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

Several other research firms have also commented on EOCC. Scotiabank upgraded shares of Empresa Nacional de Electricidad from an “underperform” rating to a “sector perform” rating and increased their price objective for the company from $21.90 to $24.20 in a research report on Monday, August 28th. BidaskClub lowered shares of Empresa Nacional de Electricidad from a “buy” rating to a “hold” rating in a report on Monday, September 18th. Finally, Morgan Stanley downgraded shares of Empresa Nacional de Electricidad from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, October 24th. Two research analysts have rated the stock with a sell rating, one has assigned a buy rating and one has given a strong buy rating to the stock. Empresa Nacional de Electricidad currently has an average rating of “Hold” and a consensus price target of $24.20.

Shares of Empresa Nacional de Electricidad (NYSE EOCC) opened at $25.90 on Tuesday. Empresa Nacional de Electricidad has a twelve month low of $18.35 and a twelve month high of $27.74.

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Institutional investors have recently modified their holdings of the company. Morgan Stanley boosted its stake in Empresa Nacional de Electricidad by 5.8% in 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 in the last quarter. Schwab Charles Investment Management Inc. boosted its stake in Empresa Nacional de Electricidad by 20.3% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 113,300 shares of the utilities provider’s stock worth $2,566,000 after purchasing an additional 19,096 shares in the last quarter. AQR Capital Management LLC lifted its stake in Empresa Nacional de Electricidad by 16.6% during the 1st quarter. AQR Capital Management LLC now owns 201,049 shares of the utilities provider’s stock valued at $4,471,000 after acquiring an additional 28,647 shares during the period. Summit Global Investments acquired a new stake in Empresa Nacional de Electricidad during the 2nd quarter valued at approximately $631,000. Finally, Vanguard Group Inc. lifted 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 valued at $31,126,000 after acquiring an additional 57,731 shares during the period. 2.66% of the stock is currently owned by hedge funds and other institutional investors.

Empresa Nacional de Electricidad Company Profile

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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