Enel Chile (NYSE:ENIC) Reaches New 52-Week High - What's Next?

Shares of Enel Chile S.A. (NYSE:ENIC - Get Free Report) reached a new 52-week high during mid-day trading on Saturday . The company traded as high as $4.05 and last traded at $4.0350, with a volume of 157721 shares trading hands. The stock had previously closed at $4.02.Wall Street Analysts Forecast GrowthA number of equities analysts have issued reports on ENIC shares. Wall Street Zen upgraded Enel Chile from a "hold" rating to a "buy" rating in a report on Sunday, November 30th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Enel Chile in a research report on Wednesday, October 8th. Zacks Research upgraded shares of Enel Chile to a "hold" rating in a research note on Monday, December 15th. Finally, Morgan Stanley restated an "overweight" rating and issued a $4.30 price target on shares of Enel Chile in a research report on Friday, December 12th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $4.30.Read Our Latest Stock Analysis on ENICEnel Chile Stock PerformanceThe firm has a fifty day moving average price of $3.86 and a 200 day moving average price of $3.66. The firm has a market capitalization of $5.58 billion, a price-to-earnings ratio of 67.26 and a beta of 1.00. Enel Chile (NYSE:ENIC - Get Free Report) last released its quarterly earnings data 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 business had revenue of $1.20 billion during the quarter, compared to analysts' expectations of $1.16 billion. Enel Chile had a return on equity of 1.23% and a net margin of 1.75%. Research analysts predict that Enel Chile S.A. will post 0.45 earnings per share for the current fiscal year. Institutional Inflows and OutflowsSeveral institutional investors and hedge funds have recently made changes to their positions in ENIC. Ethos Financial Group LLC increased its position in Enel Chile by 7.3% in the second quarter. Ethos Financial Group LLC now owns 233,625 shares of the utilities provider's stock worth $848,000 after purchasing an additional 15,851 shares during the period. Sequoia Financial Advisors LLC bought a new position in shares of Enel Chile during the 2nd quarter valued at about $59,000. Banco BTG Pactual S.A. bought a new position in Enel Chile during the 2nd quarter worth about $4,389,000. Inspire Investing LLC raised its position in Enel Chile by 43.2% in the 1st quarter. Inspire Investing LLC now owns 15,691 shares of the utilities provider's stock valued at $51,000 after buying an additional 4,735 shares during the last quarter. Finally, Strs Ohio bought a new stake in Enel Chile during the 1st quarter worth about $804,000. 3.20% of the stock is currently owned by hedge funds and other institutional investors. About Enel Chile (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.Read MoreFive stocks we like better than Enel ChileDo not delete, read immediatelyHow the Rich RetireINVESTOR ALERT: Tiny “$3 AI Wonder Stock” on the Verge of Blasting OffCan Any Expenses Be Deducted From Capital Gains Tax?Do you know what Amazon is planning for January 1?This 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