Korea Electric Power (NYSE:KEP) Reaches New 12-Month Low – Here’s What Happened

Korea Electric Power Corporation (NYSE:KEP) reached a new 52-week low during trading on Friday. The company traded as low as $10.00 and last traded at $10.2140, with a volume of 300,828 shares traded. The stock had previously closed at $11.13.

Analysts Set New Price Targets

A number of research firms recently weighed in on KEP. Nomura cut Korea Electric Power from a “buy” rating to a “neutral” rating in a report on Thursday, August 13th. Zacks Research raised Korea Electric Power from a “strong sell” rating to a “hold” rating in a research note on Monday. Finally, Weiss Ratings upgraded Korea Electric Power from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, October 8th. Four equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce”.

Korea Electric Power Trading Down 9.0%

The company has a debt-to-equity ratio of 1.60, a quick ratio of 0.29 and a current ratio of 0.44. The company has a market capitalization of $13.00 billion, a price-to-earnings ratio of 2.36, a P/E/G ratio of 1.77 and a beta of 1.02. The business’s 50-day simple moving average is $11.08 and its 200-day simple moving average is $13.81.

Korea Electric Power (NYSE:KEP) last issued its 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 business had revenue of $14.60 billion during the quarter, compared to the consensus estimate of $19.67 billion. On average, research analysts expect that Korea Electric Power Corporation will post 3.14 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Korea Electric Power

Hedge funds and other institutional investors have recently bought and sold shares of the business. Parallel Advisors LLC grew its holdings in Korea Electric Power by 30.8% during the 3rd quarter. Parallel Advisors LLC now owns 4,724 shares of the utilities provider’s stock worth $52,000 after acquiring an additional 1,111 shares during the period. Royal Bank of Canada raised its position in shares of Korea Electric Power by 171.4% during the 1st quarter. Royal Bank of Canada now owns 6,499 shares of the utilities provider’s stock valued at $93,000 after acquiring an additional 4,104 shares during the last quarter. Inspire Investing LLC lifted its stake in shares of Korea Electric Power by 30.8% in the 3rd quarter. Inspire Investing LLC now owns 8,803 shares of the utilities provider’s stock valued at $96,000 after purchasing an additional 2,071 shares during the period. Altar Rock LLC acquired a new position in shares of Korea Electric Power in the 3rd quarter valued at $116,000. Finally, Nykredit A S acquired a new position in shares of Korea Electric Power in the 2nd quarter valued at $121,000.

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.