UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Boosts Stock Holdings in Enel Chile S.A. (NYSE:ENIC)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Enel Chile S.A. (NYSE:ENIC) by 100.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 214,632 shares of the utilities provider’s stock after purchasing an additional 107,316 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Enel Chile were worth $599,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the business. Creative Planning raised its holdings in Enel Chile by 3.8% during the second quarter. Creative Planning now owns 118,042 shares of the utilities provider’s stock worth $331,000 after purchasing an additional 4,323 shares during the last quarter. Inspire Advisors LLC grew its stake in Enel Chile by 9.9% in the 3rd quarter. Inspire Advisors LLC now owns 54,622 shares of the utilities provider’s stock valued at $152,000 after acquiring an additional 4,903 shares during the last quarter. Wealthstream Advisors Inc. purchased a new position in shares of Enel Chile during the 2nd quarter worth approximately $29,000. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in Enel Chile by 2.7% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 417,347 shares of the utilities provider’s stock valued at $1,169,000 after buying an additional 11,000 shares during the last quarter. Finally, Cubist Systematic Strategies LLC increased its position 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 buying an additional 11,147 shares in the last quarter. 3.20% of the stock is currently owned by hedge funds and other institutional investors.

Enel Chile Stock Up 3.9 %

Shares of NYSE:ENIC opened at $2.94 on Friday. The company has a market cap of $4.07 billion, a P/E ratio of 4.82 and a beta of 1.16. The business has a fifty day simple moving average of $2.78 and a 200-day simple moving average of $2.77. Enel Chile S.A. has a 52 week low of $2.51 and a 52 week high of $3.41.

Analyst Upgrades and Downgrades

Separately, Scotiabank lowered Enel Chile from a “sector outperform” rating to a “sector perform” rating and set a $3.90 price objective on the stock. in a research note on Friday, November 22nd.

Enel Chile Company 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.