DGS Capital Management LLC Trims Position in Enel Chile S.A. (NYSE:ENIC)

DGS Capital Management LLC lessened its holdings in Enel Chile S.A. (NYSE:ENIC) by 37.5% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 15,843 shares of the utilities provider’s stock after selling 9,497 shares during the period. DGS Capital Management LLC’s holdings in Enel Chile were worth $46,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Walleye Capital LLC purchased a new position in Enel Chile during the third quarter valued at $1,023,000. Stifel Financial Corp grew its position in shares of Enel Chile by 644.7% during the third 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 in the last quarter. Marshall Wace LLP bought a new stake in shares of Enel Chile in the second quarter worth about $474,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Enel Chile in the third quarter worth about $453,000. Finally, Blue Trust Inc. grew its holdings in Enel Chile by 162.4% during the 3rd 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 in the last quarter. 3.20% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Enel Chile Stock Up 0.3 %

ENIC opened at $2.99 on Monday. The business has a fifty day moving average of $2.85 and a 200 day moving average of $2.78. The stock has a market cap of $4.13 billion, a P/E ratio of 4.90 and a beta of 1.11. Enel Chile S.A. has a 52-week low of $2.51 and a 52-week high of $3.24.

Enel Chile Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, January 17th. Investors of record on Friday, January 17th were issued a dividend of $0.0463 per share. This is a positive change from Enel Chile’s previous dividend of $0.03. The ex-dividend date was Friday, January 17th. Enel Chile’s dividend payout ratio (DPR) is presently 37.70%.

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.