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

Other analysts have also recently issued research reports about the stock. ValuEngine upgraded shares of Empresa Nacional de Electricidad from a “hold” rating to a “buy” rating in a research note on Thursday, August 17th. TheStreet cut shares of Empresa Nacional de Electricidad from a “b” rating to a “c” rating in a research note on Monday, June 26th. Finally, Scotiabank upgraded shares of Empresa Nacional de Electricidad from an “underperform” rating to a “sector perform” rating and increased their price target for the stock from $21.90 to $24.20 in a research note on Monday, August 28th.

Shares of Empresa Nacional de Electricidad (NYSE EOCC) opened at 26.79 on Wednesday. The firm has a market capitalization of $7.32 billion, a P/E ratio of 10.89 and a beta of 0.78. Empresa Nacional de Electricidad has a 1-year low of $18.35 and a 1-year high of $27.74. The stock’s 50 day moving average is $25.69 and its 200 day moving average is $23.84.

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A number of large investors have recently modified their holdings of EOCC. Comerica Bank boosted its stake in Empresa Nacional de Electricidad by 1.3% during the 1st quarter. Comerica Bank now owns 15,680 shares of the utilities provider’s stock worth $366,000 after purchasing an additional 203 shares during the period. Global X Management Co. LLC boosted its stake in Empresa Nacional de Electricidad by 27.5% during the 1st quarter. Global X Management Co. LLC now owns 5,402 shares of the utilities provider’s stock worth $120,000 after purchasing an additional 1,165 shares during the period. Vanguard Group Inc. boosted its stake in Empresa Nacional de Electricidad by 4.3% during the 1st quarter. Vanguard Group Inc. now owns 1,399,555 shares of the utilities provider’s stock worth $31,126,000 after purchasing an additional 57,731 shares during the period. UBS Group AG boosted its stake in Empresa Nacional de Electricidad by 4.6% during the 1st quarter. UBS Group AG now owns 11,590 shares of the utilities provider’s stock worth $257,000 after purchasing an additional 505 shares during the period. Finally, Morgan Stanley boosted its stake in Empresa Nacional de Electricidad by 5.8% during the 1st quarter. Morgan Stanley now owns 127,263 shares of the utilities provider’s stock worth $2,830,000 after purchasing an additional 7,010 shares during the period. Hedge funds and other institutional investors 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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