Enel Chile (NYSE:ENIC) Price Target Lowered to $3.90 at Scotiabank

Enel Chile (NYSE:ENIC) had its target price cut by Scotiabank from $4.40 to $3.90 in a research note published on Wednesday, Benzinga reports. They currently have a sector outperform rating on the utilities provider’s stock.

Separately, StockNews.com upgraded shares of Enel Chile from a “hold” rating to a “buy” rating in a research note on Friday, August 9th.

Enel Chile Stock Down 1.8 %

NYSE ENIC opened at $2.71 on Wednesday. The firm has a market cap of $3.75 billion, a PE ratio of 5.21 and a beta of 1.16. The company has a 50 day moving average price of $2.73 and a 200 day moving average price of $2.83. Enel Chile has a 52 week low of $2.51 and a 52 week high of $3.53.

Institutional Trading of Enel Chile

Several large investors have recently bought and sold shares of the stock. International Assets Investment Management LLC grew its position in Enel Chile by 179.0% during the 3rd quarter. International Assets Investment Management LLC now owns 33,832 shares of the utilities provider’s stock worth $94,000 after purchasing an additional 21,706 shares during the last quarter. Blue Trust Inc. grew its position in Enel Chile by 162.4% during the 3rd quarter. Blue Trust Inc. now owns 204,665 shares of the utilities provider’s stock worth $573,000 after purchasing an additional 126,657 shares during the last quarter. Inspire Advisors LLC grew its position in Enel Chile by 9.9% during the 3rd quarter. Inspire Advisors LLC now owns 54,622 shares of the utilities provider’s stock worth $152,000 after purchasing an additional 4,903 shares during the last quarter. NBC Securities Inc. boosted its holdings in shares of Enel Chile by 44.9% in the 3rd quarter. NBC Securities Inc. now owns 69,279 shares of the utilities provider’s stock valued at $193,000 after acquiring an additional 21,466 shares during the last quarter. Finally, Cubist Systematic Strategies LLC boosted its holdings in shares of Enel Chile by 1,114,700.0% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 11,148 shares of the utilities provider’s stock valued at $31,000 after acquiring an additional 11,147 shares during the last quarter. Hedge funds and other institutional investors own 3.20% of the company’s stock.

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.