Enel Chile S.A. (NYSE:ENIC) Short Interest Update

Enel Chile S.A. (NYSE:ENIC) was the recipient of a large increase in short interest during the month of January. As of January 31st, there was short interest totalling 1,260,000 shares, an increase of 44.7% from the January 15th total of 871,000 shares. Based on an average trading volume of 442,400 shares, the days-to-cover ratio is currently 2.8 days.

Hedge Funds Weigh In On Enel Chile

Several institutional investors have recently made changes to their positions in ENIC. JPMorgan Chase & Co. raised its stake in Enel Chile by 56.1% during the 4th quarter. JPMorgan Chase & Co. now owns 1,256,695 shares of the utilities provider’s stock worth $3,619,000 after acquiring an additional 451,482 shares during the period. Walleye Capital LLC purchased a new position in shares of Enel Chile in the third quarter valued at $1,023,000. Helikon Investments Ltd boosted its stake in Enel Chile by 14.7% during the fourth quarter. Helikon Investments Ltd now owns 2,112,723 shares of the utilities provider’s stock worth $6,085,000 after buying an additional 270,545 shares during the period. Lingohr Asset Management GmbH purchased a new position in Enel Chile during the fourth quarter worth $682,000. Finally, Stifel Financial Corp grew its holdings in shares of Enel Chile by 644.7% in the third quarter. Stifel Financial Corp now owns 208,509 shares of the utilities provider’s stock worth $582,000 after purchasing an additional 180,509 shares during the last quarter. Institutional investors own 3.20% of the company’s stock.

Wall Street Analyst Weigh In

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

Enel Chile Price Performance

NYSE:ENIC opened at $3.38 on Friday. Enel Chile has a 1-year low of $2.51 and a 1-year high of $3.40. The firm’s 50-day moving average price is $2.95 and its 200-day moving average price is $2.81. The company has a market capitalization of $4.68 billion, a PE ratio of 5.54 and a beta of 1.12.

Enel Chile Increases Dividend

The business also recently declared a dividend, which was paid on Friday, January 17th. Stockholders of record on Friday, January 17th were issued a dividend of $0.0463 per share. The ex-dividend date of this dividend was Friday, January 17th. This is an increase from Enel Chile’s previous dividend of $0.03. Enel Chile’s dividend payout ratio (DPR) is presently 36.07%.

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.