FY2024 Earnings Forecast for Enel Chile Issued By Scotiabank

Enel Chile S.A. (NYSE:ENIC) – Scotiabank raised their FY2024 earnings per share estimates for shares of Enel Chile in a research note issued to investors on Wednesday, January 8th. Scotiabank analyst T. Gonzalez now expects that the utilities provider will post earnings of $0.45 per share for the year, up from their previous forecast of $0.36. Scotiabank currently has a “Sector Perform” rating and a $3.90 price objective on the stock. The consensus estimate for Enel Chile’s current full-year earnings is $0.36 per share. Scotiabank also issued estimates for Enel Chile’s FY2026 earnings at $0.38 EPS.

Enel Chile Trading Down 0.7 %

ENIC opened at $2.88 on Friday. Enel Chile has a 1-year low of $2.51 and a 1-year high of $3.24. The stock’s fifty day simple moving average is $2.81 and its 200 day simple moving average is $2.78. The stock has a market cap of $3.98 billion, a PE ratio of 4.72 and a beta of 1.16.

Institutional Investors Weigh In On Enel Chile

Large investors have recently added to or reduced their stakes in the business. 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 buying an additional 11,147 shares during the period. Savvy Advisors Inc. bought a new position in Enel Chile during the 3rd quarter worth $52,000. Townsquare Capital LLC bought a new position in Enel Chile during the 3rd quarter worth $65,000. International Assets Investment Management LLC increased its position in 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 worth $94,000 after buying an additional 21,706 shares during the period. Finally, Dynamic Technology Lab Private Ltd bought a new position in Enel Chile during the 3rd quarter worth $100,000. Institutional investors own 3.20% of the company’s stock.

Enel Chile Company 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.