Enel Chile S.A. (NYSE:ENIC) Stock Position Decreased by Advisors Asset Management Inc.

Advisors Asset Management Inc. cut its position in shares of Enel Chile S.A. (NYSE:ENICGet Rating) by 3.0% in the second quarter, Holdings Channel reports. The firm owned 312,738 shares of the utilities provider’s stock after selling 9,760 shares during the period. Advisors Asset Management Inc.’s holdings in Enel Chile were worth $347,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Kayne Anderson Capital Advisors LP increased its holdings in shares of Enel Chile by 34.6% during the 2nd quarter. Kayne Anderson Capital Advisors LP now owns 339,000 shares of the utilities provider’s stock valued at $376,000 after acquiring an additional 87,200 shares during the last quarter. Mount Yale Investment Advisors LLC acquired a new position in shares of Enel Chile during the 2nd quarter valued at about $25,000. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in shares of Enel Chile by 22.9% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 952,047 shares of the utilities provider’s stock valued at $1,057,000 after acquiring an additional 177,335 shares during the last quarter. Veriti Management LLC increased its holdings in shares of Enel Chile by 92.6% during the 2nd quarter. Veriti Management LLC now owns 623,531 shares of the utilities provider’s stock valued at $692,000 after acquiring an additional 299,709 shares during the last quarter. Finally, FNY Investment Advisers LLC increased its holdings in shares of Enel Chile by 67.6% during the 2nd quarter. FNY Investment Advisers LLC now owns 144,363 shares of the utilities provider’s stock valued at $160,000 after acquiring an additional 58,225 shares during the last quarter. Institutional investors and hedge funds own 2.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on ENIC. TheStreet raised Enel Chile from a “d+” rating to a “c-” rating in a report on Tuesday, August 9th. StockNews.com raised Enel Chile from a “hold” rating to a “buy” rating in a report on Monday, November 14th.

Enel Chile Stock Up 5.6 %

ENIC opened at $1.89 on Friday. The firm has a market capitalization of $2.61 billion, a P/E ratio of 12.60 and a beta of 0.97. The stock’s 50 day moving average price is $1.62 and its two-hundred day moving average price is $1.48. Enel Chile S.A. has a 12-month low of $0.98 and a 12-month high of $2.37.

Enel Chile (NYSE:ENICGet Rating) last released its earnings results on Friday, October 28th. The utilities provider reported $0.08 earnings per share (EPS) for the quarter. The firm had revenue of $1.43 billion for the quarter. Enel Chile had a return on equity of 19.97% and a net margin of 4.58%.

Enel Chile Company Profile

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Enel Chile SA, an electricity utility company, engages in the generation, transmission, and distribution of electricity in Chile. The company operates through Generation Business and Distribution Business segments. It generates electricity through various sources, such as hydroelectric, thermal, wind, solar, and geothermal power plants.

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Institutional Ownership by Quarter for Enel Chile (NYSE:ENIC)

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