Enel Chile S.A. (NYSE:ENIC) Shares Sold by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership lessened its holdings in Enel Chile S.A. (NYSE:ENIC) by 19.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 774,434 shares of the utilities provider’s stock after selling 190,150 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Enel Chile were worth $2,230,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. JPMorgan Chase & Co. raised its stake in Enel Chile by 56.1% in the fourth quarter. JPMorgan Chase & Co. now owns 1,256,695 shares of the utilities provider’s stock valued at $3,619,000 after buying an additional 451,482 shares in the last quarter. Helikon Investments Ltd lifted its position 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 during the period. Lingohr Asset Management GmbH acquired a new position in Enel Chile in the 4th quarter valued at $682,000. Stifel Financial Corp increased its stake in shares of Enel Chile by 644.7% during the third quarter. Stifel Financial Corp now owns 208,509 shares of the utilities provider’s stock worth $582,000 after acquiring an additional 180,509 shares during the period. Finally, Public Employees Retirement System of Ohio purchased a new position in Enel Chile during the third quarter worth about $453,000. 3.20% of the stock is owned by institutional investors and hedge funds.

Enel Chile Price Performance

ENIC opened at $3.15 on Thursday. The stock’s 50 day simple moving average is $3.30 and its 200 day simple moving average is $2.99. The stock has a market cap of $4.36 billion, a P/E ratio of 5.16 and a beta of 0.99. Enel Chile S.A. has a 1-year low of $2.51 and a 1-year high of $3.50.

Analyst Ratings Changes

Separately, StockNews.com downgraded Enel Chile from a “buy” rating to a “hold” rating in a research note on Monday, March 3rd.

Enel Chile 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.