StockNews.com Downgrades Korea Electric Power (NYSE:KEP) to Hold

Korea Electric Power (NYSE:KEP) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Friday.

Korea Electric Power Trading Up 1.0 %

NYSE:KEP opened at $7.34 on Friday. The business has a 50 day moving average of $7.53 and a 200 day moving average of $7.65. The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.30 and a current ratio of 0.43. Korea Electric Power has a 1-year low of $6.68 and a 1-year high of $9.55.

Institutional Investors Weigh In On Korea Electric Power

A number of institutional investors have recently made changes to their positions in KEP. State Street Corp increased its stake in Korea Electric Power by 0.9% in the 3rd quarter. State Street Corp now owns 746,847 shares of the utilities provider’s stock worth $5,796,000 after purchasing an additional 6,975 shares during the period. Stifel Financial Corp bought a new position in shares of Korea Electric Power in the third quarter worth approximately $96,000. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Korea Electric Power by 46.8% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,193,185 shares of the utilities provider’s stock worth $9,259,000 after buying an additional 380,145 shares during the period. Public Employees Retirement System of Ohio bought a new stake in Korea Electric Power during the 3rd quarter valued at $855,000. Finally, Jane Street Group LLC purchased a new stake in Korea Electric Power during the 3rd quarter valued at $140,000.

About Korea Electric Power

Korea Electric Power Corporation, an integrated electric utility company, engages in the generation, transmission, and distribution of electricity in South Korea and internationally. The company operates through Transmission and Distribution, Nuclear Power Generation, Thermal Power Generation, and Others segments.