Enel Chile (NYSE:ENIC) Stock Rating Lowered by Scotiabank

Scotiabank lowered shares of Enel Chile (NYSE:ENIC) from a sector outperform rating to a sector perform rating in a research note released on Friday, Marketbeat Ratings reports. Scotiabank currently has $3.90 price target on the utilities provider’s stock.

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

Enel Chile Trading Up 0.4 %

Enel Chile stock opened at $2.71 on Friday. Enel Chile has a 12-month low of $2.51 and a 12-month high of $3.53. The stock has a market cap of $3.75 billion, a P/E ratio of 4.41 and a beta of 1.16. The company has a fifty day simple moving average of $2.74 and a 200-day simple moving average of $2.80.

Institutional Trading of Enel Chile

Hedge funds and other institutional investors have recently made changes to their positions in the company. Wealthstream Advisors Inc. acquired a new stake in shares of Enel Chile during the second quarter worth about $29,000. Cubist Systematic Strategies LLC increased its position in Enel Chile by 1,114,700.0% during 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 in the third quarter worth $52,000. Townsquare Capital LLC acquired a new stake in shares of Enel Chile in the third quarter valued at about $65,000. Finally, International Assets Investment Management LLC lifted its position in shares of Enel Chile by 179.0% during the 3rd quarter. International Assets Investment Management LLC now owns 33,832 shares of the utilities provider’s stock valued at $94,000 after acquiring an additional 21,706 shares during the period. 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.