Todd Asset Management LLC Invests $3.40 Million in Enel Chile S.A. (NYSE:ENIC)

Todd Asset Management LLC purchased a new stake in Enel Chile S.A. (NYSE:ENIC) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 1,048,700 shares of the utilities provider’s stock, valued at approximately $3,398,000. Todd Asset Management LLC owned about 0.08% of Enel Chile as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Envestnet Portfolio Solutions Inc. purchased a new position in Enel Chile in the third quarter valued at about $34,000. Blue Trust Inc. boosted its holdings in Enel Chile by 131.9% in the 4th quarter. Blue Trust Inc. now owns 16,129 shares of the utilities provider’s stock worth $48,000 after acquiring an additional 9,174 shares during the period. Mutual Advisors LLC acquired a new stake in Enel Chile in the third quarter valued at approximately $65,000. QRG Capital Management Inc. acquired a new position in shares of Enel Chile during the third quarter worth $93,000. Finally, NBC Securities Inc. acquired a new stake in Enel Chile during the 3rd quarter valued at $112,000. 3.20% of the stock is owned by hedge funds and other institutional investors.

Enel Chile Stock Down 0.7 %

Shares of ENIC traded down $0.02 during trading on Friday, reaching $2.92. The company’s stock had a trading volume of 448,141 shares, compared to its average volume of 303,767. Enel Chile S.A. has a twelve month low of $2.68 and a twelve month high of $3.89. The company has a market cap of $4.04 billion, a price-to-earnings ratio of 5.62 and a beta of 1.16. The company has a fifty day moving average of $2.97 and a two-hundred day moving average of $3.03.

Enel Chile (NYSE:ENIC) last released its earnings results on Thursday, February 29th. The utilities provider reported $0.29 earnings per share for the quarter. The company had revenue of $1.15 billion during the quarter. Enel Chile had a net margin of 15.66% and a return on equity of 51.15%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Enel Chile from a “buy” rating to a “hold” rating in a research report on Saturday, February 17th.

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.