Enel Chile (NYSE:ENIC) Reaches New 52-Week High – Here’s What Happened

Enel Chile S.A. (NYSE:ENIC) reached a new 52-week high during trading on Thursday . The stock traded as high as $3.31 and last traded at $3.30, with a volume of 370325 shares. The stock had previously closed at $3.24.

Wall Street Analyst Weigh In

Separately, Scotiabank cut shares of Enel Chile from a “sector outperform” rating to a “sector perform” rating and set a $3.90 price target for the company. in a report on Friday, November 22nd.

Enel Chile Trading Up 1.9 %

The company has a market cap of $4.56 billion, a price-to-earnings ratio of 5.41 and a beta of 1.12. The firm’s fifty day simple moving average is $2.95 and its 200 day simple moving average is $2.81.

Enel Chile Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, January 17th. Stockholders of record on Friday, January 17th were given a dividend of $0.0463 per share. The ex-dividend date was Friday, January 17th. This is an increase from Enel Chile’s previous dividend of $0.03. Enel Chile’s payout ratio is currently 36.07%.

Institutional Trading of Enel Chile

Several institutional investors have recently modified their holdings of ENIC. Advisors Preferred LLC purchased a new stake in shares of Enel Chile during the 4th quarter worth approximately $25,000. Cubist Systematic Strategies LLC lifted its position in shares of Enel Chile by 1,114,700.0% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 11,148 shares of the utilities provider’s stock worth $31,000 after buying an additional 11,147 shares during the last quarter. Intelligence Driven Advisers LLC purchased a new stake in shares of Enel Chile during the 4th quarter worth approximately $31,000. Caprock Group LLC purchased a new stake in Enel Chile in the 4th quarter valued at $32,000. Finally, Wealthstream Advisors Inc. purchased a new stake in Enel Chile in the 4th quarter valued at $37,000. Hedge funds and other institutional investors own 3.20% of the company’s stock.

About Enel Chile

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.