Enel Americas SA (NYSE:ENIA) shares were up 5.9% during trading on Tuesday . The stock traded as high as $7.97 and last traded at $7.95. Approximately 1,386,039 shares changed hands during trading, an increase of 48% from the average daily volume of 936,641 shares. The stock had previously closed at $7.51.

Separately, ValuEngine cut Enel Americas from a “hold” rating to a “sell” rating in a research report on Tuesday, July 10th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold”.

Enel Americas (NYSE:ENIA) last issued its quarterly earnings results on Friday, July 27th. The utilities provider reported $0.16 EPS for the quarter. The company had revenue of $3.15 billion for the quarter.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wells Fargo & Company MN lifted its position in shares of Enel Americas by 3.3% in the second quarter. Wells Fargo & Company MN now owns 1,834,321 shares of the utilities provider’s stock valued at $16,160,000 after buying an additional 59,420 shares during the last quarter. Banco de Sabadell S.A acquired a new stake in shares of Enel Americas in the second quarter valued at approximately $374,000. Acadian Asset Management LLC acquired a new stake in shares of Enel Americas in the second quarter valued at approximately $63,489,000. Renaissance Technologies LLC lifted its holdings in Enel Americas by 38.7% during the 2nd quarter. Renaissance Technologies LLC now owns 955,300 shares of the utilities provider’s stock worth $8,416,000 after purchasing an additional 266,500 shares during the last quarter. Finally, Stevens Capital Management LP acquired a new stake in Enel Americas during the 2nd quarter worth approximately $830,000. 8.02% of the stock is owned by institutional investors.

Enel Americas Company Profile (NYSE:ENIA)

Enel Américas SA operates as an electricity utility company in Argentina, Brazil, Colombia, and Peru. The company, through its subsidiaries, generates, transmits, and distributes electricity using hydroelectric and thermal energy sources. As of December 31, 2017, it had 11,444 megawatts of installed generation capacity and 17.2 million distribution customers.

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