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 changing hands. The stock had previously closed at $11.13.

Analyst Ratings Changes

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

Korea Electric Power Stock 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 firm’s fifty day simple moving average is $11.08 and its 200 day simple moving average is $13.81. The stock 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.

Korea Electric Power (NYSE:KEP) last released its quarterly earnings results on Tuesday, September 15th. The utilities provider reported $0.14 earnings per share 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. On average, sell-side analysts forecast that Korea Electric Power Corporation will post 3.14 earnings per share for the current year.

Institutional Investors Weigh In On Korea Electric Power

Several institutional investors have recently bought and sold shares of the company. Quantinno Capital Management LP boosted its position in Korea Electric Power by 48.1% during the 1st quarter. Quantinno Capital Management LP now owns 480,867 shares of the utilities provider’s stock worth $6,852,000 after acquiring an additional 156,227 shares during the last quarter. Engineers Gate Manager LP grew its stake in shares of Korea Electric Power by 166.5% during the 2nd quarter. Engineers Gate Manager LP now owns 105,619 shares of the utilities provider’s stock worth $1,278,000 after acquiring an additional 65,994 shares in the last quarter. Corient Private Wealth LP raised its holdings in shares of Korea Electric Power by 54.2% in the second quarter. Corient Private Wealth LP now owns 265,049 shares of the utilities provider’s stock valued at $3,207,000 after purchasing an additional 93,194 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of Korea Electric Power by 617.5% in the first quarter. Bank of America Corp DE now owns 249,280 shares of the utilities provider’s stock valued at $3,552,000 after purchasing an additional 214,535 shares during the last quarter. Finally, Assetmark Inc. raised 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 valued at $9,178,000 after purchasing an additional 350,337 shares during the last quarter.

About Korea Electric Power

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.