Brandes Investment Partners LP Lowers Stock Holdings in Enel Chile S.A. (NYSE:ENIC)

Brandes Investment Partners LP cut its position in shares of Enel Chile S.A. (NYSE:ENIC) by 5.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,639,316 shares of the utilities provider’s stock after selling 207,616 shares during the quarter. Brandes Investment Partners LP owned approximately 0.26% of Enel Chile worth $10,170,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Teachers Retirement System of The State of Kentucky purchased a new stake in Enel Chile during the 4th quarter valued at about $3,398,000. Hantz Financial Services Inc. purchased a new stake in Enel Chile during the 2nd quarter valued at $786,000. Marshall Wace LLP bought a new stake in shares of Enel Chile in the second quarter worth about $474,000. Banco BTG Pactual S.A. bought a new position in Enel Chile during the 1st quarter valued at approximately $366,000. Finally, Helikon Investments Ltd lifted its holdings in Enel Chile by 4.7% in the 2nd quarter. Helikon Investments Ltd now owns 1,842,178 shares of the utilities provider’s stock worth $5,158,000 after buying an additional 82,734 shares during the period. Institutional investors own 3.20% of the company’s stock.

Analyst Ratings Changes

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

Enel Chile Price Performance

Shares of NYSE ENIC opened at $2.80 on Monday. The company’s 50-day moving average is $2.73 and its 200 day moving average is $2.87. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.85 and a quick ratio of 0.83. The stock has a market capitalization of $3.87 billion, a P/E ratio of 5.38 and a beta of 1.16. Enel Chile S.A. has a 1 year low of $2.51 and a 1 year high of $3.53.

Enel Chile (NYSE:ENIC) last released its earnings results on Thursday, July 25th. The utilities provider reported $0.08 EPS for the quarter. The company had revenue of $1.35 billion during the quarter. Enel Chile had a return on equity of 61.15% and a net margin of 18.01%. On average, sell-side analysts expect that Enel Chile S.A. will post 0.36 earnings per share for the current year.

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.