FY2024 EPS Estimates for Enel Chile Boosted by Scotiabank

Enel Chile S.A. (NYSE:ENIC) – Scotiabank increased their FY2024 EPS estimates for shares of Enel Chile in a report released on Wednesday, January 8th. Scotiabank analyst T. Gonzalez now forecasts that the utilities provider will post earnings per share of $0.45 for the year, up from their previous forecast of $0.36. Scotiabank has a “Sector Perform” rating and a $3.90 price objective on the stock. The consensus estimate for Enel Chile’s current full-year earnings is $0.36 per share. Scotiabank also issued estimates for Enel Chile’s FY2026 earnings at $0.38 EPS.

Enel Chile Price Performance

ENIC stock opened at $2.88 on Friday. Enel Chile has a 1 year low of $2.51 and a 1 year high of $3.24. The firm has a market capitalization of $3.98 billion, a P/E ratio of 4.72 and a beta of 1.16. The business’s 50-day moving average is $2.81 and its two-hundred day moving average is $2.78.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in ENIC. Cubist Systematic Strategies LLC raised its holdings 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 valued at $31,000 after purchasing an additional 11,147 shares in the last quarter. Savvy Advisors Inc. acquired a new stake in Enel Chile in the third quarter valued at $52,000. Townsquare Capital LLC purchased a new stake in Enel Chile during the 3rd quarter worth about $65,000. International Assets Investment Management LLC increased its holdings in shares of Enel Chile by 179.0% in 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 last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Enel Chile during the 3rd quarter worth about $100,000. Hedge funds and other institutional investors own 3.20% of the company’s stock.

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.