Korea Electric Power (NYSE:KEP) Upgraded to Strong-Buy at StockNews.com

StockNews.com upgraded shares of Korea Electric Power (NYSE:KEP) from a buy rating to a strong-buy rating in a research note issued to investors on Monday morning.

Korea Electric Power Stock Performance

Shares of Korea Electric Power stock opened at $10.42 on Monday. The business’s fifty day simple moving average is $8.41 and its 200 day simple moving average is $7.86. The company has a current ratio of 0.43, a quick ratio of 0.30 and a debt-to-equity ratio of 2.10. Korea Electric Power has a 12 month low of $6.68 and a 12 month high of $10.48. The firm has a market capitalization of $13.38 billion, a P/E ratio of 4.82 and a beta of 0.76.

Korea Electric Power (NYSE:KEP) last announced its earnings results on Tuesday, March 11th. The utilities provider reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.02. The firm had revenue of $16.82 billion during the quarter, compared to analyst estimates of $17.04 billion. Korea Electric Power had a return on equity of 9.64% and a net margin of 4.03%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Blue Trust Inc. grew its holdings in Korea Electric Power by 98.8% during the fourth quarter. Blue Trust Inc. now owns 99,399 shares of the utilities provider’s stock valued at $684,000 after purchasing an additional 49,393 shares during the period. Sanctuary Advisors LLC purchased a new position in shares of Korea Electric Power during the 4th quarter valued at $525,000. Wealthstream Advisors Inc. bought a new position in shares of Korea Electric Power during the 4th quarter worth $71,000. Schechter Investment Advisors LLC increased its holdings in Korea Electric Power by 136.5% in the 4th quarter. Schechter Investment Advisors LLC now owns 25,568 shares of the utilities provider’s stock worth $176,000 after acquiring an additional 14,758 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in Korea Electric Power in the 4th quarter valued at about $530,000.

Korea Electric Power Company Profile

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.