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

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

Analyst Ratings Changes

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

Enel Chile Stock Performance

The business’s 50 day moving average price is $2.95 and its 200-day moving average price is $2.81. The firm has a market capitalization of $4.56 billion, a PE ratio of 5.41 and a beta of 1.12.

Enel Chile Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, January 17th. Investors of record on Friday, January 17th were issued a $0.0463 dividend. The ex-dividend date of this dividend was Friday, January 17th. This is a boost from Enel Chile’s previous dividend of $0.03. Enel Chile’s payout ratio is 36.07%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in ENIC. Creative Planning grew its holdings in shares of Enel Chile by 3.8% in the second quarter. Creative Planning now owns 118,042 shares of the utilities provider’s stock valued at $331,000 after purchasing an additional 4,323 shares in the last quarter. Cubist Systematic Strategies LLC grew its holdings in shares of Enel Chile by 1,114,700.0% in the second quarter. Cubist Systematic Strategies LLC now owns 11,148 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 11,147 shares in the last quarter. NBC Securities Inc. grew its holdings in shares of Enel Chile by 44.9% in the third quarter. NBC Securities Inc. now owns 69,279 shares of the utilities provider’s stock valued at $193,000 after purchasing an additional 21,466 shares in the last quarter. Inspire Advisors LLC grew its holdings in shares of Enel Chile by 9.9% in the third 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 in the last quarter. Finally, Blue Trust Inc. grew its holdings in shares of Enel Chile by 162.4% in the third quarter. Blue Trust Inc. now owns 204,665 shares of the utilities provider’s stock valued at $573,000 after purchasing an additional 126,657 shares in the last quarter. Institutional investors and hedge funds 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.