Enel Chile (NYSE:ENIC) Sets New 52-Week High – Still a Buy?

Enel Chile S.A. (NYSE:ENIC) hit a new 52-week high during trading on Thursday . The stock traded as high as $4.63 and last traded at $4.5950, with a volume of 1134221 shares. The stock had previously closed at $4.33.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Scotiabank raised shares of Enel Chile to a “strong-buy” rating in a research note on Thursday, April 23rd. Wall Street Zen upgraded shares of Enel Chile from a “hold” rating to a “buy” rating in a report on Sunday, March 15th. Weiss Ratings reiterated a “hold (c)” rating on shares of Enel Chile in a report on Monday, April 20th. Finally, Santander cut shares of Enel Chile to a “neutral” rating in a report on Wednesday, January 28th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $4.30.

Enel Chile Stock Up 4.9%

The firm has a market cap of $6.28 billion, a P/E ratio of 11.36 and a beta of 0.97. The firm’s fifty day moving average is $4.17 and its two-hundred day moving average is $4.07.

Enel Chile (NYSE:ENIC) last released its quarterly earnings results on Tuesday, March 31st. The utilities provider reported $0.12 earnings per share for the quarter. The business had revenue of $1.20 billion for the quarter. Enel Chile had a net margin of 11.53% and a return on equity of 9.81%. As a group, sell-side analysts forecast that Enel Chile S.A. will post 0.44 EPS for the current year.

Institutional Trading of Enel Chile

Hedge funds and other institutional investors have recently modified their holdings of the business. CWA Asset Management Group LLC purchased a new stake in shares of Enel Chile in the 3rd quarter worth about $845,000. Hennion & Walsh Asset Management Inc. grew its position in shares of Enel Chile by 183.8% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 251,731 shares of the utilities provider’s stock worth $1,012,000 after buying an additional 163,022 shares during the period. Brandes Investment Partners LP grew its position in shares of Enel Chile by 2.3% in the 4th quarter. Brandes Investment Partners LP now owns 5,270,748 shares of the utilities provider’s stock worth $21,188,000 after buying an additional 120,905 shares during the period. Greenspring Advisors LLC purchased a new stake in shares of Enel Chile in the 4th quarter worth about $78,000. Finally, Eurizon Capital SGR S.p.A. purchased a new stake in shares of Enel Chile in the 4th quarter worth about $142,000. 3.20% of the stock is owned by hedge funds and other institutional investors.

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.