Enel Chile (NYSE:ENIC) Cut to “Sector Perform” at Scotiabank

Scotiabank cut shares of Enel Chile (NYSE:ENIC) from a sector outperform rating to a sector perform rating in a report published on Friday, Marketbeat.com reports. The firm currently has $3.90 price target on the utilities provider’s stock.

Separately, StockNews.com raised shares of Enel Chile from a “hold” rating to a “buy” rating in a report on Friday, August 9th.

Enel Chile Trading Down 3.6 %

NYSE ENIC opened at $2.70 on Friday. The stock’s fifty day moving average price is $2.74 and its 200-day moving average price is $2.80. The stock has a market cap of $3.73 billion, a P/E ratio of 4.43 and a beta of 1.16. Enel Chile has a 12 month low of $2.51 and a 12 month high of $3.53.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Creative Planning boosted its stake in shares of Enel Chile by 3.8% in the 2nd quarter. Creative Planning now owns 118,042 shares of the utilities provider’s stock worth $331,000 after buying an additional 4,323 shares during the last quarter. Inspire Advisors LLC grew its stake in shares of Enel Chile by 9.9% during the 3rd quarter. Inspire Advisors LLC now owns 54,622 shares of the utilities provider’s stock valued at $152,000 after purchasing an additional 4,903 shares during the period. Lesa Sroufe & Co increased its position in shares of Enel Chile by 0.8% during the 2nd quarter. Lesa Sroufe & Co now owns 700,000 shares of the utilities provider’s stock valued at $1,960,000 after purchasing an additional 5,852 shares during the last quarter. Wealthstream Advisors Inc. bought a new position in shares of Enel Chile in the 2nd quarter worth approximately $29,000. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its position in Enel Chile by 2.7% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 417,347 shares of the utilities provider’s stock valued at $1,169,000 after buying an additional 11,000 shares during the period. 3.20% of the stock is 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.