Shares of Empresa Nacional de Electricidad S.A. (NYSE:EOCC) have been assigned an average broker rating score of 5.00 (Strong Sell) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong sell recommendation.

Analysts have set a 1-year consensus target price of $21.90 for the company, according to Zacks. Zacks has also given Empresa Nacional de Electricidad an industry rank of 167 out of 265 based on the ratings given to related companies.

Several brokerages have commented on EOCC. ValuEngine lowered shares of Empresa Nacional de Electricidad from a “buy” rating to a “hold” rating in a research report on Friday, June 30th. TheStreet lowered shares of Empresa Nacional de Electricidad from a “b” rating to a “c” rating in a research report on Monday, June 26th. BidaskClub raised shares of Empresa Nacional de Electricidad from a “hold” rating to a “buy” rating in a research report on Tuesday, September 26th. Finally, Scotiabank raised shares of Empresa Nacional de Electricidad from an “underperform” rating to a “sector perform” rating and lifted their price objective for the stock from $21.90 to $24.20 in a research report on Monday, August 28th.

Empresa Nacional de Electricidad (EOCC) opened at 27.11 on Thursday. The company has a 50-day moving average of $24.95 and a 200-day moving average of $23.62. The firm has a market cap of $7.41 billion, a price-to-earnings ratio of 11.02 and a beta of 0.78. Empresa Nacional de Electricidad has a 52 week low of $18.35 and a 52 week high of $27.27.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Empresa Nacional de Electricidad by 6.5% in the second quarter. Vanguard Group Inc. now owns 1,490,272 shares of the utilities provider’s stock valued at $33,740,000 after purchasing an additional 90,717 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Empresa Nacional de Electricidad by 2.2% in the second quarter. Dimensional Fund Advisors LP now owns 491,421 shares of the utilities provider’s stock valued at $11,123,000 after purchasing an additional 10,766 shares during the period. State Street Corp raised its position in shares of Empresa Nacional de Electricidad by 24.4% in the second quarter. State Street Corp now owns 449,763 shares of the utilities provider’s stock valued at $10,180,000 after purchasing an additional 88,313 shares during the period. Acadian Asset Management LLC raised its position in shares of Empresa Nacional de Electricidad by 899.8% in the second quarter. Acadian Asset Management LLC now owns 404,397 shares of the utilities provider’s stock valued at $9,156,000 after purchasing an additional 363,951 shares during the period. Finally, Goldman Sachs Group Inc. raised its position in shares of Empresa Nacional de Electricidad by 2.4% in the first quarter. Goldman Sachs Group Inc. now owns 327,822 shares of the utilities provider’s stock valued at $7,291,000 after purchasing an additional 7,762 shares during the period. 2.74% of the stock is currently owned by institutional investors.

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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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