Korea Electric Power Corp. (KEP) Stock Price Down 2.2%
Korea Electric Power Corp. (NYSE:KEP)’s share price dropped 2.2% during mid-day trading on Thursday . The company traded as low as $27.55 and last traded at $27.70, with a volume of 169,033 shares traded. The stock had previously closed at $28.31.
KEP has been the topic of a number of recent research reports. Goldman Sachs Group Inc. cut Korea Electric Power Corp. from a “conviction-buy” rating to a “buy” rating in a report on Monday, May 16th. Zacks Investment Research upgraded Korea Electric Power Corp. from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a report on Friday, May 13th. Morgan Stanley cut Korea Electric Power Corp. from an “overweight” rating to an “equal weight” rating in a report on Tuesday, June 21st. Finally, HSBC cut Korea Electric Power Corp. from a “buy” rating to a “hold” rating in a report on Thursday, August 4th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. Korea Electric Power Corp. currently has a consensus rating of “Hold” and an average target price of $28.00.
The company has a 50 day moving average of $26.57 and a 200 day moving average of $25.21. The firm has a market capitalization of $34.36 billion and a price-to-earnings ratio of 2.61.
A hedge fund recently raised its stake in Korea Electric Power Corp. stock. Comerica Bank raised its stake in Korea Electric Power Corp. (NYSE:KEP) by 4.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 69,030 shares of the company’s stock after buying an additional 3,032 shares during the period. Comerica Bank’s holdings in Korea Electric Power Corp. were worth $1,426,000 at the end of the most recent quarter.
Korea Electric Power Corporation (KEPCO) is an integrated electric utility company engaged in the transmission and distribution of electricity in the Republic of Korea. Its segments include transmission and distribution, nuclear power generation and thermal power generation and all others. The transmission and distribution segment, which is operated by KEPCO, comprise operations related to the transmission, distribution and sale to end-users of electricity purchased from its generation subsidiaries, as well as from independent power producers.
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