Enel Chile (NYSE:ENIC) Hits New 52-Week High – Time to Buy?

Enel Chile S.A. (NYSE:ENIC)’s stock price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $3.28 and last traded at $3.26, with a volume of 99120 shares changing hands. The stock had previously closed at $3.21.

Wall Street Analyst Weigh In

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

Enel Chile Trading Up 0.2 %

The firm’s fifty day moving average is $2.91 and its 200-day moving average is $2.80. The stock has a market capitalization of $4.45 billion, a PE ratio of 5.27 and a beta of 1.12.

Enel Chile Increases Dividend

The business also recently declared a dividend, which was paid on Friday, January 17th. Investors of record on Friday, January 17th were paid a dividend of $0.0463 per share. This is a positive change from Enel Chile’s previous dividend of $0.03. The ex-dividend date was Friday, January 17th. Enel Chile’s dividend payout ratio (DPR) is currently 36.07%.

Institutional Trading of Enel Chile

Hedge funds and other institutional investors have recently made changes to their positions in the company. State Street Corp raised its holdings in Enel Chile by 0.6% in the 3rd quarter. State Street Corp now owns 2,933,466 shares of the utilities provider’s stock valued at $8,184,000 after acquiring an additional 18,334 shares during the last quarter. Helikon Investments Ltd grew its holdings in Enel Chile by 14.7% in the fourth quarter. Helikon Investments Ltd now owns 2,112,723 shares of the utilities provider’s stock valued at $6,085,000 after purchasing an additional 270,545 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Enel Chile by 1.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 805,213 shares of the utilities provider’s stock worth $2,247,000 after purchasing an additional 15,250 shares during the period. Dimensional Fund Advisors LP increased its position in Enel Chile by 5.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 527,097 shares of the utilities provider’s stock worth $1,476,000 after purchasing an additional 28,252 shares in the last quarter. Finally, Walleye Capital LLC purchased a new stake in Enel Chile during the third quarter worth approximately $1,023,000. 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.