Enel Generacion Chile (EOCC) Stock Price Up 5.4%

Enel Generacion Chile SA (NYSE:EOCC)’s share price rose 5.4% on Monday . The stock traded as high as $26.65 and last traded at $26.40. Approximately 542,314 shares were traded during mid-day trading, an increase of 342% from the average daily volume of 122,791 shares. The stock had previously closed at $25.04.

EOCC has been the topic of several research analyst reports. Scotiabank raised Enel Generacion Chile from an “underperform” rating to a “sector perform” rating and lifted their price objective for the company from $21.90 to $24.20 in a research note on Monday, August 28th. BidaskClub downgraded Enel Generacion Chile from a “buy” rating to a “hold” rating in a report on Monday, September 18th. Morgan Stanley downgraded Enel Generacion Chile from an “equal weight” rating to an “underweight” rating in a report on Tuesday, October 24th. Finally, ValuEngine upgraded Enel Generacion Chile from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 14th. Two equities research analysts have rated the stock with a sell rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. Enel Generacion Chile has an average rating of “Hold” and an average price target of $24.20.

Several large investors have recently made changes to their positions in the stock. Pictet Asset Management Ltd. raised its holdings in shares of Enel Generacion Chile by 12.8% during the 2nd quarter. Pictet Asset Management Ltd. now owns 22,988 shares of the utilities provider’s stock valued at $532,000 after buying an additional 2,600 shares during the period. New York State Common Retirement Fund purchased a new stake in shares of Enel Generacion Chile during the 2nd quarter valued at about $100,000. Sei Investments Co. purchased a new stake in shares of Enel Generacion Chile during the 2nd quarter valued at about $109,000. Wells Fargo & Company MN raised its holdings in shares of Enel Generacion Chile 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 buying an additional 6,330 shares during the period. Finally, Morgan Stanley raised its holdings in shares of Enel Generacion Chile by 5.8% during the 1st quarter. Morgan Stanley now owns 127,263 shares of the utilities provider’s stock valued at $2,830,000 after buying an additional 7,010 shares during the period. Institutional investors and hedge funds own 2.35% of the company’s stock.

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About Enel Generacion Chile

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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