Enel Chile (NYSE:ENIC) Upgraded to “Buy” by StockNews.com

StockNews.com upgraded shares of Enel Chile (NYSE:ENICFree Report) from a hold rating to a buy rating in a report released on Wednesday.

Enel Chile Price Performance

Shares of ENIC stock opened at $2.79 on Wednesday. The business’s 50 day simple moving average is $3.14 and its 200 day simple moving average is $3.13. Enel Chile has a one year low of $2.13 and a one year high of $3.89. The stock has a market capitalization of $3.86 billion, a PE ratio of 2.51 and a beta of 1.16.

Enel Chile Cuts Dividend

The firm also recently declared a semi-annual dividend, which was paid on Thursday, January 18th. Shareholders of record on Friday, January 1st were issued a dividend of $0.0276 per share. This represents a dividend yield of 10.5%. The ex-dividend date was Thursday, January 18th. Enel Chile’s payout ratio is 26.13%.

Hedge Funds Weigh In On Enel Chile

A number of institutional investors and hedge funds have recently modified their holdings of the business. Osaic Holdings Inc. raised its position in shares of Enel Chile by 429.2% during the second quarter. Osaic Holdings Inc. now owns 7,790 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 6,318 shares during the period. Tower Research Capital LLC TRC purchased a new stake in Enel Chile in the 3rd quarter valued at $26,000. Sonen Capital LLC purchased a new stake in shares of Enel Chile during the 2nd quarter valued at $35,000. LPL Financial LLC purchased a new stake in shares of Enel Chile during the 4th quarter valued at $25,000. Finally, Centiva Capital LP purchased a new stake in shares of Enel Chile during the 4th quarter valued at $25,000. 3.14% of the stock is currently owned by institutional investors.

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, and Distribution and Networks Segments. It generates electricity through various sources, such as hydroelectric, thermal, wind, solar, and geothermal power plants.

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