Enel Chile (NYSE:ENIC) Cut to “Hold” at StockNews.com

StockNews.com lowered shares of Enel Chile (NYSE:ENIC) from a buy rating to a hold rating in a report published on Monday.

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

Enel Chile Stock Up 0.7 %

ENIC stock opened at $3.44 on Monday. The business has a 50 day moving average of $3.10 and a 200-day moving average of $2.87. The firm has a market cap of $4.75 billion, a PE ratio of 5.63 and a beta of 1.12. Enel Chile has a 12-month low of $2.51 and a 12-month high of $3.49.

Institutional Investors Weigh In On Enel Chile

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Advisors Preferred LLC bought a new stake in Enel Chile during the 4th quarter valued at $25,000. Intelligence Driven Advisers LLC bought a new stake in shares of Enel Chile during the 4th quarter valued at $31,000. Caprock Group LLC purchased a new stake in Enel Chile during the 4th quarter worth about $32,000. Wealthstream Advisors Inc. purchased a new position in Enel Chile during the 4th quarter valued at about $37,000. Finally, Truist Financial Corp bought a new stake in shares of Enel Chile during the fourth quarter valued at about $38,000. 3.20% of the stock is currently owned by institutional investors.

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.