Korea Electric Power (NYSE:KEP) Hits New 12-Month Low – Should You Sell?

Korea Electric Power Corporation (NYSE:KEP)’s stock price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $11.24 and last traded at $11.2070, with a volume of 4296 shares traded. The stock had previously closed at $11.28.

Analyst Upgrades and Downgrades

KEP has been the subject of several recent research reports. Morgan Stanley lowered shares of Korea Electric Power from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, May 19th. Weiss Ratings lowered shares of Korea Electric Power from a “buy (b)” rating to a “hold (c+)” rating in a report on Wednesday, May 27th. Zacks Research raised shares of Korea Electric Power from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 11th. Finally, Nomura lowered Korea Electric Power from a “buy” rating to a “neutral” rating in a research report on Thursday, August 13th. Four equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce”.

Korea Electric Power Stock Performance

The firm has a market capitalization of $14.42 billion, a price-to-earnings ratio of 2.35, a P/E/G ratio of 2.13 and a beta of 0.95. The company has a quick ratio of 0.29, a current ratio of 0.43 and a debt-to-equity ratio of 1.56. The stock has a 50-day moving average price of $12.13 and a 200 day moving average price of $14.74.

Korea Electric Power (NYSE:KEP) last issued its earnings results on Wednesday, August 12th. The utilities provider reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.18). Korea Electric Power had a net margin of 8.95% and a return on equity of 18.25%. The firm had revenue of $14.15 billion during the quarter, compared to analyst estimates of $15.31 billion. On average, analysts forecast that Korea Electric Power Corporation will post 2.56 EPS for the current year.

Hedge Funds Weigh In On Korea Electric Power

A number of institutional investors and hedge funds have recently modified their holdings of KEP. Public Employees Retirement System of Ohio acquired a new stake in Korea Electric Power in the second quarter valued at $8,951,000. Elmwood Wealth Management Inc. acquired a new position in Korea Electric Power in the second quarter valued at approximately $138,000. GAMMA Investing LLC raised its holdings in Korea Electric Power by 37.3% during the second quarter. GAMMA Investing LLC now owns 23,534 shares of the utilities provider’s stock worth $285,000 after purchasing an additional 6,397 shares in the last quarter. NewEdge Advisors LLC lifted its position in shares of Korea Electric Power by 29.3% during the 1st 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 during the last quarter. Finally, Bank of America Corp DE lifted its position in shares of Korea Electric Power by 617.5% during the 1st quarter. Bank of America Corp DE now owns 249,280 shares of the utilities provider’s stock worth $3,552,000 after buying an additional 214,535 shares during the last quarter.

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.