NBC Securities Inc. Grows Stock Position in Enel Chile S.A. (NYSE:ENIC)

NBC Securities Inc. lifted its holdings in shares of Enel Chile S.A. (NYSE:ENIC) by 44.9% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 69,279 shares of the utilities provider’s stock after acquiring an additional 21,466 shares during the period. NBC Securities Inc.’s holdings in Enel Chile were worth $193,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Hantz Financial Services Inc. acquired a new stake in Enel Chile during the 2nd quarter worth about $786,000. Quadrature Capital Ltd boosted its position in Enel Chile by 23.6% in the fourth quarter. Quadrature Capital Ltd now owns 170,079 shares of the utilities provider’s stock valued at $549,000 after buying an additional 32,442 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in Enel Chile by 2.7% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 417,347 shares of the utilities provider’s stock worth $1,169,000 after buying an additional 11,000 shares during the period. PNC Financial Services Group Inc. lifted its stake in Enel Chile by 348.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 83,940 shares of the utilities provider’s stock valued at $272,000 after acquiring an additional 65,212 shares during the period. Finally, Victory Capital Management Inc. boosted its holdings in shares of Enel Chile by 42.3% in the 2nd quarter. Victory Capital Management Inc. now owns 263,496 shares of the utilities provider’s stock valued at $738,000 after acquiring an additional 78,354 shares during the last quarter. Institutional investors and hedge funds own 3.20% of the company’s stock.

Enel Chile Stock Down 1.4 %

Enel Chile stock opened at $2.77 on Friday. Enel Chile S.A. has a 52 week low of $2.51 and a 52 week high of $3.53. The firm has a market cap of $3.83 billion, a price-to-earnings ratio of 5.33 and a beta of 1.16. The business’s 50-day moving average price is $2.73 and its 200 day moving average price is $2.84.

Enel Chile (NYSE:ENIC) last posted its earnings results on Thursday, July 25th. The utilities provider reported $0.08 earnings per share for the quarter. Enel Chile had a net margin of 18.01% and a return on equity of 61.15%. The firm had revenue of $1.35 billion during the quarter. Equities analysts expect that Enel Chile S.A. will post 0.36 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Enel Chile from a “hold” rating to a “buy” rating in a research report 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.