OneAscent Financial Services LLC Makes New Investment in Enel Chile S.A. (NYSE:ENIC)

OneAscent Financial Services LLC purchased a new position in shares of Enel Chile S.A. (NYSE:ENIC) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 19,897 shares of the utilities provider’s stock, valued at approximately $66,000.

A number of other large investors have also modified their holdings of ENIC. Citigroup Inc. purchased a new stake in shares of Enel Chile in the 1st quarter valued at approximately $100,000. Natixis Advisors L.P. lifted its stake in shares of Enel Chile by 97.7% in the 1st quarter. Natixis Advisors L.P. now owns 387,161 shares of the utilities provider’s stock valued at $612,000 after purchasing an additional 191,335 shares during the last quarter. Bank of Montreal Can increased its position in shares of Enel Chile by 45.9% during the 1st quarter. Bank of Montreal Can now owns 236,674 shares of the utilities provider’s stock worth $400,000 after purchasing an additional 74,470 shares during the last quarter. Cibc World Market Inc. purchased a new stake in Enel Chile in the 1st quarter valued at about $37,000. Finally, Cetera Investment Advisers boosted its stake in Enel Chile by 14.5% during the first quarter. Cetera Investment Advisers now owns 68,387 shares of the utilities provider’s stock worth $108,000 after buying an additional 8,659 shares during the period. Hedge funds and other institutional investors own 3.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. JPMorgan Chase & Co. cut Enel Chile from an “overweight” rating to a “neutral” rating in a research note on Monday, July 17th. StockNews.com started coverage on shares of Enel Chile in a report on Thursday, August 17th. They issued a “hold” rating for the company.

Enel Chile Stock Up 4.8 %

Shares of Enel Chile stock opened at $3.30 on Friday. Enel Chile S.A. has a 52-week low of $1.31 and a 52-week high of $3.89. The company has a 50 day moving average of $3.33 and a 200 day moving average of $2.99. The company has a quick ratio of 0.94, a current ratio of 0.97 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $4.56 billion, a P/E ratio of 3.14 and a beta of 1.10.

Enel Chile (NYSE:ENIC) last posted its earnings results on Thursday, July 27th. The utilities provider reported ($0.02) earnings per share for the quarter. The firm had revenue of $1.16 billion during the quarter. Enel Chile had a net margin of 24.59% and a return on equity of 120.37%.

Enel Chile 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.