Astoria Portfolio Advisors LLC. Trims Stake in Enel Chile S.A. (NYSE:ENIC)

Astoria Portfolio Advisors LLC. trimmed its position in shares of Enel Chile S.A. (NYSE:ENIC) by 16.1% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 43,863 shares of the utilities provider’s stock after selling 8,392 shares during the quarter. Astoria Portfolio Advisors LLC.’s holdings in Enel Chile were worth $123,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Raymond James & Associates grew its stake in Enel Chile by 178.0% in the fourth quarter. Raymond James & Associates now owns 132,344 shares of the utilities provider’s stock worth $429,000 after purchasing an additional 84,741 shares during the period. Cerity Partners LLC grew its position in shares of Enel Chile by 13.6% in the 4th quarter. Cerity Partners LLC now owns 97,660 shares of the utilities provider’s stock worth $316,000 after buying an additional 11,670 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Enel Chile by 23.0% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 397,485 shares of the utilities provider’s stock valued at $1,288,000 after acquiring an additional 74,266 shares during the period. Victory Capital Management Inc. bought a new stake in Enel Chile during the fourth quarter worth about $197,000. Finally, Todd Asset Management LLC bought a new position in shares of Enel Chile during the fourth quarter valued at approximately $3,398,000. Hedge funds and other institutional investors own 3.20% of the company’s stock.

Enel Chile Stock Down 1.1 %

Shares of ENIC traded down $0.03 during mid-day trading on Wednesday, reaching $2.61. The company had a trading volume of 607,645 shares, compared to its average volume of 506,670. Enel Chile S.A. has a 52 week low of $2.56 and a 52 week high of $3.53. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.83 and a current ratio of 0.85. The company has a market capitalization of $3.61 billion, a price-to-earnings ratio of 5.02 and a beta of 1.17. The firm has a 50-day moving average price of $2.83 and a 200 day moving average price of $2.92.

Enel Chile Increases Dividend

The business also recently announced a semi-annual dividend, which was paid on Wednesday, May 22nd. Stockholders of record on Friday, January 1st were paid a $0.2093 dividend. This is a boost from Enel Chile’s previous semi-annual dividend of $0.03. This represents a dividend yield of 7.3%. The ex-dividend date was Wednesday, May 22nd. Enel Chile’s dividend payout ratio is currently 38.46%.

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.