78.

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.