Oppenheimer Asset Management Inc. Buys 28,339 Shares of Enel Chile S.A. (NYSE:ENIC)

Oppenheimer Asset Management Inc. increased its stake in Enel Chile S.A. (NYSE:ENIC) by 52.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 82,680 shares of the utilities provider’s stock after buying an additional 28,339 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Enel Chile were worth $231,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Wealthstream Advisors Inc. purchased a new position in shares of Enel Chile in the 2nd quarter valued at approximately $29,000. Cubist Systematic Strategies LLC grew its position 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 worth $31,000 after buying an additional 11,147 shares during the period. Savvy Advisors Inc. bought a new position in shares of Enel Chile in the 3rd quarter worth about $52,000. International Assets Investment Management LLC lifted 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 valued at $94,000 after acquiring an additional 21,706 shares during the period. Finally, Adero Partners LLC grew its holdings in Enel Chile by 119.0% in the second quarter. Adero Partners LLC now owns 34,924 shares of the utilities provider’s stock worth $98,000 after purchasing an additional 18,974 shares during the period. 3.20% of the stock is currently owned by hedge funds and other institutional investors.

Enel Chile Stock Up 0.4 %

Shares of NYSE ENIC opened at $2.81 on Thursday. The company has a 50 day moving average of $2.73 and a 200 day moving average of $2.81. Enel Chile S.A. has a twelve month low of $2.51 and a twelve month high of $3.53. The firm has a market cap of $3.89 billion, a P/E ratio of 4.61 and a beta of 1.16.

Wall Street Analysts Forecast Growth

ENIC has been the subject of a number of analyst reports. StockNews.com raised Enel Chile from a “hold” rating to a “buy” rating in a research report on Friday, August 9th. Scotiabank lowered their price target on Enel Chile from $4.40 to $3.90 and set a “sector outperform” rating for the company in a research report on Wednesday, October 30th.

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.