Enel Generacion Chile SA (NYSE:EOCC) was upgraded by analysts at TheStreet from a “c+” rating to a “b” rating in a research note issued to investors on Wednesday.

Separately, Scotiabank reissued an “underperform” rating on shares of Enel Generacion Chile SA in a report on Monday, May 8th.

Enel Generacion Chile SA (NYSE:EOCC) traded up 2.1171% during mid-day trading on Wednesday, hitting $23.3746. 121,340 shares of the company’s stock were exchanged. Enel Generacion Chile SA has a 52 week low of $18.35 and a 52 week high of $27.82. The firm has a 50 day moving average of $23.44 and a 200 day moving average of $20.85. The stock has a market capitalization of $6.39 billion, a P/E ratio of 9.0599 and a beta of 0.94.

The firm also recently announced a dividend, which will be paid on Friday, May 19th. Shareholders of record on Friday, May 19th will be given a dividend of $0.958 per share. The ex-dividend date is Wednesday, May 17th. This is an increase from Enel Generacion Chile SA’s previous dividend of $0.32. Enel Generacion Chile SA’s dividend payout ratio is presently 25.19%.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Karp Capital Management Corp acquired a new position in Enel Generacion Chile SA during the first quarter worth about $2,462,000. Vanguard Group Inc. increased its position in Enel Generacion Chile SA by 4.3% in the first quarter. Vanguard Group Inc. now owns 1,399,555 shares of the utilities provider’s stock worth $31,126,000 after buying an additional 57,731 shares during the last quarter. AQR Capital Management LLC increased its position in Enel Generacion Chile SA by 16.6% in the first quarter. AQR Capital Management LLC now owns 201,049 shares of the utilities provider’s stock worth $4,471,000 after buying an additional 28,647 shares during the last quarter. Advisors Asset Management Inc. increased its position in Enel Generacion Chile SA by 96.3% in the first quarter. Advisors Asset Management Inc. now owns 46,195 shares of the utilities provider’s stock worth $1,027,000 after buying an additional 22,667 shares during the last quarter. Finally, British Airways Pensions Investment Management Ltd increased its position in Enel Generacion Chile SA by 27.5% in the first quarter. British Airways Pensions Investment Management Ltd now owns 70,884 shares of the utilities provider’s stock worth $1,576,000 after buying an additional 15,284 shares during the last quarter. Institutional investors own 4.02% of the company’s stock.

About Enel Generacion Chile SA

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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