Adero Partners LLC Grows Stake in Enel Chile S.A. (NYSE:ENIC)

Adero Partners LLC raised its stake in Enel Chile S.A. (NYSE:ENIC) by 123.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 28,823 shares of the utilities provider’s stock after acquiring an additional 15,900 shares during the period. Adero Partners LLC’s holdings in Enel Chile were worth $83,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Stifel Financial Corp lifted its holdings in shares of Enel Chile by 644.7% during the third 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 in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Enel Chile by 100.0% during the third 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 purchasing an additional 107,316 shares in the last quarter. Walleye Capital LLC bought a new position in shares of Enel Chile during the third quarter valued at $1,023,000. Oppenheimer Asset Management Inc. lifted its holdings in shares of Enel Chile by 52.2% during the third quarter. Oppenheimer Asset Management Inc. now owns 82,680 shares of the utilities provider’s stock valued at $231,000 after purchasing an additional 28,339 shares in the last quarter. Finally, State Street Corp lifted its holdings in shares of Enel Chile by 0.6% during the third 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 in the last quarter. 3.20% of the stock is owned by hedge funds and other institutional investors.

Enel Chile Stock Performance

ENIC stock opened at $3.22 on Friday. The business’s 50-day moving average is $2.90 and its two-hundred day moving average is $2.79. The company has a market cap of $4.45 billion, a price-to-earnings ratio of 5.27 and a beta of 1.12. Enel Chile S.A. has a fifty-two week low of $2.51 and a fifty-two week high of $3.24.

Enel Chile Increases Dividend

The business also recently declared a dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, January 17th were given a $0.0463 dividend. This is a boost from Enel Chile’s previous dividend of $0.03. The ex-dividend date was Friday, January 17th. Enel Chile’s dividend payout ratio is presently 36.07%.

Wall Street Analysts Forecast Growth

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

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.