Korea Electric Power Co. (NYSE:KEP) Given Consensus Recommendation of “Hold” by Brokerages

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Shares of Korea Electric Power Co. (NYSE:KEP) have earned an average recommendation of “Hold” from the six ratings firms that are presently covering the firm, MarketBeat reports. Six equities research analysts have rated the stock with a hold recommendation.

Several analysts have recently issued reports on the company. Zacks Investment Research upgraded Korea Electric Power from a “sell” rating to a “hold” rating in a research note on Friday, August 9th. Nomura cut Korea Electric Power from a “buy” rating to a “neutral” rating in a research report on Thursday, June 6th. Morgan Stanley cut Korea Electric Power to an “equal weight” rating in a research report on Tuesday, May 14th. ValuEngine raised Korea Electric Power from a “sell” rating to a “hold” rating in a research report on Monday, May 13th. Finally, Daiwa Capital Markets cut Korea Electric Power from a “buy” rating to a “hold” rating in a research report on Tuesday, May 7th.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. D. E. Shaw & Co. Inc. acquired a new position in shares of Korea Electric Power during the 2nd quarter worth about $382,000. Morgan Stanley lifted its position in shares of Korea Electric Power by 12.4% during the 2nd quarter. Morgan Stanley now owns 3,515,778 shares of the utilities provider’s stock worth $39,025,000 after purchasing an additional 388,353 shares during the last quarter. Assetmark Inc. lifted its position in shares of Korea Electric Power by 25.6% during the 2nd quarter. Assetmark Inc. now owns 133,312 shares of the utilities provider’s stock worth $1,480,000 after purchasing an additional 27,172 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Korea Electric Power by 1.8% during the 2nd quarter. Vanguard Group Inc. now owns 2,107,200 shares of the utilities provider’s stock worth $23,390,000 after purchasing an additional 37,374 shares during the last quarter. Finally, Ellington Management Group LLC acquired a new position in shares of Korea Electric Power during the 2nd quarter worth about $122,000. 3.91% of the stock is owned by institutional investors and hedge funds.

KEP opened at $10.27 on Monday. The company has a market cap of $13.29 billion, a P/E ratio of -11.04, a PEG ratio of 15.92 and a beta of 0.30. The business’s 50-day moving average is $11.03. Korea Electric Power has a 52-week low of $10.19 and a 52-week high of $15.78. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.59 and a current ratio of 0.89.

Korea Electric Power (NYSE:KEP) last released its quarterly earnings results on Tuesday, June 11th. The utilities provider reported ($0.55) earnings per share (EPS) for the quarter. The company had revenue of $13.72 billion for the quarter. Korea Electric Power had a negative return on equity of 2.45% and a negative net margin of 2.90%. On average, research analysts predict that Korea Electric Power will post 0.13 EPS for the current year.

Korea Electric Power Company Profile

Korea Electric Power Corporation, an integrated electric utility company, generates, transmits, and distributes electricity in Korea and internationally. The company operates through Transmission and Distribution, Electric Power Generation (Nuclear), Electric Power Generation (Non-nuclear), Plant Maintenance & Engineering Service, and Others segments.

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