Korea Electric Power Corp. (KEP) Stock Price Down 3.5%
Korea Electric Power Corp. (NYSE:KEP) shares were down 3.5% during mid-day trading on Friday . The company traded as low as $25.63 and last traded at $25.64, with a volume of 276,620 shares. The stock had previously closed at $26.58.
A number of research analysts have issued reports on KEP shares. Zacks Investment Research raised shares of Korea Electric Power Corp. from a “strong sell” rating to a “hold” rating in a report on Friday, May 6th. Goldman Sachs Group Inc. cut shares of Korea Electric Power Corp. from a “conviction-buy” rating to a “buy” rating in a report on Monday, May 16th. Morgan Stanley cut shares of Korea Electric Power Corp. from an “overweight” rating to an “equal weight” rating in a report on Tuesday, June 21st. Finally, HSBC cut shares of 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 assigned a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $28.00.
The firm has a market cap of $33.02 billion and a PE ratio of 2.49. The firm has a 50 day moving average price of $26.72 and a 200-day moving average price of $25.38.
An institutional investor recently raised its position in Korea Electric Power Corp. stock. Bank of Montreal Can raised its position in shares of Korea Electric Power Corp. (NYSE:KEP) by 10,332.2% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 62,593 shares of the company’s stock after buying an additional 61,993 shares during the period. Bank of Montreal Can’s holdings in Korea Electric Power Corp. were worth $1,325,000 as of its most recent SEC filing.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.