Enel Chile (NYSE:ENIC) Share Price Passes Above 50-Day Moving Average of $2.99

Shares of Enel Chile S.A. (NYSE:ENICGet Free Report) passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $2.99 and traded as high as $3.18. Enel Chile shares last traded at $3.16, with a volume of 368,460 shares traded.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Enel Chile from a “buy” rating to a “hold” rating in a research note on Saturday, February 17th.

Read Our Latest Stock Report on Enel Chile

Enel Chile Stock Up 2.3 %

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 moving average is $2.99 and its 200 day moving average is $3.05. The company has a market capitalization of $4.37 billion, a price-to-earnings ratio of 6.08 and a beta of 1.15.

Enel Chile (NYSE:ENICGet Free Report) last announced its quarterly earnings data on Thursday, February 29th. The utilities provider reported $0.29 EPS for the quarter. Enel Chile had a net margin of 15.66% and a return on equity of 51.15%. The business had revenue of $1.15 billion during the quarter.

Institutional Trading of Enel Chile

Several institutional investors and hedge funds have recently bought and sold shares of the business. Inspire Investing LLC acquired a new position in shares of Enel Chile in the 1st quarter valued at $32,000. Envestnet Portfolio Solutions Inc. acquired a new position in shares of Enel Chile in the 3rd quarter valued at $34,000. International Assets Investment Management LLC acquired a new position in shares of Enel Chile in the 1st quarter valued at $36,000. Janiczek Wealth Management LLC lifted its stake in shares of 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 purchasing an additional 8,868 shares during the period. Finally, Blue Trust Inc. lifted its stake in shares of Enel Chile by 131.9% in the 4th quarter. Blue Trust Inc. now owns 16,129 shares of the utilities provider’s stock valued at $48,000 after purchasing an additional 9,174 shares during the period. 3.20% of the stock is currently owned by institutional investors and hedge funds.

About Enel Chile

(Get Free Report)

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.

Featured Stories

Receive News & Ratings for Enel Chile Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enel Chile and related companies with MarketBeat.com's FREE daily email newsletter.