Scotiabank Has Lowered Expectations for Enel Chile (NYSE:ENIC) Stock Price

Enel Chile (NYSE:ENIC) had its price target decreased by equities researchers at Scotiabank from $4.40 to $3.90 in a report issued on Wednesday, Benzinga reports. The brokerage presently has a “sector outperform” rating on the utilities provider’s stock. Scotiabank’s target price would suggest a potential upside of 42.60% from the company’s previous close.

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 Stock Up 0.6 %

Shares of NYSE ENIC opened at $2.74 on Wednesday. Enel Chile has a twelve month low of $2.51 and a twelve month high of $3.53. The stock’s 50 day moving average price is $2.72 and its 200-day moving average price is $2.83. The company has a market capitalization of $3.78 billion, a PE ratio of 5.26 and a beta of 1.16.

Institutional Investors Weigh In On Enel Chile

A number of hedge funds have recently modified their holdings of the stock. Creative Planning raised its holdings in shares of Enel Chile by 3.8% in the 2nd 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 period. Inspire Advisors LLC raised its holdings in Enel Chile by 9.9% during 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 period. Lesa Sroufe & Co raised its holdings in Enel Chile by 0.8% during the 2nd quarter. Lesa Sroufe & Co now owns 700,000 shares of the utilities provider’s stock valued at $1,960,000 after acquiring an additional 5,852 shares during the period. Wealthstream Advisors Inc. bought a new stake in Enel Chile during the 2nd quarter valued at $29,000. Finally, Inspire Investing LLC bought a new stake in Enel Chile during the 1st quarter valued at $32,000. 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.