Enel Chile (NYSE:ENIC) Hits New 1-Year High – Here’s What Happened

Enel Chile S.A. (NYSE:ENIC)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as $3.46 and last traded at $3.46, with a volume of 643726 shares. The stock had previously closed at $3.38.

Analyst Ratings Changes

Separately, 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 report on Friday, November 22nd.

Enel Chile Stock Up 2.2 %

The stock has a 50-day moving average of $3.04 and a 200 day moving average of $2.85. The company has a market capitalization of $4.78 billion, a PE ratio of 5.66 and a beta of 1.12.

Enel Chile Increases Dividend

The business also recently declared a dividend, which was paid on Friday, January 17th. Stockholders of record on Friday, January 17th were issued a $0.0463 dividend. This is a positive change from Enel Chile’s previous dividend of $0.03. The ex-dividend date of this dividend was Friday, January 17th. Enel Chile’s dividend payout ratio is presently 36.07%.

Institutional Investors Weigh In On Enel Chile

Several institutional investors have recently added to or reduced their stakes in ENIC. Schechter Investment Advisors LLC increased its stake in Enel Chile by 2.1% during the 4th quarter. Schechter Investment Advisors LLC now owns 165,911 shares of the utilities provider’s stock valued at $478,000 after purchasing an additional 3,435 shares in the last quarter. Inspire Advisors LLC increased its stake in Enel Chile by 6.9% during the fourth quarter. Inspire Advisors LLC now owns 58,414 shares of the utilities provider’s stock worth $168,000 after acquiring an additional 3,792 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its stake in Enel Chile by 36.6% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 14,270 shares of the utilities provider’s stock worth $41,000 after purchasing an additional 3,827 shares during the last quarter. Signaturefd LLC boosted its position in Enel Chile by 12.6% in the 4th quarter. Signaturefd LLC now owns 37,152 shares of the utilities provider’s stock valued at $107,000 after buying an additional 4,146 shares during the period. Finally, Corient Private Wealth LLC grew its holdings in Enel Chile by 5.9% during the 4th quarter. Corient Private Wealth LLC now owns 79,112 shares of the utilities provider’s stock worth $228,000 after acquiring an additional 4,418 shares in 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.