Enel Chile S.A. (NYSE:ENIC) Shares Sold by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. lessened its position in Enel Chile S.A. (NYSE:ENIC) by 6.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,227,457 shares of the utilities provider’s stock after selling 83,100 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned about 0.09% of Enel Chile worth $3,535,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. State Street Corp grew its stake in Enel Chile by 0.6% during the 3rd 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 in the last quarter. Helikon Investments Ltd lifted its position in Enel Chile by 14.7% during the fourth quarter. Helikon Investments Ltd now owns 2,112,723 shares of the utilities provider’s stock worth $6,085,000 after buying an additional 270,545 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Enel Chile by 1.9% during 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 last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Enel Chile by 10.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 521,481 shares of the utilities provider’s stock worth $1,502,000 after acquiring an additional 50,000 shares during the last quarter. Finally, Walleye Capital LLC purchased a new position in shares of Enel Chile during the 3rd quarter worth $1,023,000. 3.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Scotiabank cut shares of Enel Chile from a “sector outperform” rating to a “sector perform” rating and set a $3.90 price objective for the company. in a research report on Friday, November 22nd. StockNews.com cut Enel Chile from a “buy” rating to a “hold” rating in a report on Monday, March 3rd.

Enel Chile Trading Up 1.9 %

Shares of ENIC opened at $3.47 on Tuesday. The company’s 50-day moving average price is $3.18 and its 200 day moving average price is $2.91. Enel Chile S.A. has a 12-month low of $2.51 and a 12-month high of $3.50. The firm has a market cap of $4.79 billion, a P/E ratio of 5.68 and a beta of 1.12.

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.