Fmr LLC Has $30,000 Stock Position in Enel Chile S.A. (NYSE:ENIC)

Fmr LLC reduced its position in shares of Enel Chile S.A. (NYSE:ENIC) by 41.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 10,586 shares of the utilities provider’s stock after selling 7,581 shares during the quarter. Fmr LLC’s holdings in Enel Chile were worth $30,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Cubist Systematic Strategies LLC increased its holdings in Enel Chile by 1,114,700.0% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 11,148 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 11,147 shares in the last quarter. Savvy Advisors Inc. purchased a new stake in Enel Chile in the 3rd quarter valued at $52,000. International Assets Investment Management LLC lifted its stake 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 in the last quarter. Adero Partners LLC grew its stake in shares of Enel Chile by 119.0% in the 2nd quarter. Adero Partners LLC now owns 34,924 shares of the utilities provider’s stock worth $98,000 after acquiring an additional 18,974 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of Enel Chile in the third quarter valued at about $100,000. Institutional investors own 3.20% of the company’s stock.

Enel Chile Stock Performance

NYSE ENIC opened at $2.98 on Thursday. The company has a market capitalization of $4.12 billion, a P/E ratio of 4.89 and a beta of 1.16. Enel Chile S.A. has a 52-week low of $2.51 and a 52-week high of $3.40. The company has a fifty day moving average of $2.78 and a 200-day moving average of $2.77.

Wall Street Analyst Weigh In

Separately, Scotiabank cut 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 report 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.