Adero Partners LLC Has $36,000 Stock Holdings in Enel Chile S.A. (NYSE:ENIC)

Adero Partners LLC cut its position in shares of Enel Chile S.A. (NYSE:ENIC) by 63.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,923 shares of the utilities provider’s stock after selling 22,001 shares during the quarter. Adero Partners LLC’s holdings in Enel Chile were worth $36,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in ENIC. Wealthstream Advisors Inc. acquired a new stake in Enel Chile during the second quarter worth about $29,000. Cubist Systematic Strategies LLC lifted its stake in Enel Chile by 1,114,700.0% during the second quarter. Cubist Systematic Strategies LLC now owns 11,148 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 11,147 shares during the period. Savvy Advisors Inc. bought a new position in Enel Chile during the third quarter worth about $52,000. International Assets Investment Management LLC lifted its stake in Enel Chile by 179.0% during the third 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 period. Finally, Inspire Advisors LLC lifted its stake in Enel Chile by 9.9% during the third 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 period. 3.20% of the stock is owned by institutional investors and hedge funds.

Enel Chile Trading Down 1.1 %

NYSE:ENIC opened at $2.71 on Monday. Enel Chile S.A. has a 1 year low of $2.51 and a 1 year high of $3.53. The firm has a 50 day moving average of $2.73 and a 200-day moving average of $2.81. The stock has a market capitalization of $3.75 billion, a P/E ratio of 4.44 and a beta of 1.16.

Analysts Set New Price Targets

A number of research analysts have commented on ENIC shares. Scotiabank cut their price target on shares of Enel Chile from $4.40 to $3.90 and set a “sector outperform” rating for the company in a research note on Wednesday, October 30th. 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 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.