Putnam Investments LLC purchased a new stake in shares of Enel Chile SA – (NYSE:ENIC) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 133,918 shares of the utilities provider’s stock, valued at approximately $640,000.
A number of other institutional investors also recently modified their holdings of the business. Advisor Group Inc. purchased a new stake in Enel Chile during the second quarter worth $28,000. Advisor Partners LLC purchased a new position in Enel Chile during the second quarter valued at $55,000. National Asset Management Inc. purchased a new position in Enel Chile during the second quarter valued at $63,000. Bank of Montreal Can purchased a new position in Enel Chile during the second quarter valued at $64,000. Finally, A.R.T. Advisors LLC purchased a new position in Enel Chile during the second quarter valued at $66,000. Institutional investors and hedge funds own 4.61% of the company’s stock.
ENIC traded up $0.01 during midday trading on Wednesday, hitting $4.26. 7,513 shares of the company traded hands, compared to its average volume of 177,079. The company has a market capitalization of $4.40 billion, a price-to-earnings ratio of 8.78 and a beta of 0.55. Enel Chile SA – has a 52-week low of $3.98 and a 52-week high of $5.62. The business has a 50 day simple moving average of $4.27 and a two-hundred day simple moving average of $4.67.
Enel Chile SA, an electricity utility company, engages in the generation, transmission, and distribution of electricity in Chile. The company operates through Generation Business and Distribution Business segments. It transmits and distributes electricity in 33 municipalities of the Santiago metropolitan region.
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