SPX Gestao de Recursos Ltda Makes New $116,000 Investment in Enel Chile S.A. (NYSE:ENIC)

SPX Gestao de Recursos Ltda purchased a new position in Enel Chile S.A. (NYSE:ENIC) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 40,255 shares of the utilities provider’s stock, valued at approximately $116,000.

Several other institutional investors have also added to or reduced their stakes in the business. Advisors Preferred LLC bought a new stake in shares of 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 bought a new stake in shares of Enel Chile during the 4th quarter valued at $32,000. Wealthstream Advisors Inc. bought a new stake in shares of Enel Chile during the 4th quarter valued at $37,000. Finally, Truist Financial Corp bought a new stake in shares of Enel Chile during the 4th quarter valued at $38,000. 3.20% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Enel Chile Trading Up 0.5 %

Enel Chile stock opened at $3.34 on Tuesday. Enel Chile S.A. has a 12-month low of $2.51 and a 12-month high of $3.49. The firm has a 50-day moving average price of $3.13 and a 200-day moving average price of $2.89. The firm has a market capitalization of $4.61 billion, a PE ratio of 5.47 and a beta of 1.12.

Enel Chile 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.