Raymond James & Associates Has $429,000 Stock Holdings in Enel Chile S.A. (NYSE:ENIC)

Raymond James & Associates boosted its stake in Enel Chile S.A. (NYSE:ENIC) by 178.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 132,344 shares of the utilities provider’s stock after purchasing an additional 84,741 shares during the quarter. Raymond James & Associates’ holdings in Enel Chile were worth $429,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. Envestnet Portfolio Solutions Inc. acquired a new position in shares of Enel Chile during the third quarter valued at about $34,000. Mutual Advisors LLC acquired a new position in shares of Enel Chile during the third quarter valued at about $65,000. QRG Capital Management Inc. acquired a new position in shares of Enel Chile during the third quarter valued at about $93,000. NBC Securities Inc. acquired a new position in shares of Enel Chile during the third quarter valued at about $112,000. Finally, Capital Wealth Planning LLC acquired a new position in shares of Enel Chile during the third quarter valued at about $207,000. 3.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Enel Chile from a “buy” rating to a “hold” rating in a research report on Saturday, February 17th.

Enel Chile Price Performance

ENIC opened at $2.97 on Friday. The company’s 50-day moving average is $2.97 and its 200 day moving average is $3.03. Enel Chile S.A. has a fifty-two week low of $2.68 and a fifty-two week high of $3.89. The firm has a market capitalization of $4.11 billion, a P/E ratio of 5.60 and a beta of 1.16.

Enel Chile (NYSE:ENIC) last released its quarterly earnings results on Thursday, February 29th. The utilities provider reported $0.29 earnings per share for the quarter. Enel Chile had a net margin of 14.69% and a return on equity of 127.33%. The company had revenue of $1.15 billion for the quarter.

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.