OMERS ADMINISTRATION Corp Makes New $44,000 Investment in Enel Chile S.A. (NYSE:ENIC)

OMERS ADMINISTRATION Corp bought a new position in Enel Chile S.A. (NYSE:ENIC) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 15,339 shares of the utilities provider’s stock, valued at approximately $44,000.

A number of other institutional investors have also added to or reduced their stakes in ENIC. Brandes Investment Partners LP boosted its holdings in shares of Enel Chile by 2.7% in the 4th quarter. Brandes Investment Partners LP now owns 5,707,753 shares of the utilities provider’s stock worth $16,438,000 after purchasing an additional 152,430 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Enel Chile by 1.6% in the 4th quarter. Renaissance Technologies LLC now owns 2,512,771 shares of the utilities provider’s stock worth $7,237,000 after purchasing an additional 38,783 shares in the last quarter. Helikon Investments Ltd boosted its holdings in shares of Enel Chile by 14.7% in the 4th quarter. Helikon Investments Ltd now owns 2,112,723 shares of the utilities provider’s stock worth $6,085,000 after purchasing an additional 270,545 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of Enel Chile by 13.2% in the 4th 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 in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Enel Chile by 56.1% in the 4th quarter. JPMorgan Chase & Co. now owns 1,256,695 shares of the utilities provider’s stock worth $3,619,000 after purchasing an additional 451,482 shares in the last quarter. 3.20% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Enel Chile from a “buy” rating to a “hold” rating in a report on Friday, May 16th.

Enel Chile Price Performance

Shares of ENIC stock opened at $3.72 on Wednesday. The stock has a market capitalization of $5.15 billion, a PE ratio of 6.10 and a beta of 0.90. Enel Chile S.A. has a 1-year low of $2.51 and a 1-year high of $4.05. The business has a 50-day moving average of $3.43 and a 200 day moving average of $3.15.

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

Enel Chile Cuts Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Friday, May 23rd. Shareholders of record on Friday, May 16th will be given a dividend of $0.1779 per share. This represents a yield of 5.8%. The ex-dividend date of this dividend is Friday, May 16th. Enel Chile’s payout ratio is 157.14%.

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.