Enel Chile (NYSE:ENIC) Reaches New 12-Month Low at $2.58

Enel Chile S.A. (NYSE:ENIC)’s stock price reached a new 52-week low during trading on Monday . The company traded as low as $2.58 and last traded at $2.62, with a volume of 107718 shares trading hands. The stock had previously closed at $2.74.

Enel Chile Stock Performance

The company has a quick ratio of 0.83, a current ratio of 0.85 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $3.65 billion, a price-to-earnings ratio of 5.08 and a beta of 1.17. The business has a 50-day moving average price of $2.83 and a 200-day moving average price of $2.92.

Enel Chile Increases Dividend

The business also recently announced a semi-annual dividend, which was paid on Wednesday, May 22nd. Shareholders of record on Friday, January 1st were given a dividend of $0.2093 per share. This represents a yield of 7.3%. The ex-dividend date of this dividend was Wednesday, May 22nd. This is an increase from Enel Chile’s previous semi-annual dividend of $0.03. Enel Chile’s payout ratio is currently 40.39%.

Institutional Investors Weigh In On Enel Chile

Large investors have recently made changes to their positions in the stock. Victory Capital Management Inc. boosted its position in Enel Chile by 42.3% in the second quarter. Victory Capital Management Inc. now owns 263,496 shares of the utilities provider’s stock valued at $738,000 after buying an additional 78,354 shares during the last quarter. Hantz Financial Services Inc. purchased a new position in shares of Enel Chile during the second quarter worth $786,000. Helikon Investments Ltd boosted its holdings in Enel Chile by 4.7% in the second quarter. Helikon Investments Ltd now owns 1,842,178 shares of the utilities provider’s stock valued at $5,158,000 after purchasing an additional 82,734 shares during the last quarter. Adero Partners LLC grew its position in Enel Chile by 119.0% during the 2nd quarter. Adero Partners LLC now owns 34,924 shares of the utilities provider’s stock worth $98,000 after purchasing an additional 18,974 shares during the period. Finally, Wealthstream Advisors Inc. purchased a new position in shares of Enel Chile during the 2nd quarter valued at about $29,000. 3.20% of the stock is owned by hedge funds and other institutional investors.

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.