Brandes Investment Partners LP Has $16.44 Million Stock Holdings in Enel Chile S.A. (NYSE:ENIC)

Brandes Investment Partners LP boosted its holdings in shares of Enel Chile S.A. (NYSE:ENIC) by 2.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 5,707,753 shares of the utilities provider’s stock after acquiring an additional 152,430 shares during the period. Brandes Investment Partners LP’s holdings in Enel Chile were worth $16,438,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in ENIC. Oppenheimer Asset Management Inc. grew its holdings in shares of Enel Chile by 52.2% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 82,680 shares of the utilities provider’s stock valued at $231,000 after buying an additional 28,339 shares during the period. Natixis Advisors LLC grew its holdings in shares of Enel Chile by 43.3% in the 3rd quarter. Natixis Advisors LLC now owns 290,531 shares of the utilities provider’s stock valued at $811,000 after buying an additional 87,773 shares during the period. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Enel Chile in the 3rd quarter valued at $303,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of Enel Chile in the 3rd quarter valued at $100,000. Finally, Townsquare Capital LLC acquired a new position in shares of Enel Chile in the 3rd quarter valued at $65,000. Institutional investors and hedge funds own 3.20% of the company’s stock.

Enel Chile Trading Up 1.7 %

ENIC opened at $3.39 on Friday. The firm’s fifty day simple moving average is $3.17 and its 200 day simple moving average is $2.90. Enel Chile S.A. has a 12 month low of $2.51 and a 12 month high of $3.49. The stock has a market capitalization of $4.68 billion, a P/E ratio of 5.55 and a beta of 1.12.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Scotiabank cut shares of Enel Chile from a “sector outperform” rating to a “sector perform” rating and set a $3.90 price objective on the stock. in a research report on Friday, November 22nd. StockNews.com cut shares of Enel Chile from a “buy” rating to a “hold” rating in a research report on Monday, March 3rd.

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.