Korea Electric Power (NYSE:KEP) Stock Rating Upgraded by Zacks Research

Korea Electric Power (NYSE:KEP) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Other research analysts have also issued reports about the stock. Weiss Ratings lowered shares of Korea Electric Power from a “buy (b)” rating to a “hold (c+)” rating in a research note on Wednesday, May 27th. Morgan Stanley downgraded Korea Electric Power from an “equal weight” rating to an “underweight” rating in a research report on Tuesday, May 19th. Three research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce”.

Korea Electric Power Price Performance

Shares of NYSE:KEP opened at $11.89 on Tuesday. The firm has a market capitalization of $15.27 billion, a PE ratio of 2.49, a P/E/G ratio of 2.12 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 company has a 50-day moving average price of $12.22 and a two-hundred day moving average price of $15.15. Korea Electric Power has a twelve month low of $11.25 and a twelve month high of $23.41.

Korea Electric Power (NYSE:KEP) last posted its quarterly earnings results on Wednesday, August 12th. The utilities provider reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.40). The business had revenue of $14.15 billion during the quarter, compared to the consensus estimate of $14.88 billion. Korea Electric Power had a net margin of 8.95% and a return on equity of 18.25%. Equities analysts forecast that Korea Electric Power will post 2.83 EPS for the current year.

Hedge Funds Weigh In On Korea Electric Power

Several hedge funds have recently bought and sold shares of KEP. Arrowstreet Capital Limited Partnership lifted its stake in Korea Electric Power by 26.0% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,514,228 shares of the utilities provider’s stock worth $19,761,000 after purchasing an additional 312,680 shares in the last quarter. State Street Corp grew its position in shares of Korea Electric Power by 5.3% during the 4th quarter. State Street Corp now owns 883,266 shares of the utilities provider’s stock valued at $14,574,000 after purchasing an additional 44,617 shares in the last quarter. Goldman Sachs Group Inc. grew its position in shares of Korea Electric Power by 9.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 847,902 shares of the utilities provider’s stock valued at $13,990,000 after purchasing an additional 70,943 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Korea Electric Power by 1.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 703,998 shares of the utilities provider’s stock worth $11,624,000 after purchasing an additional 8,882 shares during the period. Finally, Assetmark Inc. increased its holdings in shares of Korea Electric Power by 119.3% in 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 period.

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.