Enel Chile (NYSE:ENIC) Reaches New 52-Week High - Here's Why

Enel Chile S.A. (NYSE:ENIC - Get Free Report)'s stock price hit a new 52-week high on Friday . The company traded as high as $4.06 and last traded at $3.9850, with a volume of 1822357 shares. The stock had previously closed at $4.02.Wall Street Analyst Weigh InENIC has been the subject of several recent analyst reports. Morgan Stanley reissued an "overweight" rating and issued a $4.30 price target on shares of Enel Chile in a research note on Friday, December 12th. Wall Street Zen upgraded shares of Enel Chile from a "hold" rating to a "buy" rating in a research report on Sunday, November 30th. Weiss Ratings restated a "hold (c)" rating on shares of Enel Chile in a research report on Wednesday, October 8th. Finally, Zacks Research upgraded shares of Enel Chile to a "hold" rating in a report on Monday, December 15th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $4.30.View Our Latest Report on Enel ChileEnel Chile Stock PerformanceThe stock's fifty day simple moving average is $3.87 and its two-hundred day simple moving average is $3.68. The company has a market capitalization of $5.51 billion, a price-to-earnings ratio of 66.43 and a beta of 1.00. Enel Chile (NYSE:ENIC - Get Free Report) last announced its quarterly earnings data on Wednesday, October 29th. The utilities provider reported $0.08 EPS for the quarter, missing analysts' consensus estimates of $0.11 by ($0.03). Enel Chile had a net margin of 1.75% and a return on equity of 1.23%. The company had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.16 billion. On average, equities analysts anticipate that Enel Chile S.A. will post 0.45 EPS for the current fiscal year. Institutional Investors Weigh In On Enel ChileA number of institutional investors have recently modified their holdings of the stock. Jump Financial LLC bought a new position in shares of Enel Chile in the first quarter valued at approximately $34,000. Savant Capital LLC acquired a new position in Enel Chile during the 2nd quarter worth $37,000. Foster Group Inc. bought a new stake in Enel Chile during the third quarter valued at about $42,000. Caprock Group LLC bought a new position in shares of Enel Chile in the third quarter worth about $48,000. Finally, Inspire Investing LLC lifted its position in shares of Enel Chile by 43.2% during the 1st quarter. Inspire Investing LLC now owns 15,691 shares of the utilities provider's stock worth $51,000 after purchasing an additional 4,735 shares during the last quarter. Institutional investors and hedge funds own 3.20% of the company's stock. Enel Chile Company Profile (Get Free Report)Enel Chile SA, traded as ENIC on the NYSE, is one of Chile's leading integrated electric utilities, with core businesses spanning electricity generation, transmission and distribution. The company serves a diverse customer base that includes residential, commercial and industrial users, striving to deliver reliable power across both urban and rural regions. In its generation segment, Enel Chile operates a balanced portfolio of assets, including hydroelectric plants, thermal power stations and an expanding suite of renewable energy facilities such as wind and solar farms.Featured StoriesFive stocks we like better than Enel ChileProtect Your Bank Account with THESE 4 Simple Steps3 Overlooked Deductions to Help Potentially Minimize Capital Gains TaxThe Crash Has Already Started (Most Just Don’t See It Yet)But this $2 Gold Stock Before May 20, 2026Jeff Brown's Prediction: Banks Replacing Dollars SoonThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Enel Chile Right Now?Before you consider Enel Chile, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Enel Chile wasn't on the list.While Enel Chile currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here