Enel Chile (NYSE:ENIC) Hits New 12-Month High at $2.30

Enel Chile S.A. (NYSE:ENIC – Get Rating)’s stock price reached a new 52-week high during trading on Monday . The stock traded as high as $2.30 and last traded at $2.30, with a volume of 345653 shares traded. The stock had previously closed at $2.15.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Enel Chile from a “hold” rating to a “buy” rating in a research report on Monday.

Enel Chile Trading Down 0.9 %

The stock has a market cap of $3.14 billion, a price-to-earnings ratio of 15.13 and a beta of 1.01. The stock’s 50-day moving average price is $2.11 and its 200-day moving average price is $1.75.

Enel Chile (NYSE:ENIC – Get Rating) last issued its quarterly earnings results on Friday, October 28th. The utilities provider reported $0.08 earnings per share (EPS) for the quarter. The firm had revenue of $1.43 billion for the quarter. Enel Chile had a net margin of 4.58% and a return on equity of 19.97%.

Institutional Trading of Enel Chile

Several hedge funds have recently modified their holdings of the stock. State Street Corp increased its stake in shares of Enel Chile by 4.9% in the 3rd quarter. State Street Corp now owns 4,305,660 shares of the utilities provider’s stock valued at $5,942,000 after acquiring an additional 203,012 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of Enel Chile by 17.4% in the 2nd quarter. AQR Capital Management LLC now owns 2,795,465 shares of the utilities provider’s stock valued at $3,103,000 after acquiring an additional 415,298 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of Enel Chile by 18.9% in the 2nd quarter. Renaissance Technologies LLC now owns 2,095,678 shares of the utilities provider’s stock valued at $2,326,000 after acquiring an additional 333,790 shares in the last quarter. BlackRock Inc. increased its stake in shares of Enel Chile by 38.4% in the 3rd quarter. BlackRock Inc. now owns 1,781,819 shares of the utilities provider’s stock valued at $2,459,000 after acquiring an additional 494,605 shares in the last quarter. Finally, Royal Bank of Canada increased its stake in Enel Chile by 24.4% during the 1st quarter. Royal Bank of Canada now owns 1,241,103 shares of the utilities provider’s stock valued at $1,961,000 after purchasing an additional 243,239 shares in the last quarter. Institutional investors own 2.49% of the company’s stock.

Enel Chile Company Profile

(Get Rating)

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.