DGS Capital Management LLC Cuts Stock Holdings in Enel Chile S.A. (NYSE:ENIC)

DGS Capital Management LLC cut its holdings in shares of Enel Chile S.A. (NYSE:ENIC) by 37.5% during the fourth quarter, according to the company in its most recent disclosure 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 large investors also recently bought and sold shares of the business. Creative Planning raised its stake in Enel Chile by 3.8% in the second quarter. Creative Planning now owns 118,042 shares of the utilities provider’s stock valued at $331,000 after buying an additional 4,323 shares during the last quarter. Inspire Advisors LLC raised its position in shares of Enel Chile by 9.9% in the 3rd quarter. Inspire Advisors LLC now owns 54,622 shares of the utilities provider’s stock valued at $152,000 after purchasing an additional 4,903 shares during the last quarter. Cubist Systematic Strategies LLC grew its position in Enel Chile by 1,114,700.0% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 11,148 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 11,147 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its stake in Enel Chile by 26.8% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 60,714 shares of the utilities provider’s stock valued at $170,000 after purchasing an additional 12,821 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of Enel Chile by 1.9% in the third quarter. JPMorgan Chase & Co. now owns 805,213 shares of the utilities provider’s stock worth $2,247,000 after buying an additional 15,250 shares during the last quarter. Institutional investors own 3.20% of the company’s stock.

Enel Chile Stock Performance

NYSE:ENIC opened at $2.99 on Monday. The firm’s fifty day moving average is $2.85 and its two-hundred day moving average is $2.78. The firm has a market cap of $4.13 billion, a price-to-earnings ratio of 4.90 and a beta of 1.11. Enel Chile S.A. has a one year low of $2.51 and a one year high of $3.24.

Enel Chile Increases Dividend

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

Analyst Upgrades and Downgrades

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.

About Enel Chile

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.