Blue Trust Inc. Purchases 24,425 Shares of Enel Chile S.A. (NYSE:ENIC)

Blue Trust Inc. grew its holdings in shares of Enel Chile S.A. (NYSE:ENIC) by 11.9% during the 4th quarter, HoldingsChannel reports. The fund owned 229,090 shares of the utilities provider’s stock after acquiring an additional 24,425 shares during the quarter. Blue Trust Inc.’s holdings in Enel Chile were worth $639,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the business. Ballentine Partners LLC increased its stake in Enel Chile by 71.6% in the 4th quarter. Ballentine Partners LLC now owns 39,987 shares of the utilities provider’s stock worth $115,000 after purchasing an additional 16,690 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Enel Chile by 1.9% in the third quarter. JPMorgan Chase & Co. now owns 805,213 shares of the utilities provider’s stock worth $2,247,000 after buying an additional 15,250 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in Enel Chile during the 3rd quarter valued at $453,000. State Street Corp increased its position in shares of Enel Chile by 0.6% in the third quarter. State Street Corp now owns 2,933,466 shares of the utilities provider’s stock valued at $8,184,000 after acquiring an additional 18,334 shares during the period. Finally, Stifel Financial Corp raised its stake 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 acquiring an additional 180,509 shares during the last quarter. Hedge funds and other institutional investors own 3.20% of the company’s stock.

Enel Chile Stock Up 1.2 %

NYSE:ENIC opened at $3.04 on Friday. Enel Chile S.A. has a twelve month low of $2.51 and a twelve month high of $3.24. The stock has a market cap of $4.20 billion, a P/E ratio of 4.98 and a beta of 1.11. The firm’s fifty day simple moving average is $2.87 and its 200 day simple moving average is $2.79.

Enel Chile Increases Dividend

The business also recently declared a dividend, which was paid on Friday, January 17th. Investors of record on Friday, January 17th were given a dividend of $0.0463 per share. The ex-dividend date of this dividend was Friday, January 17th. This is a boost from Enel Chile’s previous dividend of $0.03. Enel Chile’s payout ratio is currently 37.70%.

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 target on the stock. in a report on Friday, November 22nd.

Enel Chile 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.