Cubist Systematic Strategies LLC Increases Holdings in Enel Chile S.A. (NYSE:ENIC)

Cubist Systematic Strategies LLC boosted its stake in Enel Chile S.A. (NYSE:ENIC) by 1,114,700.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,148 shares of the utilities provider’s stock after acquiring an additional 11,147 shares during the period. Cubist Systematic Strategies LLC’s holdings in Enel Chile were worth $31,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Teachers Retirement System of The State of Kentucky purchased a new position in shares of Enel Chile in the fourth quarter worth about $3,398,000. Hantz Financial Services Inc. purchased a new stake in shares of Enel Chile during the second quarter worth $786,000. Marshall Wace LLP bought a new position in shares of Enel Chile in the second quarter worth $474,000. Banco BTG Pactual S.A. bought a new stake in shares of Enel Chile during the 1st quarter valued at $366,000. Finally, Helikon Investments Ltd boosted its stake in Enel Chile by 4.7% in the 2nd quarter. Helikon Investments Ltd now owns 1,842,178 shares of the utilities provider’s stock worth $5,158,000 after purchasing an additional 82,734 shares during the period. 3.20% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Enel Chile from a “hold” rating to a “buy” rating in a report on Friday, August 9th.

Enel Chile Trading Down 2.1 %

Enel Chile stock opened at $2.62 on Wednesday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.83 and a current ratio of 0.85. Enel Chile S.A. has a fifty-two week low of $2.51 and a fifty-two week high of $3.53. The stock has a market cap of $3.62 billion, a P/E ratio of 5.03 and a beta of 1.16. The firm’s fifty day moving average price is $2.72 and its 200-day moving average price is $2.86.

Enel Chile (NYSE:ENIC) last released its quarterly earnings results on Thursday, July 25th. The utilities provider reported $0.08 earnings per share for the quarter. Enel Chile had a return on equity of 61.15% and a net margin of 18.01%. The firm had revenue of $1.35 billion for the quarter. Equities research analysts forecast that Enel Chile S.A. will post 0.36 earnings per share for the current fiscal year.

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.