Enel Chile (NYSE:ENIC) Issues Earnings Results

Enel Chile (NYSE:ENIC) announced its quarterly earnings data on Thursday. The utilities provider reported ($0.20) earnings per share for the quarter, Zacks reports. Enel Chile had a return on equity of 15.48% and a net margin of 17.33%.

Enel Chile Stock Performance

ENIC stock traded down $0.13 during midday trading on Thursday, hitting $3.33. 486,837 shares of the company’s stock were exchanged, compared to its average volume of 482,456. The company has a market cap of $4.60 billion, a PE ratio of 5.45 and a beta of 1.12. The stock’s fifty day moving average price is $3.07 and its 200-day moving average price is $2.86. Enel Chile has a one year low of $2.51 and a one year high of $3.49.

Enel Chile Increases Dividend

The company also recently announced a dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, January 17th were paid a $0.0463 dividend. The ex-dividend date was Friday, January 17th. This is an increase from Enel Chile’s previous dividend of $0.03. Enel Chile’s dividend payout ratio is presently 36.07%.

Wall Street Analysts Forecast Growth

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

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.