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

Enel Chile S.A. (NYSE:ENIC - Get Free Report) hit a new 52-week high on Monday . The company traded as high as $4.05 and last traded at $3.9350, with a volume of 325660 shares traded. The stock had previously closed at $4.01.Wall Street Analysts Forecast GrowthENIC has been the topic of several research analyst reports. Weiss Ratings restated a "hold (c)" rating on shares of Enel Chile in a research note on Wednesday, October 8th. Wall Street Zen raised shares of Enel Chile from a "hold" rating to a "buy" rating in a report on Sunday, November 30th. Finally, Morgan Stanley restated an "overweight" rating and set a $4.30 price objective on shares of Enel Chile in a research report on Friday. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $4.30.Check Out Our Latest Research Report on Enel ChileEnel Chile Stock PerformanceThe company has a market cap of $5.44 billion, a PE ratio of 65.59 and a beta of 1.00. The company's 50-day simple moving average is $3.83 and its 200 day simple moving average is $3.64. Enel Chile (NYSE:ENIC - Get Free Report) last announced its quarterly earnings results on Wednesday, October 29th. The utilities provider reported $0.08 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.03). The company had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.16 billion. Enel Chile had a return on equity of 1.23% and a net margin of 1.75%. Analysts forecast that Enel Chile S.A. will post 0.45 EPS for the current year. Institutional Trading of Enel ChileA number of institutional investors have recently added to or reduced their stakes in the stock. Kingstone Capital Partners Texas LLC acquired a new stake in shares of Enel Chile in the 2nd quarter worth approximately $10,650,000. Banco BTG Pactual S.A. acquired a new stake in Enel Chile in the 2nd quarter worth about $4,389,000. Candriam S.C.A. grew its holdings in Enel Chile by 24.6% in the second quarter. Candriam S.C.A. now owns 928,000 shares of the utilities provider's stock valued at $3,369,000 after purchasing an additional 183,000 shares during the period. Vident Advisory LLC boosted its holdings in Enel Chile by 49.0% in the first quarter. Vident Advisory LLC now owns 619,130 shares of the utilities provider's stock valued at $2,025,000 after acquiring an additional 203,726 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its stake in Enel Chile by 70.2% during the second quarter. Arrowstreet Capital Limited Partnership now owns 597,895 shares of the utilities provider's stock worth $2,170,000 after buying an additional 246,530 shares during the period. Hedge funds and other institutional investors own 3.20% of the company's stock. About Enel Chile (Get Free Report)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.Featured ArticlesFive stocks we like better than Enel ChileAre Penny Stocks a Good Fit for Your Portfolio?Dell and HP Are Raising Prices—And Investors Should Take NoteTop Biotech Stocks: Exploring Innovation OpportunitiesWhy DLocal Is the Top Emerging Market Fintech Stock to Watch for 20263 Home Improvement Stocks that Can Upgrade Your PortfolioIs Nutanix the Best Comeback Trade Left in 2025? The Setup Says YesThis 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