Enel Chile S.A. $ENIC Shares Purchased by Parallel Advisors LLC

Parallel Advisors LLC boosted its position in Enel Chile S.A. (NYSE:ENIC) by 9.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 36,292 shares of the utilities provider’s stock after purchasing an additional 3,136 shares during the period. Parallel Advisors LLC’s holdings in Enel Chile were worth $132,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in ENIC. Helikon Investments Ltd lifted its position in Enel Chile by 112.9% in the first quarter. Helikon Investments Ltd now owns 4,498,563 shares of the utilities provider’s stock valued at $14,710,000 after purchasing an additional 2,385,840 shares during the period. Crossmark Global Holdings Inc. acquired a new stake in Enel Chile in the first quarter valued at about $6,142,000. Candriam S.C.A. acquired a new stake in Enel Chile in the first quarter valued at about $2,436,000. Carrera Capital Advisors increased its holdings in Enel Chile by 2,729.3% in the first quarter. Carrera Capital Advisors now owns 472,381 shares of the utilities provider’s stock valued at $1,545,000 after buying an additional 455,685 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Enel Chile by 51.8% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 791,481 shares of the utilities provider’s stock valued at $2,588,000 after buying an additional 270,000 shares in the last quarter. Institutional investors and hedge funds own 3.20% of the company’s stock.

Enel Chile Trading Up 0.4%

Shares of ENIC opened at $3.86 on Wednesday. The company’s fifty day moving average is $3.46 and its two-hundred day moving average is $3.48. Enel Chile S.A. has a fifty-two week low of $2.60 and a fifty-two week high of $4.05.

Enel Chile (NYSE:ENIC) last announced its quarterly earnings results on Tuesday, July 29th. The utilities provider reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.03). The company had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.18 billion. Enel Chile had a net margin of 3.50% and a return on equity of 2.53%. As a group, equities analysts forecast that Enel Chile S.A. will post 0.45 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Wall Street Zen cut shares of Enel Chile from a “buy” rating to a “hold” rating in a report on Saturday, August 2nd. Citigroup cut shares of Enel Chile from a “strong-buy” rating to a “hold” rating in a report on Friday, July 18th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat, Enel Chile presently has a consensus rating of “Hold” and an average price target of $3.90.

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.