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 issued on Thursday,Zacks.com reports.

A number of other equities research analysts have also issued reports on the company. Wall Street Zen lowered Korea Electric Power from a “buy” rating to a “hold” rating in a research note on Sunday, March 22nd. Weiss Ratings lowered Korea Electric Power from a “buy (b)” rating to a “hold (c+)” rating in a research note on Wednesday. Bank of America lowered Korea Electric Power from a “buy” rating to a “neutral” rating in a research note on Tuesday, March 31st. Finally, Morgan Stanley lowered Korea Electric Power from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, May 19th. 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, Korea Electric Power presently has a consensus rating of “Reduce”.

Korea Electric Power Stock Performance

KEP opened at $13.14 on Thursday. The stock has a market cap of $16.86 billion, a P/E ratio of 2.79, a P/E/G ratio of 1.96 and a beta of 0.99. The company has a debt-to-equity ratio of 1.70, a current ratio of 0.46 and a quick ratio of 0.31. The stock’s 50 day simple moving average is $14.55 and its 200 day simple moving average is $17.11. Korea Electric Power has a 1-year low of $10.08 and a 1-year high of $23.41.

Korea Electric Power (NYSE:KEP) last released its quarterly earnings results on Saturday, February 14th. The utilities provider reported ($0.10) earnings per share for the quarter. The firm had revenue of $13.61 billion during the quarter. Korea Electric Power had a return on equity of 18.76% and a net margin of 8.80%. As a group, equities analysts anticipate that Korea Electric Power will post 3.29 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. AdvisorShares Investments LLC purchased a new position in shares of Korea Electric Power during the 3rd quarter worth $1,017,000. JPMorgan Chase & Co. increased its holdings in shares of Korea Electric Power by 47,424.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 375,442 shares of the utilities provider’s stock worth $4,900,000 after buying an additional 374,652 shares during the last quarter. Capital Wealth Planning LLC increased its holdings in shares of Korea Electric Power by 87.0% during the 3rd quarter. Capital Wealth Planning LLC now owns 380,348 shares of the utilities provider’s stock worth $4,964,000 after buying an additional 176,920 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Korea Electric Power during the 3rd quarter worth $456,000. Finally, Assetmark Inc. increased its holdings in shares of Korea Electric Power by 1,172,236.7% during the 3rd quarter. Assetmark Inc. now owns 351,701 shares of the utilities provider’s stock worth $4,590,000 after buying an additional 351,671 shares during the last quarter.

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.