StockNews.com upgraded shares of Enel Chile (NYSE:ENIC – Free Report) from a hold rating to a buy rating in a research note published on Friday.
Enel Chile Price Performance
NYSE:ENIC traded up $0.08 during mid-day trading on Friday, reaching $2.73. The stock had a trading volume of 321,434 shares, compared to its average volume of 506,134. The stock has a 50-day simple moving average of $2.81 and a two-hundred day simple moving average of $2.91. The stock has a market capitalization of $3.78 billion, a PE ratio of 5.25 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 12 month low of $2.52 and a 12 month high of $3.53.
Enel Chile Increases Dividend
The business also recently announced a semi-annual dividend, which was paid on Wednesday, May 22nd. Shareholders of record on Friday, January 1st were paid 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 boost from Enel Chile’s previous semi-annual dividend of $0.03. Enel Chile’s payout ratio is presently 38.46%.
Institutional Trading of Enel Chile
About Enel Chile
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.
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