State Street Corp Increases Holdings in Enel Chile S.A. (NYSE:ENIC)

State Street Corp grew its holdings in shares of Enel Chile S.A. (NYSE:ENIC) by 0.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,933,466 shares of the utilities provider’s stock after acquiring an additional 18,334 shares during the period. State Street Corp owned about 0.21% of Enel Chile worth $8,184,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Creative Planning increased its holdings in Enel Chile by 3.8% in the 2nd quarter. Creative Planning now owns 118,042 shares of the utilities provider’s stock valued at $331,000 after acquiring an additional 4,323 shares during the last quarter. Inspire Advisors LLC grew its position in Enel Chile by 9.9% in the third quarter. Inspire Advisors LLC now owns 54,622 shares of the utilities provider’s stock worth $152,000 after acquiring an additional 4,903 shares in the last quarter. Cubist Systematic Strategies LLC raised its stake in shares of Enel Chile by 1,114,700.0% in the second quarter. Cubist Systematic Strategies LLC now owns 11,148 shares of the utilities provider’s stock valued at $31,000 after acquiring an additional 11,147 shares during the period. Vanguard Personalized Indexing Management LLC boosted its stake in shares of Enel Chile by 26.8% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 60,714 shares of the utilities provider’s stock worth $170,000 after purchasing an additional 12,821 shares during the period. Finally, Savvy Advisors Inc. purchased a new stake in Enel Chile in the 3rd quarter worth about $52,000. 3.20% of the stock is currently owned by institutional investors.

Enel Chile Stock Performance

NYSE:ENIC opened at $2.94 on Friday. The firm has a 50-day simple moving average of $2.79 and a 200-day simple moving average of $2.77. The firm has a market cap of $4.07 billion, a P/E ratio of 4.82 and a beta of 1.16. Enel Chile S.A. has a one year low of $2.51 and a one year high of $3.28.

Analyst Upgrades and Downgrades

Separately, Scotiabank downgraded shares of Enel Chile from a “sector outperform” rating to a “sector perform” rating and set a $3.90 price target on the stock. in a research note on Friday, November 22nd.

Enel Chile 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.