Stifel Financial Corp Raises Stake in Enel Chile S.A. (NYSE:ENIC)

Stifel Financial Corp grew its stake in shares of Enel Chile S.A. (NYSE:ENIC) by 644.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 208,509 shares of the utilities provider’s stock after buying an additional 180,509 shares during the period. Stifel Financial Corp’s holdings in Enel Chile were worth $582,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Walleye Capital LLC bought a new stake in shares of Enel Chile during the 3rd quarter worth $1,023,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Enel Chile by 100.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 214,632 shares of the utilities provider’s stock valued at $599,000 after purchasing an additional 107,316 shares during the period. Oppenheimer Asset Management Inc. lifted its holdings in Enel Chile by 52.2% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 82,680 shares of the utilities provider’s stock worth $231,000 after buying an additional 28,339 shares during the period. Hantz Financial Services Inc. bought a new stake in shares of Enel Chile in the 2nd quarter worth approximately $786,000. Finally, NBC Securities Inc. raised its holdings in shares of Enel Chile by 44.9% during the third quarter. NBC Securities Inc. now owns 69,279 shares of the utilities provider’s stock valued at $193,000 after acquiring an additional 21,466 shares in the last quarter. 3.20% of the stock is owned by hedge funds and other institutional investors.

Enel Chile Stock Performance

Shares of NYSE ENIC opened at $2.95 on Friday. The company has a 50 day simple moving average of $2.78 and a two-hundred day simple moving average of $2.77. Enel Chile S.A. has a fifty-two week low of $2.51 and a fifty-two week high of $3.30. The company has a market capitalization of $4.08 billion, a price-to-earnings ratio of 4.84 and a beta of 1.16.

Analyst Upgrades and Downgrades

Separately, Scotiabank lowered shares of Enel Chile from a “sector outperform” rating to a “sector perform” rating and set a $3.90 price objective for the company. in a report on Friday, November 22nd.

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.