Empresa Nacional de Electricidad S.A. (EOCC) Upgraded at BidaskClub

Empresa Nacional de Electricidad S.A. (NYSE:EOCC) was upgraded by BidaskClub from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Wednesday.

Several other analysts have also weighed in on the stock. Scotiabank upgraded shares of Empresa Nacional de Electricidad from an “underperform” rating to a “sector perform” rating and boosted their target price for the company from $21.90 to $24.20 in a research note on Monday, August 28th. ValuEngine lowered shares of Empresa Nacional de Electricidad from a “buy” rating to a “hold” rating in a research note on Friday, June 30th. Finally, TheStreet lowered shares of Empresa Nacional de Electricidad from a “b” rating to a “c” rating in a research note on Monday, June 26th.

Shares of Empresa Nacional de Electricidad (NYSE EOCC) opened at 27.37 on Wednesday. The stock has a 50 day moving average of $25.46 and a 200 day moving average of $23.79. Empresa Nacional de Electricidad has a 1-year low of $18.35 and a 1-year high of $27.48. The firm has a market cap of $7.48 billion, a PE ratio of 11.13 and a beta of 0.78.

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Institutional investors and hedge funds have recently made changes to their positions in the company. New York State Common Retirement Fund acquired a new position in shares of Empresa Nacional de Electricidad during the second quarter valued at $100,000. FNY Partners Fund LP acquired a new position in shares of Empresa Nacional de Electricidad during the first quarter valued at $102,000. Sei Investments Co. acquired a new position in shares of Empresa Nacional de Electricidad during the second quarter valued at $109,000. Tower Research Capital LLC TRC acquired a new position in shares of Empresa Nacional de Electricidad during the first quarter valued at $111,000. Finally, Global X Management Co. LLC boosted its holdings in shares of Empresa Nacional de Electricidad by 27.5% during the first quarter. Global X Management Co. LLC now owns 5,402 shares of the utilities provider’s stock valued at $120,000 after acquiring an additional 1,165 shares during the period. 2.74% of the stock is owned by institutional investors.

About Empresa Nacional de Electricidad

Enel Generacion Chile SA, formerly Empresa Nacional De Electricidad SA, is a Chile-based company engaged in the business of electricity generation. The Company operates in Chile. The Company owns and operates a total of approximately 111-generation units in Chile both directly and through its subsidiaries, Pehuenche, Celta and GasAtacama.

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