Ethic Inc. Invests $80,000 in Enel Chile S.A. (NYSE:ENIC)

Ethic Inc. purchased a new position in Enel Chile S.A. (NYSE:ENIC) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 27,751 shares of the utilities provider’s stock, valued at approximately $80,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of ENIC. Northern Trust Corp boosted its stake in shares of Enel Chile by 1,444.7% in the 4th quarter. Northern Trust Corp now owns 804,533 shares of the utilities provider’s stock worth $2,317,000 after buying an additional 752,448 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Enel Chile by 56.1% during the fourth quarter. JPMorgan Chase & Co. now owns 1,256,695 shares of the utilities provider’s stock valued at $3,619,000 after acquiring an additional 451,482 shares during the period. Helikon Investments Ltd raised its holdings in Enel Chile by 14.7% during the fourth quarter. Helikon Investments Ltd now owns 2,112,723 shares of the utilities provider’s stock valued at $6,085,000 after acquiring an additional 270,545 shares during the period. Lingohr Asset Management GmbH bought a new stake in shares of Enel Chile in the fourth quarter worth about $682,000. Finally, The Manufacturers Life Insurance Company increased its holdings in shares of Enel Chile by 13.2% in the fourth quarter. The Manufacturers Life Insurance Company now owns 1,482,326 shares of the utilities provider’s stock worth $4,269,000 after purchasing an additional 172,383 shares during the last quarter. 3.20% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Enel Chile from a “buy” rating to a “hold” rating in a research report on Friday.

Enel Chile Stock Down 5.9%

Shares of NYSE:ENIC opened at $3.72 on Monday. The firm has a 50 day moving average of $3.42 and a 200 day moving average of $3.13. The company has a market capitalization of $5.14 billion, a price-to-earnings ratio of 6.09 and a beta of 0.90. Enel Chile S.A. has a 52 week low of $2.51 and a 52 week high of $4.05.

Enel Chile (NYSE:ENIC) last issued its quarterly earnings results on Tuesday, April 29th. The utilities provider reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.05. The business had revenue of $1,054.59 billion for the quarter, compared to the consensus estimate of $1,095.67 billion. Enel Chile had a return on equity of 15.48% and a net margin of 17.33%. On average, sell-side analysts expect that Enel Chile S.A. will post 0.45 EPS for the current year.

Enel Chile Cuts Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Friday, May 23rd. Stockholders of record on Friday, May 16th will be issued a dividend of $0.1779 per share. This represents a dividend yield of 5.8%. The ex-dividend date is Friday, May 16th. Enel Chile’s dividend payout ratio (DPR) is presently 157.14%.

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.