Empresa Nacional de Electricidad S.A. (EOCC) Given $21.90 Consensus Price Target by Analysts

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

Brokerages have set a 12-month consensus target price of $21.90 for the company, according to Zacks. Zacks has also assigned Empresa Nacional de Electricidad an industry rank of 90 out of 265 based on the ratings given to its competitors.

EOCC has been the topic of a number of recent research reports. TheStreet upgraded 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 restated an “underperform” rating on shares of Empresa Nacional de Electricidad in a report on Monday, May 8th.

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Shares of Empresa Nacional de Electricidad (EOCC) traded down 0.09% during mid-day trading on Friday, reaching $23.30. 132,647 shares of the company were exchanged. The company has a market capitalization of $6.37 billion, a price-to-earnings ratio of 8.83 and a beta of 0.77. Empresa Nacional de Electricidad has a 12 month low of $18.35 and a 12 month high of $27.16. The firm’s 50-day moving average is $23.27 and its 200-day moving average is $22.25.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EOCC. FNY Partners Fund LP purchased a new position in shares of Empresa Nacional de Electricidad during the first quarter valued at approximately $102,000. Sei Investments Co. purchased a new position in shares of Empresa Nacional de Electricidad during the second quarter valued at approximately $109,000. Tower Research Capital LLC TRC purchased a new position in shares of Empresa Nacional de Electricidad during the first quarter valued at approximately $111,000. Global X Management Co. LLC increased its position in shares of 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 valued at $120,000 after buying an additional 1,165 shares during the period. Finally, Symphony Asset Management LLC purchased a new position in shares of Empresa Nacional de Electricidad during the first quarter valued at approximately $203,000. Institutional investors and hedge funds own 3.36% of the company’s stock.

Empresa Nacional de Electricidad Company Profile

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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