Enersis Chile S.A. (ENIC) Stock Rating Lowered by BidaskClub

Enersis Chile S.A. (NYSE:ENIC) was downgraded by research analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Wednesday, October 18th.

Separately, Goldman Sachs Group, Inc. (The) lowered shares of Enersis Chile from a “neutral” rating to a “sell” rating in a research note on Tuesday, October 3rd.

Enersis Chile (NYSE:ENIC) remained flat at $5.95 during trading on Wednesday. The company’s stock had a trading volume of 41,937 shares. Enersis Chile has a 1-year low of $4.25 and a 1-year high of $6.31. The firm has a market cap of $5.84 billion, a price-to-earnings ratio of 7.93 and a beta of -0.46. The company has a 50 day moving average of $6.00 and a 200-day moving average of $5.68.

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A number of institutional investors and hedge funds have recently made changes to their positions in ENIC. Brandes Investment Partners LP grew its stake in Enersis Chile by 60.6% in the 2nd quarter. Brandes Investment Partners LP now owns 8,821,556 shares of the utilities provider’s stock valued at $48,519,000 after buying an additional 3,329,225 shares during the last quarter. Aberdeen Asset Management PLC UK boosted its holdings in Enersis Chile by 91.5% in the 2nd quarter. Aberdeen Asset Management PLC UK now owns 767,561 shares of the utilities provider’s stock valued at $4,222,000 after purchasing an additional 366,778 shares during the period. Alliancebernstein L.P. boosted its holdings in Enersis Chile by 7.4% in the 2nd quarter. Alliancebernstein L.P. now owns 4,766,666 shares of the utilities provider’s stock valued at $26,217,000 after purchasing an additional 330,380 shares during the period. Sumitomo Mitsui Trust Holdings Inc. bought a new stake in Enersis Chile in the 2nd quarter valued at about $846,000. Finally, Oppenheimer Asset Management Inc. bought a new stake in Enersis Chile in the 2nd quarter valued at about $514,000. Institutional investors and hedge funds own 6.59% of the company’s stock.

About Enersis Chile

Enel Chile SA is a Chile-based electricity utility company. The Company, through its combined entities and affiliates, is engaged in the generation, transmission and distribution of electricity businesses. The Company’s segments include Generation, Distribution, and Other businesses and intercompany transaction adjustments.

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