Enel Americas S.A. (NYSE: ENIA) Seen Running Too Hot, Let’s Look At This More Closely


    Acadian Asset Management LLC recently announced the acquisition of new stake in Enel Americas S.A. (NYSE:ENIA). The institutional investor has increased its shareholding in the Utilities company by 0.50% to 14.58 million shares with purchase of 72304.0 shares. This fresh investment now brings its stake to 0.96% valued currently at $109.52 million. In addition, SSgA Funds Management, Inc. raised its holdings by 0.64 million to 6.17 million shares. And Renaissance Technologies LLC has lifted its position by 24.55% or 1.15 million shares – to 5.84 million shares.

    With over 0.84 million Enel Americas S.A. (ENIA) shares trading Thursday and a closing price of $7.62 on the day, the dollar volume was approximately $6.4 million. The shares have shown a negative weekly performance of -1.30% and its price on 07/30/20 gained nearly 0.79%. Currently, there are 1.52B common shares owned by the public and among those 488.01M shares have been available to trade.

    An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 5 analysts who have offered their price forecasts for ENIA have a consensus price objective of $10.26. The analysts have set the share’s price value over the next 12 months at a high of $11.93 and a low of $8.00 should the stock experience a downside. Incidentally, analysts’ outlook for the Enel Americas S.A. stock is 2.40 for the next 12 months. The average price target is 26.66% above its last price level and an upside to the estimated low will see the stock gain 4.75% over that period. But an upside of 36.13% will see the stock hit the forecast high price target while mean target price for the stock is $10.55.

    The top 3 mutual fund holders in Enel Americas S.A. are DFA Dimensional Emerging Markets, DFA Emerging Markets Core Equity, and iShares Tr. – Latin America 40 ET. DFA Dimensional Emerging Markets owns 4.78 million shares of the company’s stock, all valued at over $35.92 million. The company sold -0.19 million shares recently to bring their total holdings to about 0.31% of the shares outstanding. DFA Emerging Markets Core Equity sold -0.17 million shares to see its total holdings shrink to 2.92 million shares valued at over $21.92 million and representing 0.19% of the shares outstanding. iShares Tr. – Latin America 40 ET now owns shares totaling to 0.15% of the shares outstanding.

    Shares of Enel Americas S.A. (NYSE: ENIA) opened at $7.47, down -$0.09 from a prior closing price of $7.56. However, the script later closed the day at $7.62, up 0.79%. The company’s stock has a 5-day price change of -1.30% and -5.81% over the past three months. ENIA shares are trading -30.60% year to date (YTD), with the 12-month market performance down to -7.64% lower. It has a 12-month low price of $5.22 and touched a high of $11.21 over the same period. Currently, 0.84 million shares have been traded, compared to an average intraday trading volume of 1.83 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -1.42%, -2.22%, and -12.89% respectively.

    Institutional ownership of Enel Americas S.A. (NYSE: ENIA) shares accounts for 6.40% of the company’s 1.52B shares outstanding. Mutual fund holders own 2.34%, while other institutional holders and individual stakeholders account for 3.91% and — respectively.

    It has a market capitalization of $11.71B and a beta (3y monthly) value of 1.16. The stock’s trailing 12-month PE ratio is 6.63, while the earnings-per-share (ttm) stands at $1.15. The company has a PEG of 1.25 and a Quick Ratio of 0.90 with the debt-to-equity ratio at 0.68. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.50% over the week and 2.91% over the month.

    Analysts forecast that Enel Americas S.A. (ENIA) will achieve an EPS of $0.18 for the current quarter, $0.23 for the next quarter and $0.8 for 2021. The lowest estimate earnings-per-share for the quarter is $0.18 while analysts give the company a high EPS estimate of $0.18. Comparatively, EPS for the current quarter was $0.1 a year ago. Earnings per share for the fiscal year are expected to increase by 17.90%, and 8.08% over the next financial year. EPS should grow at an annualized rate of 5.30% over the next five years, compared to -67.30% over the past 5-year period.

    If you are looking to buy this stock, then you may note that the average analyst recommendation by 5 brokerage firm advisors rate Enel Americas S.A. (ENIA) as a “Moderate Buy” at a consensus score of 2.40. Specifically, 2 Wall Street analysts polled rate the stock as a buy, while 2 of the 5 advise that investors “hold,” and 0 rated it as a “Sell.”

    Looking at the support for the ENIA, a number of firms have released research notes about the stock. JP Morgan stated their Overweight rating for the stock in a research note on December 14, 2017, with the firm’s price target at.


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