Connor Clark & Lunn Investment Management Ltd. Lowers Stock Holdings in Enel Chile S.A. (NYSE:ENIC)

Connor Clark & Lunn Investment Management Ltd. decreased its position in shares of Enel Chile S.A. (NYSE:ENIC) by 6.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,227,457 shares of the utilities provider’s stock after selling 83,100 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Enel Chile were worth $3,535,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of ENIC. Stifel Financial Corp grew its stake in shares of Enel Chile by 644.7% in the third quarter. Stifel Financial Corp now owns 208,509 shares of the utilities provider’s stock worth $582,000 after acquiring an additional 180,509 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Enel Chile by 100.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 214,632 shares of the utilities provider’s stock worth $599,000 after purchasing an additional 107,316 shares in the last quarter. Walleye Capital LLC purchased a new stake in Enel Chile during the 3rd quarter worth about $1,023,000. Oppenheimer Asset Management Inc. boosted its stake 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. Finally, State Street Corp grew its position in shares of Enel Chile by 0.6% during the third quarter. State Street Corp now owns 2,933,466 shares of the utilities provider’s stock worth $8,184,000 after buying an additional 18,334 shares in the last quarter. 3.20% of the stock is currently owned by hedge funds and other institutional investors.

Enel Chile Stock Up 1.9 %

Shares of ENIC opened at $3.47 on Tuesday. The company has a market capitalization of $4.79 billion, a price-to-earnings ratio of 5.68 and a beta of 1.12. Enel Chile S.A. has a 52-week low of $2.51 and a 52-week high of $3.50. The stock has a 50 day moving average price of $3.18 and a 200 day moving average price of $2.91.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ENIC. StockNews.com downgraded shares of Enel Chile from a “buy” rating to a “hold” rating in a research note on Monday, March 3rd. Scotiabank downgraded shares of Enel Chile from a “sector outperform” rating to a “sector perform” rating and set a $3.90 target price for the company. in a research note on Friday, November 22nd.

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.