Enel Chile S.A. (NYSE:ENIC – Get Free Report) shares passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $2.94 and traded as low as $2.82. Enel Chile shares last traded at $2.83, with a volume of 310,312 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, StockNews.com lowered shares of Enel Chile from a “buy” rating to a “hold” rating in a report on Saturday, February 17th.
Check Out Our Latest Research Report on ENIC
Enel Chile Stock Performance
Enel Chile (NYSE:ENIC – Get Free Report) last posted its earnings results on Thursday, February 29th. The utilities provider reported $0.29 earnings per share for the quarter. The business had revenue of $1.15 billion for the quarter. Enel Chile had a net margin of 14.69% and a return on equity of 127.33%.
Hedge Funds Weigh In On Enel Chile
A number of institutional investors have recently added to or reduced their stakes in ENIC. LPL Financial LLC acquired a new position in Enel Chile in the 4th quarter worth $25,000. Centiva Capital LP acquired a new position in Enel Chile in the 4th quarter worth $25,000. Osaic Holdings Inc. increased its position in shares of Enel Chile by 429.2% in the 2nd quarter. Osaic Holdings Inc. now owns 7,790 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 6,318 shares during the last quarter. Tower Research Capital LLC TRC bought a new stake in shares of Enel Chile in the 3rd quarter worth about $26,000. Finally, Jane Street Group LLC bought a new stake in shares of Enel Chile in the 3rd quarter worth about $27,000. Institutional investors and hedge funds 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.
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