Fmr LLC Sells 7,581 Shares of Enel Chile S.A. (NYSE:ENIC)

Fmr LLC lowered its position in shares of Enel Chile S.A. (NYSE:ENIC) by 41.7% in the 3rd quarter, Holdings Channel.com reports. The fund owned 10,586 shares of the utilities provider’s stock after selling 7,581 shares during the quarter. Fmr LLC’s holdings in Enel Chile were worth $30,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Cubist Systematic Strategies LLC grew its holdings in shares of Enel Chile by 1,114,700.0% in the second quarter. Cubist Systematic Strategies LLC now owns 11,148 shares of the utilities provider’s stock worth $31,000 after acquiring an additional 11,147 shares during the period. Savvy Advisors Inc. bought a new position in shares of Enel Chile in the 3rd quarter worth approximately $52,000. International Assets Investment Management LLC grew its position 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 buying an additional 21,706 shares during the period. Adero Partners LLC raised its position in 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 acquiring an additional 18,974 shares during the period. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of Enel Chile during the 3rd quarter worth $100,000. 3.20% of the stock is owned by institutional investors.

Enel Chile Stock Performance

ENIC stock opened at $2.98 on Thursday. The firm has a market cap of $4.12 billion, a PE ratio of 4.89 and a beta of 1.16. The firm has a fifty day moving average price of $2.78 and a 200 day moving average price of $2.77. Enel Chile S.A. has a fifty-two week low of $2.51 and a fifty-two week high of $3.40.

Analysts Set New Price Targets

Separately, Scotiabank cut shares of Enel Chile from a “sector outperform” rating to a “sector perform” rating and set a $3.90 price objective for the company. in a research note on Friday, November 22nd.

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.