FY2024 Earnings Forecast for Enel Chile Issued By Scotiabank

Enel Chile S.A. (NYSE:ENIC) – Scotiabank raised their FY2024 earnings per share estimates for Enel Chile in a research report issued on Wednesday, January 8th. Scotiabank analyst T. Gonzalez now forecasts that the utilities provider will post earnings of $0.45 per share for the year, up from their previous estimate of $0.36. Scotiabank has a “Sector Perform” rating and a $3.90 price objective on the stock. The consensus estimate for Enel Chile’s current full-year earnings is $0.36 per share. Scotiabank also issued estimates for Enel Chile’s FY2026 earnings at $0.38 EPS.

Enel Chile Stock Performance

Shares of NYSE:ENIC opened at $2.88 on Friday. Enel Chile has a 12-month low of $2.51 and a 12-month high of $3.24. The company has a market cap of $3.98 billion, a PE ratio of 4.72 and a beta of 1.16. The stock has a 50 day moving average of $2.80 and a 200 day moving average of $2.77.

Institutional Trading of Enel Chile

Several institutional investors and hedge funds have recently modified their holdings of ENIC. Walleye Capital LLC bought a new stake in Enel Chile during the third quarter valued at about $1,023,000. Stifel Financial Corp raised its stake in Enel Chile by 644.7% during the 3rd quarter. Stifel Financial Corp now owns 208,509 shares of the utilities provider’s stock valued at $582,000 after purchasing an additional 180,509 shares during the period. Marshall Wace LLP purchased a new position in Enel Chile in the 2nd quarter worth approximately $474,000. Public Employees Retirement System of Ohio purchased a new stake in Enel Chile during the 3rd quarter valued at approximately $453,000. Finally, Blue Trust Inc. raised its position in shares of Enel Chile by 162.4% during the third quarter. Blue Trust Inc. now owns 204,665 shares of the utilities provider’s stock valued at $573,000 after buying an additional 126,657 shares during the last quarter. 3.20% of the stock is currently owned by 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.