FY2025 Earnings Estimate for Enel Chile Issued By Scotiabank

Enel Chile S.A. (NYSE:ENIC) – Scotiabank boosted their FY2025 earnings estimates for shares of Enel Chile in a research note issued to investors on Wednesday, January 8th. Scotiabank analyst T. Gonzalez now forecasts that the utilities provider will post earnings of $0.34 per share for the year, up from their prior forecast of $0.23. Scotiabank currently has a “Sector Perform” rating and a $3.90 target price on the stock. The consensus estimate for Enel Chile’s current full-year earnings is $0.36 per share.

Enel Chile Stock Performance

ENIC opened at $2.95 on Monday. Enel Chile has a 12 month low of $2.51 and a 12 month high of $3.24. The stock has a 50-day moving average of $2.82 and a 200 day moving average of $2.78. The firm has a market cap of $4.08 billion, a P/E ratio of 4.84 and a beta of 1.11.

Hedge Funds Weigh In On Enel Chile

Institutional investors and hedge funds have recently modified their holdings of the stock. Cubist Systematic Strategies LLC lifted its position in 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 buying an additional 11,147 shares during the last quarter. Savvy Advisors Inc. purchased a new stake in shares of Enel Chile in the third quarter valued at $52,000. Townsquare Capital LLC purchased a new position in shares of Enel Chile during the 3rd quarter worth about $65,000. International Assets Investment Management LLC grew its holdings 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 valued at $94,000 after purchasing an additional 21,706 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in Enel Chile in the 3rd quarter worth about $100,000. Hedge funds and other 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.