Enel Chile S.A. (NYSE:ENIC) Short Interest Down 17.6% in December

Enel Chile S.A. (NYSE:ENIC) was the recipient of a significant decrease in short interest during the month of December. As of December 31st, there was short interest totaling 419,265 shares, a decrease of 17.6% from the December 15th total of 508,593 shares. Based on an average daily trading volume, of 417,320 shares, the days-to-cover ratio is presently 1.0 days. Approximately 0.0% of the shares of the company are short sold. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 417,320 shares, the days-to-cover ratio is presently 1.0 days.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on ENIC shares. Morgan Stanley reissued an “overweight” rating and issued a $4.30 price target on shares of Enel Chile in a report on Friday, December 12th. Zacks Research raised shares of Enel Chile to a “hold” rating in a report on Monday, December 15th. Wall Street Zen upgraded shares of Enel Chile from a “hold” rating to a “buy” rating in a research report on Sunday, November 30th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Enel Chile in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Enel Chile presently has an average rating of “Hold” and a consensus target price of $4.30.

Hedge Funds Weigh In On Enel Chile

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Kingstone Capital Partners Texas LLC purchased a new stake in shares of Enel Chile during the second quarter worth approximately $10,650,000. Banco BTG Pactual S.A. acquired a new stake in Enel Chile during the 2nd quarter worth $4,389,000. Candriam S.C.A. grew its holdings in shares of Enel Chile by 24.6% during the second quarter. Candriam S.C.A. now owns 928,000 shares of the utilities provider’s stock worth $3,369,000 after buying an additional 183,000 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of Enel Chile by 70.2% in the second quarter. Arrowstreet Capital Limited Partnership now owns 597,895 shares of the utilities provider’s stock valued at $2,170,000 after buying an additional 246,530 shares during the last quarter. Finally, Jump Financial LLC lifted its stake in shares of Enel Chile by 5,592.9% in the second quarter. Jump Financial LLC now owns 584,202 shares of the utilities provider’s stock worth $2,121,000 after buying an additional 573,940 shares in the last quarter. Hedge funds and other institutional investors own 3.20% of the company’s stock.

Enel Chile Price Performance

Enel Chile stock opened at $4.30 on Wednesday. The company’s fifty day moving average price is $3.98 and its 200 day moving average price is $3.73. Enel Chile has a 1 year low of $2.85 and a 1 year high of $4.41.

Enel Chile (NYSE:ENIC) last posted its quarterly earnings data on Wednesday, October 29th. The utilities provider reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.03). The company had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.16 billion. Enel Chile had a net margin of 1.75% and a return on equity of 1.23%. On average, sell-side analysts predict that Enel Chile will post 0.45 earnings per share for the current fiscal year.

Enel Chile Company Profile

Enel Chile SA, traded as ENIC on the NYSE, is one of Chile’s leading integrated electric utilities, with core businesses spanning electricity generation, transmission and distribution. The company serves a diverse customer base that includes residential, commercial and industrial users, striving to deliver reliable power across both urban and rural regions.

In its generation segment, Enel Chile operates a balanced portfolio of assets, including hydroelectric plants, thermal power stations and an expanding suite of renewable energy facilities such as wind and solar farms.