Enel Chile (NYSE:ENIC) Sees Strong Trading Volume

Shares of Enel Chile S.A. (NYSE:ENIC) saw unusually-high trading volume on Tuesday . Approximately 1,179,230 shares were traded during mid-day trading, an increase of 131% from the previous session’s volume of 510,009 shares.The stock last traded at $2.74 and had previously closed at $2.74.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Enel Chile from a “hold” rating to a “buy” rating in a research note on Friday, August 9th.

Enel Chile Stock Performance

The company has a quick ratio of 0.83, a current ratio of 0.85 and a debt-to-equity ratio of 0.05. The company has a fifty day moving average price of $2.79 and a 200 day moving average price of $2.90. The stock has a market cap of $3.62 billion, a PE ratio of 5.04 and a beta of 1.17.

Enel Chile (NYSE:ENIC) last announced its quarterly earnings data on Thursday, July 25th. The utilities provider reported $0.08 earnings per share for the quarter. Enel Chile had a return on equity of 61.15% and a net margin of 18.01%. The firm had revenue of $1.35 billion during the quarter.

Institutional Trading of Enel Chile

Institutional investors have recently modified their holdings of the company. Brandes Investment Partners LP boosted its holdings in Enel Chile by 28.2% in the fourth quarter. Brandes Investment Partners LP now owns 3,586,182 shares of the utilities provider’s stock valued at $11,619,000 after acquiring an additional 789,016 shares in the last quarter. Teachers Retirement System of The State of Kentucky bought a new position in Enel Chile in the fourth quarter worth about $3,398,000. Team Hewins LLC purchased a new stake in Enel Chile in the fourth quarter worth about $198,000. Dynamic Technology Lab Private Ltd bought a new stake in Enel Chile during the 4th quarter valued at approximately $71,000. Finally, Quadrature Capital Ltd raised its position in shares of Enel Chile by 23.6% in the 4th quarter. Quadrature Capital Ltd now owns 170,079 shares of the utilities provider’s stock worth $549,000 after acquiring an additional 32,442 shares in the last quarter. 3.20% of the stock is currently owned by hedge funds and other institutional investors.

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.