Enel Chile (NYSE:ENIC) Downgraded by StockNews.com to Hold

StockNews.com downgraded shares of Enel Chile (NYSE:ENIC) from a buy rating to a hold rating in a research note released on Monday.

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

Enel Chile Stock Performance

Shares of NYSE ENIC opened at $3.31 on Monday. The firm has a market cap of $4.58 billion, a P/E ratio of 5.43 and a beta of 1.12. Enel Chile has a 1 year low of $2.51 and a 1 year high of $3.49. The firm’s 50 day moving average price is $3.08 and its 200 day moving average price is $2.87.

Institutional Trading of Enel Chile

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Advisors Preferred LLC acquired a new stake in shares of Enel Chile during the 4th quarter valued at approximately $25,000. Intelligence Driven Advisers LLC bought a new stake in Enel Chile during the fourth quarter worth approximately $31,000. Caprock Group LLC bought a new stake in Enel Chile in the fourth quarter worth about $32,000. Wealthstream Advisors Inc. acquired a new position in Enel Chile in the fourth quarter worth approximately $37,000. Finally, Truist Financial Corp purchased a new position in Enel Chile in the 4th quarter worth about $38,000. Institutional investors own 3.20% of the company’s stock.

About Enel Chile

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.