Enel Chile (NYSE:ENIC) Lowered to Hold Rating by StockNews.com

StockNews.com lowered shares of Enel Chile (NYSE:ENIC) from a buy rating to a hold rating in a report published on Monday.

Separately, Scotiabank downgraded shares of Enel Chile from a “sector outperform” rating to a “sector perform” rating and set a $3.90 target price for the company. in a research note on Friday, November 22nd.

Enel Chile Stock Performance

Shares of NYSE:ENIC opened at $3.31 on Monday. The business has a fifty day moving average of $3.08 and a 200-day moving average of $2.87. The firm has a market cap of $4.58 billion, a PE ratio of 5.43 and a beta of 1.12. Enel Chile has a twelve month low of $2.51 and a twelve month high of $3.49.

Hedge Funds Weigh In On Enel Chile

Several large investors have recently made changes to their positions in the company. International Assets Investment Management LLC boosted its stake in shares of 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 valued at $94,000 after purchasing an additional 21,706 shares during the last quarter. Savvy Advisors Inc. bought a new stake in shares of Enel Chile during the 3rd quarter valued at $52,000. Oppenheimer Asset Management Inc. lifted its stake in shares of Enel Chile by 52.2% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 82,680 shares of the utilities provider’s stock valued at $231,000 after purchasing an additional 28,339 shares during the period. Natixis Advisors LLC grew its stake in shares of Enel Chile by 43.3% during the third quarter. Natixis Advisors LLC now owns 290,531 shares of the utilities provider’s stock worth $811,000 after purchasing an additional 87,773 shares during the period. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Enel Chile in the third quarter valued at about $303,000. 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.