Shares of Enel Generacion Chile SA (NYSE:EOCC) were up 5.4% during mid-day trading on Monday . The company traded as high as $26.65 and last traded at $26.40. Approximately 542,314 shares changed hands during mid-day trading, an increase of 342% from the average daily volume of 122,791 shares. The stock had previously closed at $25.04.

A number of analysts have recently issued reports on EOCC shares. BidaskClub raised Enel Generacion Chile from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, October 11th. ValuEngine raised Enel Generacion Chile from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 14th. Scotiabank raised Enel Generacion Chile from an “underperform” rating to a “sector perform” rating and lifted their price target for the stock from $21.90 to $24.20 in a research note on Monday, August 28th. Finally, Morgan Stanley lowered Enel Generacion Chile from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, October 24th. Two analysts have rated the stock with a sell rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $24.20.

Institutional investors have recently made changes to their positions in the stock. Morgan Stanley lifted its position in Enel Generacion Chile by 5.8% during the first quarter. Morgan Stanley now owns 127,263 shares of the utilities provider’s stock worth $2,830,000 after buying an additional 7,010 shares in the last quarter. Advisors Asset Management Inc. lifted its position in Enel Generacion Chile by 20.3% during the third quarter. Advisors Asset Management Inc. now owns 74,014 shares of the utilities provider’s stock worth $1,951,000 after buying an additional 12,503 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its position in Enel Generacion Chile by 20.3% during the second quarter. Schwab Charles Investment Management Inc. now owns 113,300 shares of the utilities provider’s stock worth $2,566,000 after buying an additional 19,096 shares in the last quarter. State Street Corp lifted its position in Enel Generacion Chile by 24.4% during the second quarter. State Street Corp now owns 449,763 shares of the utilities provider’s stock worth $10,180,000 after buying an additional 88,313 shares in the last quarter. Finally, FMR LLC purchased a new position in Enel Generacion Chile during the second quarter worth approximately $898,000. Hedge funds and other institutional investors own 2.32% of the company’s stock.

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About Enel Generacion Chile

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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