Enel Chile (NYSE:ENIC) Shares Gap Up to $1.93

Enel Chile S.A. (NYSE:ENIC)’s stock price gapped up before the market opened on Thursday . The stock had previously closed at $1.93, but opened at $1.98. Enel Chile shares last traded at $1.98, with a volume of 2,097 shares trading hands.

A number of research analysts have issued reports on the company. Morgan Stanley initiated coverage on Enel Chile in a research note on Friday, October 15th. They set an “overweight” rating for the company. The Goldman Sachs Group initiated coverage on Enel Chile in a research note on Wednesday, September 29th. They issued a “buy” rating and a $3.74 price target for the company.

The company has a 50 day moving average price of $2.02 and a two-hundred day moving average price of $2.33. The stock has a market cap of $2.75 billion, a PE ratio of 4.30 and a beta of 0.83.

Hedge funds have recently bought and sold shares of the company. First Hawaiian Bank bought a new stake in shares of Enel Chile in the third quarter worth $25,000. Checchi Capital Advisers LLC bought a new stake in shares of Enel Chile in the third quarter worth $30,000. Ground Swell Capital LLC bought a new stake in shares of Enel Chile in the second quarter worth $33,000. HighTower Advisors LLC bought a new stake in shares of Enel Chile in the second quarter worth $35,000. Finally, JJJ Advisors Inc. grew its holdings in shares of Enel Chile by 671.2% in the third quarter. JJJ Advisors Inc. now owns 16,395 shares of the utilities provider’s stock worth $40,000 after acquiring an additional 14,269 shares during the period. Hedge funds and other institutional investors own 2.82% of the company’s stock.

Enel Chile Company Profile (NYSE:ENIC)

Enel Chile SA engages in the development, operation, generation, and distribution of electricity. It operates through following segments: Generation, Transmission, and Distribution. The Generation segment supplies electricity to end customers using lines and substations that belong to transmission and distribution companies.

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