Enel Chile S.A. (NYSE:ENIC) Shares Bought by Helikon Investments Ltd

Helikon Investments Ltd grew its stake in shares of Enel Chile S.A. (NYSE:ENIC) by 14.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,112,723 shares of the utilities provider’s stock after acquiring an additional 270,545 shares during the period. Enel Chile comprises about 0.6% of Helikon Investments Ltd’s holdings, making the stock its 17th biggest position. Helikon Investments Ltd owned about 0.15% of Enel Chile worth $6,085,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of ENIC. Cubist Systematic Strategies LLC grew its position in shares of Enel Chile by 1,114,700.0% in the second quarter. Cubist Systematic Strategies LLC now owns 11,148 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 11,147 shares during the last quarter. Savvy Advisors Inc. acquired a new stake in Enel Chile during the 3rd quarter valued at $52,000. Townsquare Capital LLC acquired a new position in shares of Enel Chile in the third quarter worth $65,000. International Assets Investment Management LLC lifted its position in shares of Enel Chile by 179.0% in the third quarter. International Assets Investment Management LLC now owns 33,832 shares of the utilities provider’s stock valued at $94,000 after acquiring an additional 21,706 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Enel Chile during the third quarter valued at $100,000. Institutional investors and hedge funds own 3.20% of the company’s stock.

Analysts Set New Price Targets

Separately, Scotiabank lowered shares of Enel Chile from a “sector outperform” rating to a “sector perform” rating and set a $3.90 target price on the stock. in a report on Friday, November 22nd.

Enel Chile Trading Up 0.3 %

Shares of NYSE:ENIC opened at $2.99 on Monday. Enel Chile S.A. has a 12-month low of $2.51 and a 12-month high of $3.24. The stock’s 50-day moving average price is $2.85 and its two-hundred day moving average price is $2.78. The firm has a market cap of $4.13 billion, a price-to-earnings ratio of 4.90 and a beta of 1.11.

Enel Chile Increases Dividend

The business also recently announced a dividend, which was paid on Friday, January 17th. Investors of record on Friday, January 17th were issued a $0.0463 dividend. This is an increase from Enel Chile’s previous dividend of $0.03. The ex-dividend date was Friday, January 17th. Enel Chile’s payout ratio is presently 37.70%.

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.