Enel Americas (NYSE:ENIA) Stock Rating Lowered by Zacks Investment Research

Zacks Investment Research lowered shares of Enel Americas (NYSE:ENIA) from a hold rating to a sell rating in a research report sent to investors on Wednesday, Zacks.com reports.

According to Zacks, “Enel Americas SA engages in the exploitation, distribution and transformation of energy directly or through its subsidiaries and affiliates. It operating business segments consists of Generation & Transmission and Distribution. Generation & Transmission segment composes of companies which own generation plants. Distribution segment includes electricity supply to the final customers. Enel Americas SA, formerly known as Enersis S A ADR, is based in Santiago, Chile. “

Shares of Enel Americas stock opened at $8.41 on Wednesday. The stock’s fifty day moving average is $8.32. The firm has a market capitalization of $9.71 billion, a price-to-earnings ratio of 8.01 and a beta of 0.57. Enel Americas has a 12-month low of $6.96 and a 12-month high of $10.52.

Enel Americas (NYSE:ENIA) last announced its earnings results on Thursday, April 25th. The utilities provider reported $0.02 earnings per share (EPS) for the quarter. The company had revenue of $3.59 billion for the quarter. Enel Americas had a return on equity of 13.77% and a net margin of 8.75%. As a group, sell-side analysts predict that Enel Americas will post 0.85 EPS for the current year.

Several institutional investors have recently made changes to their positions in ENIA. Diversified Trust Co boosted its stake in shares of Enel Americas by 43.4% during the 2nd quarter. Diversified Trust Co now owns 70,792 shares of the utilities provider’s stock worth $628,000 after acquiring an additional 21,428 shares in the last quarter. Fulton Bank N.A. boosted its stake in shares of Enel Americas by 30.6% during the 2nd quarter. Fulton Bank N.A. now owns 13,445 shares of the utilities provider’s stock worth $120,000 after acquiring an additional 3,153 shares in the last quarter. ClariVest Asset Management LLC bought a new stake in Enel Americas during the 1st quarter valued at approximately $772,000. GAM Holding AG boosted its stake in Enel Americas by 12.9% during the 1st quarter. GAM Holding AG now owns 106,954 shares of the utilities provider’s stock valued at $955,000 after purchasing an additional 12,194 shares during the period. Finally, NumerixS Investment Technologies Inc boosted its stake in Enel Americas by 526.7% during the 1st quarter. NumerixS Investment Technologies Inc now owns 18,800 shares of the utilities provider’s stock valued at $166,000 after purchasing an additional 15,800 shares during the period. 9.20% of the stock is currently owned by institutional investors.

Enel Americas Company Profile

Enel Américas SA operates as an electricity utility company in Argentina, Brazil, Colombia, and Peru. The company, through its subsidiaries, generates, transmits, and distributes electricity using hydroelectric and thermal energy sources. As of December 31, 2017, it had 11,444 megawatts of installed generation capacity and 17.2 million distribution customers.

Recommended Story: Fundamental Analysis and Choosing Stocks

Get a free copy of the Zacks research report on Enel Americas (ENIA)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Enel Americas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enel Americas and related companies with MarketBeat.com's FREE daily email newsletter.