Enel Chile S.A. (NYSE:ENIC) Sees Significant Decrease in Short Interest

Enel Chile S.A. (NYSE:ENIC) was the recipient of a significant drop in short interest in June. As of June 15th, there was short interest totalling 879,600 shares, a drop of 8.8% from the May 31st total of 964,400 shares. Based on an average daily volume of 411,500 shares, the short-interest ratio is currently 2.1 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Inspire Investing LLC purchased a new position in Enel Chile during the first quarter worth approximately $32,000. Envestnet Portfolio Solutions Inc. acquired a new stake in Enel Chile in the 3rd quarter valued at $34,000. International Assets Investment Management LLC purchased a new stake in Enel Chile in the 1st quarter worth $36,000. Janiczek Wealth Management LLC lifted its holdings in Enel Chile by 161.9% during the first quarter. Janiczek Wealth Management LLC now owns 14,344 shares of the utilities provider’s stock valued at $44,000 after purchasing an additional 8,868 shares in the last quarter. Finally, Blue Trust Inc. grew its position in shares of Enel Chile by 131.9% in the fourth quarter. Blue Trust Inc. now owns 16,129 shares of the utilities provider’s stock valued at $48,000 after purchasing an additional 9,174 shares during the period. 3.20% of the stock is currently owned by hedge funds and other institutional investors.

Enel Chile Stock Up 2.0 %

NYSE ENIC traded up $0.06 during midday trading on Wednesday, hitting $2.81. 146,849 shares of the company traded hands, compared to its average volume of 522,655. The company has a market cap of $3.88 billion, a PE ratio of 5.39 and a beta of 1.17. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.85 and a quick ratio of 0.83. Enel Chile has a 52 week low of $2.68 and a 52 week high of $3.89. The company’s 50-day simple moving average is $2.93 and its 200-day simple moving average is $2.97.

Enel Chile (NYSE:ENIC) last posted its earnings results on Tuesday, April 30th. The utilities provider reported $0.11 earnings per share (EPS) for the quarter. The company had revenue of $1.11 billion for the quarter. Enel Chile had a return on equity of 51.15% and a net margin of 15.66%.

Enel Chile Increases Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Wednesday, May 22nd. Stockholders of record on Friday, January 1st were issued a dividend of $0.2093 per share. This represents a dividend yield of 7.3%. The ex-dividend date of this dividend was Wednesday, May 22nd. This is a positive change from Enel Chile’s previous semi-annual dividend of $0.03. Enel Chile’s dividend payout ratio is currently 40.39%.

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.