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

StockNews.com upgraded shares of Enel Chile (NYSE:ENIC) from a hold rating to a buy rating in a research report released on Tuesday morning.

Enel Chile Stock Up 3.4 %

Enel Chile stock opened at $3.80 on Tuesday. Enel Chile has a 52-week low of $2.51 and a 52-week high of $3.81. The company has a market cap of $5.25 billion, a price-to-earnings ratio of 6.22 and a beta of 0.90. The firm’s fifty day moving average is $3.32 and its 200 day moving average is $3.06.

Enel Chile (NYSE:ENIC) last released its quarterly earnings results on Tuesday, April 29th. The utilities provider reported $0.13 EPS for the quarter, topping the consensus estimate of $0.08 by $0.05. Enel Chile had a return on equity of 15.48% and a net margin of 17.33%. The company had revenue of $1,054.59 billion during the quarter, compared to analyst estimates of $1,095.67 billion. On average, equities research analysts anticipate that Enel Chile will post 0.45 earnings per share for the current fiscal year.

Institutional Trading of Enel Chile

A number of institutional investors have recently bought and sold shares of ENIC. Advisors Preferred LLC bought a new stake in shares of Enel Chile in the 4th quarter worth about $25,000. Intelligence Driven Advisers LLC purchased a new stake in Enel Chile in the 4th quarter worth about $31,000. GAMMA Investing LLC boosted its position in shares of Enel Chile by 318.6% during the first quarter. GAMMA Investing LLC now owns 9,365 shares of the utilities provider’s stock valued at $31,000 after buying an additional 7,128 shares during the period. Caprock Group LLC bought a new position in shares of Enel Chile during the fourth quarter valued at approximately $32,000. Finally, PDS Planning Inc purchased a new stake in shares of Enel Chile in the first quarter worth approximately $33,000. 3.20% of the stock is currently owned by institutional investors.

Enel Chile Company 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.