Tucker Asset Management LLC Takes $117,000 Position in Enel Chile S.A. (NYSE:ENIC)

Tucker Asset Management LLC bought a new stake in Enel Chile S.A. (NYSE:ENIC) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 36,194 shares of the utilities provider’s stock, valued at approximately $117,000.

Other hedge funds also recently bought and sold shares of the company. Brandes Investment Partners LP lifted its stake in shares of Enel Chile by 28.2% in the 4th quarter. Brandes Investment Partners LP now owns 3,586,182 shares of the utilities provider’s stock valued at $11,619,000 after purchasing an additional 789,016 shares during the last quarter. AQR Capital Management LLC increased its holdings in shares of Enel Chile by 408.3% during the 3rd quarter. AQR Capital Management LLC now owns 2,852,008 shares of the utilities provider’s stock valued at $8,442,000 after acquiring an additional 2,290,952 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Enel Chile by 48.0% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,193,678 shares of the utilities provider’s stock valued at $3,533,000 after acquiring an additional 387,133 shares in the last quarter. Todd Asset Management LLC bought a new stake in Enel Chile during the fourth quarter worth approximately $3,398,000. Finally, Teachers Retirement System of The State of Kentucky acquired a new position in Enel Chile during the fourth quarter valued at approximately $3,398,000. 3.20% of the stock is owned by institutional investors and hedge funds.

Enel Chile Price Performance

NYSE ENIC opened at $2.73 on Monday. The company has a market cap of $3.78 billion, a P/E ratio of 5.25 and a beta of 1.17. Enel Chile S.A. has a 1 year low of $2.68 and a 1 year high of $3.89. The company has a current ratio of 0.85, a quick ratio of 0.83 and a debt-to-equity ratio of 0.05. The company has a fifty day simple moving average of $2.98 and a 200 day simple moving average of $3.02.

Enel Chile (NYSE:ENIC) last issued its quarterly earnings results on Tuesday, April 30th. The utilities provider reported $0.11 earnings per share (EPS) for the quarter. Enel Chile had a return on equity of 51.15% and a net margin of 15.66%. The company had revenue of $1.11 billion for the quarter.

Enel Chile Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Wednesday, May 22nd. Stockholders of record on Friday, January 1st were paid a $0.2093 dividend. This is an increase from Enel Chile’s previous semi-annual dividend of $0.03. The ex-dividend date of this dividend was Wednesday, May 22nd. This represents a dividend yield of 7.3%. Enel Chile’s dividend payout ratio (DPR) is presently 38.46%.

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.