Empresa Nacional de Electricidad S.A. (NYSE:EOCC) has received an average broker rating score of 5.00 (Strong Sell) from the one analysts that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong sell recommendation.

Brokerages 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 94 out of 265 based on the ratings given to related companies.

EOCC has been the subject of several research reports. TheStreet raised shares of Empresa Nacional de Electricidad from a “c+” rating to a “b” rating in a report on Wednesday, May 17th. ValuEngine downgraded shares of Empresa Nacional de Electricidad from a “buy” rating to a “hold” rating in a report on Friday, June 30th. Finally, Scotiabank reissued an “underperform” rating on shares of Empresa Nacional de Electricidad in a report on Monday, May 8th.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EOCC. Acadian Asset Management LLC boosted its stake 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 buying an additional 363,951 shares in the last quarter. Karp Capital Management Corp acquired a new stake in shares of Empresa Nacional de Electricidad during the first quarter valued at about $2,462,000. Vanguard Group Inc. boosted its stake 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 buying an additional 90,717 shares in the last quarter. OxFORD Asset Management LLP boosted its stake in shares of Empresa Nacional de Electricidad by 112.8% in the second quarter. OxFORD Asset Management LLP now owns 75,359 shares of the utilities provider’s stock valued at $1,706,000 after buying an additional 39,954 shares in the last quarter. Finally, FMR LLC acquired a new stake in shares of Empresa Nacional de Electricidad during the second quarter valued at about $898,000. 3.29% of the stock is owned by institutional investors and hedge funds.

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Shares of Empresa Nacional de Electricidad (NYSE EOCC) traded up 0.67% during midday trading on Friday, hitting $22.65. The company had a trading volume of 124,593 shares. The firm has a market capitalization of $6.19 billion, a P/E ratio of 283.12 and a beta of 0.78. Empresa Nacional de Electricidad has a 1-year low of $18.35 and a 1-year high of $26.40. The stock has a 50 day moving average price of $23.28 and a 200 day moving average price of $22.40.

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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