Brandes Investment Partners LP Acquires 152,430 Shares of Enel Chile S.A. (NYSE:ENIC)

Brandes Investment Partners LP boosted its holdings in shares of Enel Chile S.A. (NYSE:ENIC) by 2.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,707,753 shares of the utilities provider’s stock after purchasing an additional 152,430 shares during the period. Brandes Investment Partners LP owned about 0.41% of Enel Chile worth $16,438,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Advisors Preferred LLC bought a new position in Enel Chile during the fourth quarter worth about $25,000. Intelligence Driven Advisers LLC bought a new position in shares of Enel Chile in the fourth quarter valued at approximately $31,000. Caprock Group LLC bought a new position in shares of Enel Chile in the fourth quarter valued at approximately $32,000. Wealthstream Advisors Inc. bought a new position in shares of Enel Chile in the fourth quarter valued at approximately $37,000. Finally, Truist Financial Corp bought a new position in shares of Enel Chile in the fourth quarter valued at approximately $38,000. Institutional investors own 3.20% of the company’s stock.

Enel Chile Price Performance

Shares of Enel Chile stock opened at $3.39 on Friday. The firm has a market cap of $4.68 billion, a P/E ratio of 5.55 and a beta of 1.12. The firm has a 50 day simple moving average of $3.17 and a 200 day simple moving average of $2.90. Enel Chile S.A. has a fifty-two week low of $2.51 and a fifty-two week high of $3.49.

Wall Street Analysts Forecast Growth

ENIC has been the subject of a number of research analyst reports. Scotiabank cut shares of Enel Chile from a “sector outperform” rating to a “sector perform” rating and set a $3.90 target price for the company. in a research note on Friday, November 22nd. StockNews.com cut shares of Enel Chile from a “buy” rating to a “hold” rating in a research note on Monday, March 3rd.

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.