5 Undervalued Defensive Stocks For 2024

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

PE ratio as of December 22 market close: 2.98

Number of Hedge Fund Holders: 8

Enel Chile S.A. (NYSE:ENIC), previously Enersis Chile SA, is involved in the generation, distribution, and selling of electricity. The company exports natural gas and offers several energy-related products.

According to Insider Monkey’s database, 8 hedge funds had investments in Enel Chile S.A. (NYSE:ENIC)’s stock in the third quarter. Cliff Asness’s AQR Capital Management was the top stakeholder in the company and increased its stake by a staggering 409% to 2.85 million shares worth $8.44 million.

Follow Enel Chile S.a. (NYSE:ENIC)

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