Scotiabank upgraded shares of Empresa Nacional de Electricidad S.A. (NYSE:EOCC) from an underperform rating to a sector perform rating in a report published on Monday. They currently have $24.20 price target on the utilities provider’s stock, up from their previous price target of $21.90.

Other research analysts have also issued reports about the company. TheStreet upgraded Empresa Nacional de Electricidad from a c+ rating to a b rating in a report on Wednesday, May 17th. ValuEngine upgraded Empresa Nacional de Electricidad from a hold rating to a buy rating in a report on Thursday, August 17th.

Empresa Nacional de Electricidad (NYSE EOCC) opened at 25.46 on Monday. The firm’s 50-day moving average is $23.25 and its 200 day moving average is $22.63. Empresa Nacional de Electricidad has a 12-month low of $18.35 and a 12-month high of $25.53. The firm has a market cap of $6.96 billion, a PE ratio of 10.74 and a beta of 0.78.

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Hedge funds and other institutional investors have recently modified their holdings of the company. New York State Common Retirement Fund purchased a new stake in Empresa Nacional de Electricidad during the second quarter worth about $100,000. FNY Partners Fund LP purchased a new stake in Empresa Nacional de Electricidad during the first quarter worth about $102,000. Sei Investments Co. purchased a new stake in Empresa Nacional de Electricidad during the second quarter worth about $109,000. Tower Research Capital LLC TRC purchased a new stake in Empresa Nacional de Electricidad during the first quarter worth about $111,000. Finally, Global X Management Co. LLC boosted its stake in Empresa Nacional de Electricidad by 27.5% in the first quarter. Global X Management Co. LLC now owns 5,402 shares of the utilities provider’s stock worth $120,000 after buying an additional 1,165 shares in the last quarter. Institutional investors own 2.74% 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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