Savvy Advisors Inc. Makes New $52,000 Investment in Enel Chile S.A. (NYSE:ENIC)

Savvy Advisors Inc. acquired a new position in shares of Enel Chile S.A. (NYSE:ENIC) in the 3rd quarter, Holdings Channel.com reports. The fund acquired 18,590 shares of the utilities provider’s stock, valued at approximately $52,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Wealthstream Advisors Inc. acquired a new stake in shares of Enel Chile in the 2nd quarter valued at about $29,000. Cubist Systematic Strategies LLC raised its position in Enel Chile by 1,114,700.0% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 11,148 shares of the utilities provider’s stock valued at $31,000 after buying an additional 11,147 shares during the last quarter. Inspire Investing LLC acquired a new position in Enel Chile during the 1st quarter worth approximately $32,000. International Assets Investment Management LLC grew its stake in shares of Enel Chile by 179.0% during the 3rd quarter. International Assets Investment Management LLC now owns 33,832 shares of the utilities provider’s stock worth $94,000 after acquiring an additional 21,706 shares in the last quarter. Finally, Adero Partners LLC lifted its position in shares of Enel Chile by 119.0% in the second 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 in the last quarter. 3.20% of the stock is currently owned by institutional investors and hedge funds.

Enel Chile Trading Up 1.5 %

Shares of ENIC opened at $2.72 on Thursday. The company has a market cap of $3.76 billion, a price-to-earnings ratio of 4.46 and a beta of 1.16. The company’s fifty day simple moving average is $2.72 and its 200 day simple moving average is $2.81. Enel Chile S.A. has a 1-year low of $2.51 and a 1-year high of $3.53.

Analysts Set New Price Targets

Several equities research analysts have issued reports on ENIC shares. Scotiabank lowered their price target on shares of Enel Chile from $4.40 to $3.90 and set a “sector outperform” rating on the stock in a research note on Wednesday, October 30th. StockNews.com upgraded Enel Chile from a “hold” rating to a “buy” rating in a report on Friday, August 9th.

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.