Several other research analysts have also recently issued reports on the company. ValuEngine cut Enel Generacion Chile from a strong-buy rating to a buy rating in a report on Wednesday, December 20th. BidaskClub cut Enel Generacion Chile from a strong-buy rating to a buy rating in a report on Thursday, November 2nd. Scotiabank cut Enel Generacion Chile from a sector perform rating to an underperform rating in a report on Wednesday, November 1st. Finally, Morgan Stanley cut Enel Generacion Chile from an equal weight rating to an underweight rating in a report on Tuesday, October 24th. Two analysts have rated the stock with a sell rating and two have issued a buy rating to the company. Enel Generacion Chile has a consensus rating of Hold and an average price target of $24.20.
Enel Generacion Chile (NYSE:EOCC) opened at $28.06 on Friday. Enel Generacion Chile has a twelve month low of $19.58 and a twelve month high of $29.41.
Enel Generacion Chile (NYSE:EOCC) last posted its quarterly earnings results on Wednesday, November 29th. The utilities provider reported $0.50 earnings per share (EPS) for the quarter. The company had revenue of $644.47 million during the quarter.
The business also recently declared a dividend, which was paid on Friday, January 19th. Shareholders of record on Friday, January 19th were issued a $0.228 dividend. The ex-dividend date of this dividend was Thursday, January 18th.
Several hedge funds and other institutional investors have recently bought and sold shares of EOCC. Schwab Charles Investment Management Inc. increased its holdings in shares of Enel Generacion Chile by 20.3% in the second quarter. Schwab Charles Investment Management Inc. now owns 113,300 shares of the utilities provider’s stock valued at $2,566,000 after buying an additional 19,096 shares in the last quarter. Wells Fargo & Company MN raised its stake in 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 purchasing an additional 6,330 shares during the period. New York State Common Retirement Fund acquired a new stake in Enel Generacion Chile during the 2nd quarter valued at $100,000. Northern Trust Corp raised its stake in Enel Generacion Chile by 4.9% during the 2nd quarter. Northern Trust Corp now owns 182,649 shares of the utilities provider’s stock valued at $4,134,000 after purchasing an additional 8,554 shares during the period. Finally, Vanguard Group Inc. raised its stake in Enel Generacion Chile by 6.5% during the 2nd quarter. Vanguard Group Inc. now owns 1,490,272 shares of the utilities provider’s stock valued at $33,740,000 after purchasing an additional 90,717 shares during the period. 2.37% of the stock is currently owned by institutional investors.
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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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