BidaskClub upgraded shares of Empresa Nacional de Electricidad S.A. (NYSE:EOCC) from a hold rating to a buy rating in a report issued on Tuesday.

Several other analysts have also weighed in on EOCC. TheStreet lowered shares of Empresa Nacional de Electricidad from a b rating to a c rating in a research note on Monday, June 26th. 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, 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.

Shares of Empresa Nacional de Electricidad (NYSE EOCC) opened at 26.36 on Tuesday. The company’s 50-day moving average is $23.99 and its 200-day moving average is $23.26. Empresa Nacional de Electricidad has a 52 week low of $18.35 and a 52 week high of $26.36. The firm has a market cap of $7.21 billion, a PE ratio of 10.72 and a beta of 0.76.

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Institutional investors have recently added to or reduced their stakes in the company. New York State Common Retirement Fund bought a new position in shares of Empresa Nacional de Electricidad during the second quarter worth about $100,000. FNY Partners Fund LP bought a new position in shares of Empresa Nacional de Electricidad during the first quarter worth about $102,000. Sei Investments Co. bought a new position in shares of Empresa Nacional de Electricidad during the second quarter worth about $109,000. Tower Research Capital LLC TRC bought a new position in shares of Empresa Nacional de Electricidad during the first quarter worth about $111,000. Finally, Global X Management Co. LLC grew its position 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 worth $120,000 after acquiring an additional 1,165 shares during the last quarter. Institutional investors and hedge funds own 2.74% of the company’s stock.

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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