Enel Chile S.A. (NYSE:ENIC) Stock Position Raised by JPMorgan Chase & Co.

JPMorgan Chase & Co. increased its holdings in Enel Chile S.A. (NYSE:ENIC) by 56.1% in the 4th quarter, Holdings Channel reports. The fund owned 1,256,695 shares of the utilities provider’s stock after purchasing an additional 451,482 shares during the period. JPMorgan Chase & Co.’s holdings in Enel Chile were worth $3,619,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in ENIC. Advisors Preferred LLC acquired a new stake in shares of Enel Chile during the 4th quarter valued at $25,000. Intelligence Driven Advisers LLC acquired a new position in Enel Chile in the fourth quarter worth approximately $31,000. Caprock Group LLC acquired a new position in shares of Enel Chile during the 4th quarter worth $32,000. Wealthstream Advisors Inc. bought a new stake in Enel Chile in the fourth quarter worth $37,000. Finally, Truist Financial Corp acquired a new position in shares of Enel Chile during the 4th quarter valued at about $38,000. 3.20% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Enel Chile from a “buy” rating to a “hold” rating in a report on Monday, March 3rd.

Enel Chile Trading Up 0.5 %

Shares of ENIC stock opened at $3.22 on Monday. The firm has a market capitalization of $4.45 billion, a P/E ratio of 5.27 and a beta of 0.99. The firm’s fifty day simple moving average is $3.30 and its 200 day simple moving average is $3.01. Enel Chile S.A. has a 1 year low of $2.51 and a 1 year high of $3.50.

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.