243,000 Shares in Enel Chile S.A. (NYSE:ENIC) Acquired by Lingohr Asset Management GmbH

Lingohr Asset Management GmbH bought a new position in shares of Enel Chile S.A. (NYSE:ENIC) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 243,000 shares of the utilities provider’s stock, valued at approximately $682,000. Enel Chile accounts for about 1.4% of Lingohr Asset Management GmbH’s investment portfolio, making the stock its 26th largest position.

Other large investors have also added to or reduced their stakes in the company. Advisors Preferred LLC acquired a new stake in Enel Chile during the fourth quarter worth approximately $25,000. Intelligence Driven Advisers LLC acquired a new stake in Enel Chile in the fourth quarter valued at approximately $31,000. Caprock Group LLC acquired a new stake in Enel Chile in the fourth quarter valued at approximately $32,000. Wealthstream Advisors Inc. acquired a new stake in Enel Chile in the fourth quarter valued at approximately $37,000. Finally, Truist Financial Corp acquired a new stake in Enel Chile in the fourth quarter valued at approximately $38,000. Institutional investors and hedge funds own 3.20% of the company’s stock.

Enel Chile Stock Up 1.0 %

ENIC stock opened at $3.45 on Thursday. Enel Chile S.A. has a twelve month low of $2.51 and a twelve month high of $3.50. The stock’s 50 day moving average is $3.21 and its 200-day moving average is $2.92. The firm has a market capitalization of $4.77 billion, a PE ratio of 5.65 and a beta of 1.12.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Scotiabank cut 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 note on Friday, November 22nd. StockNews.com cut Enel Chile from a “buy” rating to a “hold” rating in a research note on Monday, March 3rd.

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.