Enel Chile (NYSE:ENIC) Price Target Lowered to $3.90 at Scotiabank

Enel Chile (NYSE:ENIC) had its target price decreased by Scotiabank from $4.40 to $3.90 in a research report report published on Wednesday, Benzinga reports. Scotiabank currently has a sector outperform rating on the utilities provider’s stock.

Separately, StockNews.com upgraded shares of Enel Chile from a “hold” rating to a “buy” rating in a research note on Friday, August 9th.

Enel Chile Trading Down 0.4 %

Shares of ENIC stock opened at $2.73 on Wednesday. Enel Chile has a 12 month low of $2.51 and a 12 month high of $3.53. The company has a market cap of $3.78 billion, a P/E ratio of 4.48 and a beta of 1.16. The firm has a fifty day moving average price of $2.72 and a 200 day moving average price of $2.83.

Institutional Investors Weigh In On Enel Chile

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. International Assets Investment Management LLC increased its stake in Enel Chile by 179.0% in the 3rd quarter. International Assets Investment Management LLC now owns 33,832 shares of the utilities provider’s stock valued at $94,000 after purchasing an additional 21,706 shares in the last quarter. Blue Trust Inc. grew its holdings in Enel Chile by 162.4% in the third quarter. Blue Trust Inc. now owns 204,665 shares of the utilities provider’s stock valued at $573,000 after purchasing an additional 126,657 shares during the last quarter. Inspire Advisors LLC raised its stake in shares of Enel Chile by 9.9% during the 3rd quarter. Inspire Advisors LLC now owns 54,622 shares of the utilities provider’s stock worth $152,000 after buying an additional 4,903 shares during the last quarter. NBC Securities Inc. boosted its position in shares of Enel Chile by 44.9% in the 3rd quarter. NBC Securities Inc. now owns 69,279 shares of the utilities provider’s stock worth $193,000 after buying an additional 21,466 shares in the last quarter. Finally, Cubist Systematic Strategies LLC grew its stake in Enel Chile by 1,114,700.0% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 11,148 shares of the utilities provider’s stock valued at $31,000 after acquiring an additional 11,147 shares during the last quarter. 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.