FY2025 Earnings Forecast for Enel Chile Issued By Scotiabank

Enel Chile S.A. (NYSE:ENIC) – Scotiabank raised their FY2025 earnings per share estimates for shares of Enel Chile in a note issued to investors on Wednesday, January 8th. Scotiabank analyst T. Gonzalez now forecasts that the utilities provider will earn $0.34 per share for the year, up from their previous estimate of $0.23. Scotiabank has a “Sector Perform” rating and a $3.90 price target on the stock. The consensus estimate for Enel Chile’s current full-year earnings is $0.36 per share.

Enel Chile Price Performance

NYSE:ENIC opened at $2.88 on Monday. The firm has a market cap of $3.98 billion, a PE ratio of 4.72 and a beta of 1.11. The company has a 50-day moving average of $2.81 and a 200 day moving average of $2.78. Enel Chile has a 1-year low of $2.51 and a 1-year high of $3.24.

Institutional Investors Weigh In On Enel Chile

A number of large investors have recently modified their holdings of the business. Cubist Systematic Strategies LLC increased 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 worth $31,000 after acquiring an additional 11,147 shares during the period. Savvy Advisors Inc. purchased a new stake in shares of Enel Chile in the third quarter valued at approximately $52,000. Townsquare Capital LLC purchased a new position in shares of Enel Chile during the 3rd quarter valued at approximately $65,000. International Assets Investment Management LLC increased its holdings in 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 worth $94,000 after acquiring an additional 21,706 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new position in Enel Chile during the third quarter valued at $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.