Carrera Capital Advisors Makes New Investment in Enel Chile S.A. (NYSE:ENIC)

Carrera Capital Advisors purchased a new position in Enel Chile S.A. (NYSE:ENIC) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 16,696 shares of the utilities provider’s stock, valued at approximately $48,000.

Several other institutional investors also recently bought and sold shares of the business. Advisors Preferred LLC bought a new stake in Enel Chile during the 4th quarter valued at $25,000. Intelligence Driven Advisers LLC purchased a new position in Enel Chile in the fourth quarter valued at about $31,000. Caprock Group LLC bought a new position in Enel Chile in the fourth quarter worth about $32,000. Wealthstream Advisors Inc. bought a new stake in shares of Enel Chile in the 4th quarter valued at about $37,000. Finally, Truist Financial Corp bought a new position in shares of Enel Chile during the 4th quarter worth approximately $38,000. 3.20% of the stock is owned by hedge funds and other institutional investors.

Enel Chile Trading Up 3.6 %

NYSE ENIC opened at $3.41 on Wednesday. The stock has a market cap of $4.72 billion, a P/E ratio of 5.59 and a beta of 1.12. Enel Chile S.A. has a 12-month low of $2.51 and a 12-month high of $3.49. The company has a fifty day simple moving average of $3.09 and a two-hundred day simple moving average of $2.87.

Analyst Ratings Changes

ENIC has been the topic of a number of recent analyst reports. StockNews.com downgraded Enel Chile from a “buy” rating to a “hold” rating in a research report on Monday. Scotiabank cut Enel Chile from a “sector outperform” rating to a “sector perform” rating and set a $3.90 price target for the company. in a research note on Friday, November 22nd.

Enel Chile 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.