Korea Electric Power (NYSE:KEP) Reaches New 52-Week Low – Here’s What Happened

Korea Electric Power Corporation (NYSE:KEP) hit a new 52-week low during trading on Tuesday . The company traded as low as $11.78 and last traded at $12.0010, with a volume of 284199 shares changing hands. The stock had previously closed at $12.66.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Weiss Ratings lowered Korea Electric Power from a “buy (b)” rating to a “hold (c+)” rating in a report on Wednesday, May 27th. Zacks Research upgraded Korea Electric Power from a “strong sell” rating to a “hold” rating in a report on Thursday, May 28th. Wall Street Zen lowered shares of Korea Electric Power from a “buy” rating to a “hold” rating in a research report on Sunday, March 22nd. Morgan Stanley cut shares of Korea Electric Power from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, May 19th. Finally, Bank of America cut shares of Korea Electric Power from a “buy” rating to a “neutral” rating in a research note on Tuesday, March 31st. Three investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Korea Electric Power presently has a consensus rating of “Reduce”.

Korea Electric Power Trading Up 1.1%

The stock has a market capitalization of $15.60 billion, a price-to-earnings ratio of 2.54, a PEG ratio of 2.07 and a beta of 0.93. The company’s 50 day moving average is $13.78 and its 200 day moving average is $16.55. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.29 and a current ratio of 0.43.

Korea Electric Power (NYSE:KEP) last issued its quarterly earnings results on Saturday, February 14th. The utilities provider reported ($0.10) earnings per share for the quarter. The company had revenue of $13.61 billion during the quarter. Korea Electric Power had a net margin of 8.95% and a return on equity of 18.25%. On average, research analysts forecast that Korea Electric Power Corporation will post 2.83 EPS for the current fiscal year.

Institutional Investors Weigh In On Korea Electric Power

Hedge funds have recently made changes to their positions in the stock. NewEdge Advisors LLC grew its position in Korea Electric Power by 29.3% during the first quarter. NewEdge Advisors LLC now owns 38,524 shares of the utilities provider’s stock worth $549,000 after buying an additional 8,723 shares in the last quarter. Bank of America Corp DE raised its holdings in Korea Electric Power by 617.5% in the 1st quarter. Bank of America Corp DE now owns 249,280 shares of the utilities provider’s stock valued at $3,552,000 after acquiring an additional 214,535 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Korea Electric Power by 34.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 21,535 shares of the utilities provider’s stock worth $307,000 after acquiring an additional 5,528 shares during the period. Royal Bank of Canada lifted its position in shares of Korea Electric Power by 171.4% in the 1st quarter. Royal Bank of Canada now owns 6,499 shares of the utilities provider’s stock worth $93,000 after acquiring an additional 4,104 shares during the period. Finally, Quantinno Capital Management LP lifted its position in shares of Korea Electric Power by 48.1% in the 1st quarter. Quantinno Capital Management LP now owns 480,867 shares of the utilities provider’s stock worth $6,852,000 after acquiring an additional 156,227 shares during the period.

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.