5 Cheap Utility Stocks to Buy According to Analysts

4. Enel Chile S.A. (NYSE:ENIC)

Number of Hedge Fund Holders: 7

Average Upside Potential Based on Analyst Ratings: 14.81%

Average Price Target: $2.68

Enel Chile S.A. (NYSE:ENIC) provides electricity services, including the production, transmission, and distribution of electricity in Chile. Enel Chile S.A. (NYSE:ENIC) generates electricity from various sources, including hydroelectric, thermal, wind, solar, and geothermal power plants. It is one of the best cheap utility stocks to buy according to analysts. On March 1, Enel Chile S.A. (NYSE:ENIC) reported an adjusted EBITDA of $932 million. 

According to Insider Monkey’s fourth quarter database, 7 hedge funds held stakes worth $13.75 million in Enel Chile S.A. (NYSE:ENIC), compared to 5 funds in the prior quarter worth $7.6 million. Cliff Asness’ AQR Capital Management is the biggest stakeholder of the company, with 2.28 million shares worth over $5 million. 

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