Korea Electric Power (NYSE:KEP) Raised to “Hold” at Zacks Research

Korea Electric Power (NYSE:KEP) was upgraded by investment analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report released on Monday, Zacks reports.

A number of other research analysts have also recently commented on the company. Weiss Ratings upgraded Korea Electric Power from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, October 8th. Nomura lowered Korea Electric Power from a “buy” rating to a “neutral” rating in a research note on Thursday, August 13th. Four investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Korea Electric Power currently has a consensus rating of “Reduce”.

Korea Electric Power Price Performance

Korea Electric Power stock opened at $11.22 on Monday. The company has a quick ratio of 0.29, a current ratio of 0.44 and a debt-to-equity ratio of 1.60. The firm has a market capitalization of $14.40 billion, a P/E ratio of 2.64, a PEG ratio of 2.14 and a beta of 1.02. The firm has a fifty day moving average of $11.10 and a 200-day moving average of $13.91. Korea Electric Power has a 52-week low of $10.26 and a 52-week high of $23.41.

Korea Electric Power (NYSE:KEP) last announced its quarterly earnings results on Tuesday, September 15th. The utilities provider reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.03 by ($0.89). Korea Electric Power had a net margin of 8.15% and a return on equity of 15.70%. The company had revenue of $14.60 billion during the quarter, compared to analyst estimates of $19.67 billion. As a group, analysts predict that Korea Electric Power will post 2.59 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Quantinno Capital Management LP increased 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 purchasing an additional 156,227 shares during the last quarter. Engineers Gate Manager LP raised its stake in shares of Korea Electric Power by 166.5% in the 2nd quarter. Engineers Gate Manager LP now owns 105,619 shares of the utilities provider’s stock valued at $1,278,000 after purchasing an additional 65,994 shares in the last quarter. Corient Private Wealth LP lifted its position in shares of Korea Electric Power by 54.2% during the second quarter. Corient Private Wealth LP now owns 265,049 shares of the utilities provider’s stock worth $3,207,000 after purchasing an additional 93,194 shares during the last quarter. Bank of America Corp DE lifted its position in shares of Korea Electric Power by 617.5% during the first quarter. Bank of America Corp DE now owns 249,280 shares of the utilities provider’s stock worth $3,552,000 after purchasing an additional 214,535 shares during the last quarter. Finally, Assetmark Inc. lifted its position in shares of Korea Electric Power by 119.3% during the first quarter. Assetmark Inc. now owns 644,041 shares of the utilities provider’s stock worth $9,178,000 after purchasing an additional 350,337 shares during the last quarter.

Korea Electric Power Company Profile

Korea Electric Power Corporation, commonly known as KEPCO, is an integrated electric utility based in South Korea. It is responsible for transmitting and distributing electricity across the country and selling power to households, businesses and other customers. KEPCO also participates in electricity generation, including through subsidiaries that operate nuclear, coal-fired and other power plants. Its activities extend to energy-related services and overseas power projects. The company traces its modern corporate history to its establishment as a public corporation in 1982, building on earlier Korean electricity organizations.