Korea Electric Power (NYSE:KEP) Sets New 52-Week Low – Here’s Why

Shares of Korea Electric Power Corporation (NYSE:KEP) hit a new 52-week low during trading on Monday . The company traded as low as $11.73 and last traded at $11.8950, with a volume of 265439 shares traded. The stock had previously closed at $12.39.

Analyst Ratings Changes

A number of brokerages have recently commented on KEP. Morgan Stanley lowered shares of Korea Electric Power from an “equal weight” rating to an “underweight” rating in a research report on Tuesday, May 19th. Bank of America lowered Korea Electric Power from a “buy” rating to a “neutral” rating in a report on Tuesday, March 31st. Zacks Research raised Korea Electric Power from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 28th. Wall Street Zen downgraded Korea Electric Power from a “buy” rating to a “hold” rating in a report on Sunday, March 22nd. Finally, Weiss Ratings downgraded Korea Electric Power from a “buy (b)” rating to a “hold (c+)” rating in a research report on Wednesday, May 27th. Three analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Korea Electric Power currently has a consensus rating of “Reduce”.

Korea Electric Power Stock Performance

The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.29 and a current ratio of 0.43. The firm has a market cap of $15.22 billion, a P/E ratio of 2.48, a price-to-earnings-growth ratio of 2.14 and a beta of 0.95. The firm’s fifty day moving average price is $13.07 and its 200 day moving average price is $16.15.

Korea Electric Power (NYSE:KEP) last announced its quarterly earnings results on Tuesday, June 16th. The utilities provider reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.06. The firm had revenue of $16.22 billion during the quarter, compared to analysts’ expectations of $17.21 billion. Korea Electric Power had a net margin of 8.95% and a return on equity of 18.25%. Sell-side analysts expect that Korea Electric Power Corporation will post 2.83 EPS for the current fiscal year.

Institutional Trading of Korea Electric Power

Hedge funds and other institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. boosted its position in Korea Electric Power by 47,424.3% during the third quarter. JPMorgan Chase & Co. now owns 375,442 shares of the utilities provider’s stock valued at $4,900,000 after purchasing an additional 374,652 shares in the last quarter. Capital Wealth Planning LLC raised its holdings in Korea Electric Power by 56.6% in the fourth quarter. Capital Wealth Planning LLC now owns 595,498 shares of the utilities provider’s stock worth $9,921,000 after purchasing an additional 215,150 shares in the last quarter. Whittier Trust Co. bought a new position in Korea Electric Power in the first quarter worth about $619,000. Northwestern Mutual Wealth Management Co. lifted its position in shares of Korea Electric Power by 4,179.1% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 99,404 shares of the utilities provider’s stock valued at $1,640,000 after buying an additional 97,081 shares during the last quarter. Finally, Dorsey Wright & Associates purchased a new stake in shares of Korea Electric Power during the third quarter valued at about $1,454,000.

Korea Electric Power Company Profile

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.