Enel Chile (NYSE:ENIC) Sees Large Volume Increase

Shares of Enel Chile S.A. (NYSE:ENIC) saw unusually-high trading volume on Tuesday . Approximately 1,179,230 shares changed hands during mid-day trading, an increase of 131% from the previous session’s volume of 510,009 shares.The stock last traded at $2.74 and had previously closed at $2.74.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Enel Chile from a “hold” rating to a “buy” rating in a research note on Friday, August 9th.

Enel Chile Trading Down 1.5 %

The stock’s 50 day simple moving average is $2.79 and its two-hundred day simple moving average is $2.90. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.85 and a quick ratio of 0.83. The stock has a market capitalization of $3.62 billion, a PE ratio of 5.04 and a beta of 1.17.

Enel Chile (NYSE:ENIC) last announced its quarterly earnings data on Thursday, July 25th. The utilities provider reported $0.08 earnings per share for the quarter. Enel Chile had a return on equity of 61.15% and a net margin of 18.01%. The business had revenue of $1.35 billion during the quarter.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of ENIC. Brandes Investment Partners LP boosted its position in shares of Enel Chile by 28.2% in the fourth quarter. Brandes Investment Partners LP now owns 3,586,182 shares of the utilities provider’s stock valued at $11,619,000 after acquiring an additional 789,016 shares during the period. Renaissance Technologies LLC grew its position in shares of Enel Chile by 1.0% during the 2nd quarter. Renaissance Technologies LLC now owns 2,432,488 shares of the utilities provider’s stock valued at $6,811,000 after purchasing an additional 24,900 shares in the last quarter. Helikon Investments Ltd raised its position in shares of Enel Chile by 4.7% in the second quarter. Helikon Investments Ltd now owns 1,842,178 shares of the utilities provider’s stock worth $5,158,000 after buying an additional 82,734 shares in the last quarter. Teachers Retirement System of The State of Kentucky bought a new stake in Enel Chile during the fourth quarter valued at $3,398,000. Finally, Lesa Sroufe & Co grew its position in Enel Chile by 0.8% during the second quarter. Lesa Sroufe & Co now owns 700,000 shares of the utilities provider’s stock worth $1,960,000 after buying an additional 5,852 shares in the last quarter. 3.20% of the stock is currently owned by hedge funds and other institutional investors.

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.