Korea Electric Power (NYSE:KEP) Lowered to “Buy” Rating by Wall Street Zen

Wall Street Zen lowered shares of Korea Electric Power (NYSE:KEP) from a strong-buy rating to a buy rating in a report published on Saturday morning.

Several other research analysts also recently issued reports on KEP. Zacks Research upgraded shares of Korea Electric Power to a “hold” rating in a report on Wednesday, November 19th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Korea Electric Power in a research note on Monday, December 29th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company has a consensus rating of “Hold”.

Korea Electric Power Price Performance

KEP opened at $16.24 on Friday. The business has a 50 day moving average of $19.81 and a 200-day moving average of $16.83. The company has a debt-to-equity ratio of 1.70, a current ratio of 0.46 and a quick ratio of 0.33. Korea Electric Power has a 1-year low of $7.19 and a 1-year high of $23.41.

Korea Electric Power (NYSE:KEP) last announced its earnings results on Tuesday, March 10th. The utilities provider reported $0.71 earnings per share (EPS) for the quarter. The business had revenue of $14.92 billion for the quarter, compared to analyst estimates of $16.37 billion. Korea Electric Power had a net margin of 8.80% and a return on equity of 18.76%.

Institutional Investors Weigh In On Korea Electric Power

Several institutional investors and hedge funds have recently bought and sold shares of the business. Smartleaf Asset Management LLC acquired a new position in shares of Korea Electric Power in the 3rd quarter valued at $29,000. TD Private Client Wealth LLC acquired a new stake in shares of Korea Electric Power during the 3rd quarter valued at about $33,000. Global Retirement Partners LLC bought a new stake in Korea Electric Power in the third quarter valued at about $41,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in Korea Electric Power in the fourth quarter worth about $45,000. Finally, Barclays PLC acquired a new position in Korea Electric Power in the fourth quarter worth about $45,000.

About Korea Electric Power

Korea Electric Power (KEP) is a South Korea–based integrated electric utility engaged in the generation, transmission and distribution of electricity. The company’s activities span power plant operation and maintenance, grid management, fuel procurement and power trading, as well as engineering, procurement and construction (EPC) services for large-scale power projects. Its asset base includes a mix of thermal, nuclear, hydro and renewable generation capacity, and the company supports system planning and reliability functions for the national electricity network.

In addition to core utility operations, KEP provides a range of technical and consulting services tied to power infrastructure, including plant construction, refurbishment and decommissioning support.