BidaskClub lowered shares of Empresa Nacional de Electricidad S.A. (NYSE:EOCC) from a strong-buy rating to a buy rating in a research note published on Thursday morning.

Several other research firms also recently commented on EOCC. Morgan Stanley downgraded shares of Empresa Nacional de Electricidad from an equal weight rating to an underweight rating in a research report on Tuesday, October 24th. Scotiabank downgraded shares of Empresa Nacional de Electricidad from a sector perform rating to an underperform rating in a research report on Wednesday. Finally, ValuEngine raised shares of Empresa Nacional de Electricidad from a hold rating to a buy rating in a research report on Thursday, August 17th. Two research analysts have rated the stock with a sell rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus target price of $24.20.

Empresa Nacional de Electricidad (NYSE EOCC) traded down $0.07 during trading on Thursday, reaching $25.99. 95,664 shares of the company’s stock traded hands, compared to its average volume of 128,498. Empresa Nacional de Electricidad has a 1 year low of $18.35 and a 1 year high of $27.74.

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Large investors have recently added to or reduced their stakes in the stock. New York State Common Retirement Fund acquired a new position in Empresa Nacional de Electricidad during the 2nd quarter valued at $100,000. Sei Investments Co. acquired a new position in Empresa Nacional de Electricidad during the 2nd quarter valued at $109,000. Wells Fargo & Company MN raised its stake in Empresa Nacional de Electricidad by 633,000.0% during the 2nd quarter. Wells Fargo & Company MN now owns 6,331 shares of the utilities provider’s stock valued at $143,000 after purchasing an additional 6,330 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in Empresa Nacional de Electricidad during the 2nd quarter valued at $208,000. Finally, UBS Group AG raised its stake in Empresa Nacional de Electricidad by 4.6% during the 1st quarter. UBS Group AG now owns 11,590 shares of the utilities provider’s stock valued at $257,000 after purchasing an additional 505 shares during the last quarter. Hedge funds and other institutional investors own 2.64% of the company’s stock.

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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