Enel Generación Chile (EOCC) Stake Raised by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank grew its position in Enel Generación Chile (NYSE:EOCC) by 18.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 63,572 shares of the utilities provider’s stock after acquiring an additional 10,125 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Enel Generación Chile were worth $1,512,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. FNY Partners Fund LP purchased a new stake in shares of Enel Generación Chile in the fourth quarter valued at $144,000. Nomura Asset Management Co. Ltd. bought a new position in shares of Enel Generación Chile in the fourth quarter worth about $203,000. St. James Investment Company LLC bought a new position in shares of Enel Generación Chile in the fourth quarter worth about $226,000. Deutsche Bank AG grew its holdings in shares of Enel Generación Chile by 73.0% in the fourth quarter. Deutsche Bank AG now owns 8,591 shares of the utilities provider’s stock worth $230,000 after purchasing an additional 3,626 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. bought a new position in shares of Enel Generación Chile in the fourth quarter worth about $276,000. 2.44% of the stock is currently owned by institutional investors and hedge funds.

Shares of Enel Generación Chile stock opened at $21.81 on Friday. Enel Generación Chile has a 1 year low of $21.55 and a 1 year high of $21.80. The stock has a market cap of $5.98 billion, a price-to-earnings ratio of 9.16 and a beta of 0.83.

Enel Generación Chile (NYSE:EOCC) last issued its earnings results on Wednesday, February 28th. The utilities provider reported $0.86 earnings per share (EPS) for the quarter. Enel Generación Chile had a net margin of 21.20% and a return on equity of 18.54%. The company had revenue of $734.94 million for the quarter.

The firm also recently announced a dividend, which was paid on Friday, May 11th. Shareholders of record on Friday, May 11th were issued a dividend of $1.139 per share. This is a boost from Enel Generación Chile’s previous dividend of $0.23. The ex-dividend date of this dividend was Thursday, May 10th.

A number of research analysts have recently commented on EOCC shares. TheStreet upgraded shares of Enel Generación Chile from a “c” rating to a “b-” rating in a report on Friday, February 9th. ValuEngine cut shares of Enel Generación Chile from a “buy” rating to a “hold” rating in a report on Wednesday, May 2nd. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and one has given a buy rating to the company. Enel Generación Chile currently has an average rating of “Hold” and an average price target of $24.20.

About Enel Generación Chile

Enel Generación Chile SA, an electricity utility company, engages in the generation, transportation, and distribution of electricity in Chile. The company generates electricity through hydro, thermal, and wind power sources. As of December 31, 2016, it had 6,351 megawatts of installed capacity with 28 generation facilities and a total of 111 generation units.

Institutional Ownership by Quarter for Enel Generación Chile (NYSE:EOCC)

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