Enel Chile (NYSE:ENIC) Raised to Buy at StockNews.com

StockNews.com upgraded shares of Enel Chile (NYSE:ENICFree Report) from a hold rating to a buy rating in a research note issued to investors on Wednesday.

Enel Chile Stock Down 2.7 %

NYSE:ENIC opened at $2.70 on Wednesday. The company has a market cap of $3.73 billion, a PE ratio of 2.43 and a beta of 1.16. Enel Chile has a 52 week low of $2.13 and a 52 week high of $3.89. The business’s 50 day moving average is $3.12 and its two-hundred day moving average is $3.12.

Enel Chile Cuts Dividend

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

Institutional Trading of Enel Chile

Hedge funds have recently made changes to their positions in the stock. LPL Financial LLC bought a new stake in shares of Enel Chile in the 4th quarter worth approximately $25,000. Centiva Capital LP acquired a new stake in Enel Chile in the 4th quarter valued at approximately $25,000. Osaic Holdings Inc. increased its position in Enel Chile by 429.2% in the 2nd quarter. Osaic Holdings Inc. now owns 7,790 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 6,318 shares during the period. Tower Research Capital LLC TRC acquired a new stake in Enel Chile in the 3rd quarter valued at approximately $26,000. Finally, Jane Street Group LLC acquired a new stake in Enel Chile in the 3rd quarter valued at approximately $27,000. Institutional investors own 3.14% of the company’s stock.

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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