Enel Chile (NYSE:ENIC) Cut to Hold at StockNews.com

Enel Chile (NYSE:ENIC) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Monday.

Separately, Scotiabank downgraded 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 Stock Up 1.8 %

ENIC stock traded up $0.06 during midday trading on Monday, reaching $3.31. The company had a trading volume of 527,731 shares, compared to its average volume of 493,241. The stock has a 50 day moving average price of $3.08 and a 200 day moving average price of $2.87. The firm has a market capitalization of $4.58 billion, a PE ratio of 5.43 and a beta of 1.12. Enel Chile has a fifty-two week low of $2.51 and a fifty-two week high of $3.49.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Advisors Preferred LLC acquired a new position in shares of Enel Chile during the fourth quarter worth approximately $25,000. Intelligence Driven Advisers LLC bought a new stake in Enel Chile during the 4th quarter valued at $31,000. Caprock Group LLC bought a new position in shares of Enel Chile in the fourth quarter worth $32,000. Wealthstream Advisors Inc. acquired a new position in shares of Enel Chile during the fourth quarter valued at $37,000. Finally, Truist Financial Corp acquired a new stake in Enel Chile in the fourth quarter worth about $38,000. Institutional investors own 3.20% of the company’s stock.

About Enel Chile

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.