Enel Chile (NYSE:ENIC) Releases Earnings Results

Enel Chile (NYSE:ENIC) released its quarterly earnings results on Thursday. The utilities provider reported ($0.20) EPS for the quarter, Zacks reports. Enel Chile had a net margin of 17.33% and a return on equity of 15.48%.

Enel Chile Trading Down 3.9 %

Shares of NYSE:ENIC traded down $0.14 during mid-day trading on Thursday, reaching $3.32. The stock had a trading volume of 534,559 shares, compared to its average volume of 483,841. The firm has a market cap of $4.59 billion, a PE ratio of 5.43 and a beta of 1.12. The firm has a 50 day simple moving average of $3.07 and a two-hundred day simple moving average of $2.86. Enel Chile has a twelve month low of $2.51 and a twelve month high of $3.49.

Enel Chile Increases Dividend

The business also recently announced a dividend, which was paid on Friday, January 17th. Stockholders of record on Friday, January 17th were given 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 payout ratio is presently 36.07%.

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 target price for the company. in a research report on Friday, November 22nd.

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.