TheStreet Upgrades Enel Generacion Chile SA (EOCC) to B

Enel Generacion Chile SA (NYSE:EOCC) was upgraded by equities research analysts at TheStreet from a “c+” rating to a “b” rating in a report released on Wednesday.

Separately, Scotiabank restated an “underperform” rating on shares of Enel Generacion Chile SA in a report on Monday, May 8th.

Enel Generacion Chile SA (NYSE:EOCC) traded up 2.05% during mid-day trading on Wednesday, hitting $23.36. 82,597 shares of the company traded hands. Enel Generacion Chile SA has a one year low of $18.35 and a one year high of $27.82. The company’s 50-day moving average is $23.44 and its 200-day moving average is $20.85. The stock has a market capitalization of $6.39 billion, a price-to-earnings ratio of 9.05 and a beta of 0.94.

The business also recently disclosed a dividend, which will be paid on Friday, May 19th. Shareholders of record on Friday, May 19th will be given a dividend of $0.958 per share. This is a boost from Enel Generacion Chile SA’s previous dividend of $0.32. The ex-dividend date of this dividend is Wednesday, May 17th. Enel Generacion Chile SA’s payout ratio is 25.19%.

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Several large investors have recently made changes to their positions in the stock. Eqis Capital Management Inc. boosted its stake in shares of Enel Generacion Chile SA by 6.5% in the first quarter. Eqis Capital Management Inc. now owns 15,429 shares of the utilities provider’s stock worth $343,000 after buying an additional 943 shares during the last quarter. British Airways Pensions Investment Management Ltd boosted its stake in shares of Enel Generacion Chile SA by 27.5% in the first quarter. British Airways Pensions Investment Management Ltd now owns 70,884 shares of the utilities provider’s stock worth $1,576,000 after buying an additional 15,284 shares during the last quarter. Advisors Asset Management Inc. boosted its stake in shares of Enel Generacion Chile SA by 96.3% in the first quarter. Advisors Asset Management Inc. now owns 46,195 shares of the utilities provider’s stock worth $1,027,000 after buying an additional 22,667 shares during the last quarter. Comerica Bank boosted its stake in shares of Enel Generacion Chile SA by 1.3% in the first quarter. Comerica Bank now owns 15,680 shares of the utilities provider’s stock worth $366,000 after buying an additional 203 shares during the last quarter. Finally, World Asset Management Inc boosted its stake in shares of Enel Generacion Chile SA by 1.7% in the first quarter. World Asset Management Inc now owns 17,025 shares of the utilities provider’s stock worth $379,000 after buying an additional 281 shares during the last quarter. 4.02% of the stock is owned by institutional investors.

Enel Generacion Chile SA 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.

5 Day Chart for NYSE:EOCC

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