Oppenheimer Asset Management Inc. Buys 28,339 Shares of Enel Chile S.A. (NYSE:ENIC)

Oppenheimer Asset Management Inc. raised its stake in shares of Enel Chile S.A. (NYSE:ENIC) by 52.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 82,680 shares of the utilities provider’s stock after buying an additional 28,339 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Enel Chile were worth $231,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Wealthstream Advisors Inc. bought a new position in Enel Chile in the second quarter worth approximately $29,000. Cubist Systematic Strategies LLC raised its holdings in Enel Chile by 1,114,700.0% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 11,148 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 11,147 shares during the period. Savvy Advisors Inc. purchased a new position in Enel Chile during the third quarter valued at $52,000. International Assets Investment Management LLC grew its holdings in Enel Chile by 179.0% during the third quarter. International Assets Investment Management LLC now owns 33,832 shares of the utilities provider’s stock valued at $94,000 after purchasing an additional 21,706 shares during the period. Finally, Adero Partners LLC raised its stake in shares of Enel Chile by 119.0% in the second quarter. Adero Partners LLC now owns 34,924 shares of the utilities provider’s stock worth $98,000 after buying an additional 18,974 shares during the period. 3.20% of the stock is owned by institutional investors.

Enel Chile Trading Up 0.4 %

Shares of ENIC opened at $2.81 on Thursday. The business’s 50 day moving average is $2.73 and its 200 day moving average is $2.81. Enel Chile S.A. has a 12-month low of $2.51 and a 12-month high of $3.53. The company has a market capitalization of $3.89 billion, a PE ratio of 4.61 and a beta of 1.16.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on ENIC shares. StockNews.com raised shares of Enel Chile from a “hold” rating to a “buy” rating in a report on Friday, August 9th. Scotiabank decreased their price objective on shares of Enel Chile from $4.40 to $3.90 and set a “sector outperform” rating on the stock in a research report on Wednesday, October 30th.

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.