Brandes Investment Partners LP has recently announced that it has increased stake in Enel Chile S.A. (NYSE:ENIC) by 457.33%. After grabbing 6.27 million shares, the institutional investor is now in possession of 5.15 million shares of the Utilities Company. The new investment brought the stake of investor firm to 0.45% having worth around $17.63 million. Moreover, SSgA Funds Management, Inc. increased its share by 0.11 million to have a control over 2.43 million shares. And Renaissance Technologies LLC raised its holdings to 36200.0 shares by acquiring 1.62 million shares or 0.12% of the stake.
Enel Chile S.A. (ENIC) concluded trading on 05/24/23 at a closing price of $2.93, with 2.27 million shares of worth about $6.66 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 50.26% during that period and on Wednesday the price saw a gain of about 0.34%. Currently the company’s common shares owned by public are about 1.38B shares, out of which, 496.65M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 8 analysts are covering the ENIC stock and their offered price forecasts bring an average price target of $2834.08. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $4844.82 and could fall to a lowest price of $1730.54. The stock’s current price level is 10.4% above of average price target set by the analysts, while a rise to estimated low would result in gain of 99.83% for the stock. However, touching the estimated high of $4844.82 would mean a gain of 99.94% for the stock.
NEF – Ethical Global Trends SDG, SPDR Portfolio Emerging Markets E, and Nikko Asset Developed Countries C are the top 3 mutual funds which are holding stakes in Enel Chile S.A. NEF – Ethical Global Trends SDG is currently holding 8.36 million shares of worth totaling $23.48 million. The company recently came selling 7026.0 shares which brought its stake up to 0.60% of the company’s outstanding shares. Nikko Asset Developed Countries C, after buying 0.79 million shares, have now control over 0.06% of the stake in the company. It holds 0.27 million shares of worth $2.23 million.
Enel Chile S.A. (NYSE: ENIC) started trading at $2.90, below -$0.02 from concluding price of the previous day. However, the stock later moved at a day high price of 2.9350, or with a gain of 0.34%. Stock saw a price change of -4.87% in past 5 days and over the past one month there was a price change of 9.74%. Year-to-date (YTD), ENIC shares are showing a performance of 30.22% which increased to 113.87% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.98 but also hit the highest price of $3.12 during that period. The average intraday trading volume for Enel Chile S.A. shares is 788.54K. The stock is currently trading 0.76% above its 20-day simple moving average (SMA20), while that difference is up 9.31% for SMA50 and it goes to 39.23% higher than SMA200.
Brandes Investment Partners LP acquired 6.27 million shares of Enel Chile S.A. having value of about $17.63 million. Data submitted at the U.S SEC by Brandes Investment Partners LP revealed that the firm now holds 5.15 million shares in the company valued at close to $15086675.48, or have control over 457.33% stake in the company. Enel Chile S.A. (NYSE: ENIC) currently have 1.38B outstanding shares and institutions hold larger chunk of about 2.80% of that. Holding of mutual funds in the company is about 1.08% while other institutional holders and individual stake holders have control over 1.77% and — of the stake respectively.
The stock has a current market capitalization of $4.40B and its 3Y-monthly beta is at 1.06. PE ratio of stock for trailing 12 months is 2.42, while it has posted earnings per share of $1.21 in the same period. It has Quick Ratio of 0.90 while making debt-to-equity ratio of 0.56. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ENIC, volatility over the week remained 4.11% while standing at 3.78% over the month.
Analysts are in expectations that Enel Chile S.A. (ENIC) stock would likely to be making an EPS of $23.75 in the current quarter, while forecast for next quarter EPS is $39.59 and it is $292.36 for next year. For the current quarter EPS, analysts have given the company a lowest target $23.75 which is $23.75 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$8 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -68.80% while it is estimated to increase by 3.70% in next year.
Analysts at 8 brokerage firms have issued recommendations for the Enel Chile S.A. (ENIC)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.60. Out of those 8 Wall Street analysts, 5 recommended a “Buy” rating, while 2 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
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