JPMorgan Chase & Co. Acquires 15,250 Shares of Enel Chile S.A. (NYSE:ENIC)

JPMorgan Chase & Co. grew its holdings in Enel Chile S.A. (NYSE:ENIC) by 1.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 805,213 shares of the utilities provider’s stock after purchasing an additional 15,250 shares during the period. JPMorgan Chase & Co. owned approximately 0.06% of Enel Chile worth $2,247,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Public Employees Retirement System of Ohio bought a new position in shares of Enel Chile in the 3rd quarter valued at $453,000. State Street Corp increased its stake in shares of Enel Chile by 0.6% in the 3rd quarter. State Street Corp now owns 2,933,466 shares of the utilities provider’s stock valued at $8,184,000 after purchasing an additional 18,334 shares during the last quarter. Stifel Financial Corp increased its stake in shares of Enel Chile by 644.7% in the 3rd quarter. Stifel Financial Corp now owns 208,509 shares of the utilities provider’s stock valued at $582,000 after purchasing an additional 180,509 shares during the last quarter. Walleye Capital LLC bought a new position in shares of Enel Chile in the 3rd quarter valued at $1,023,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Enel Chile by 100.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 214,632 shares of the utilities provider’s stock valued at $599,000 after acquiring an additional 107,316 shares in the last quarter. Institutional investors own 3.20% of the company’s stock.

Analyst Upgrades and Downgrades

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

Enel Chile Stock Up 2.9 %

NYSE ENIC opened at $2.98 on Wednesday. Enel Chile S.A. has a twelve month low of $2.51 and a twelve month high of $3.24. The company has a market cap of $4.12 billion, a price-to-earnings ratio of 4.88 and a beta of 1.11. The business’s fifty day moving average is $2.83 and its 200 day moving average is $2.78.

Enel Chile Increases Dividend

The business also recently announced a dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, January 17th were issued a dividend of $0.0463 per share. The ex-dividend date of this dividend was Friday, January 17th. This is an increase from Enel Chile’s previous dividend of $0.03. Enel Chile’s payout ratio is presently 36.07%.

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.