Wall Street Zen Downgrades Korea Electric Power (NYSE:KEP) to Buy

Korea Electric Power (NYSE:KEP) was downgraded by Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

Korea Electric Power Price Performance

Korea Electric Power stock opened at $13.89 on Friday. Korea Electric Power has a 12-month low of $6.68 and a 12-month high of $15.19. The stock has a market capitalization of $17.83 billion, a P/E ratio of 4.76 and a beta of 0.95. The firm’s 50-day moving average is $13.06 and its two-hundred day moving average is $10.06. The company has a debt-to-equity ratio of 2.09, a current ratio of 0.47 and a quick ratio of 0.32.

Korea Electric Power (NYSE:KEP) last released its quarterly earnings results on Tuesday, June 17th. The utilities provider reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.35. Korea Electric Power had a net margin of 5.53% and a return on equity of 13.16%. The company had revenue of $16.67 billion for the quarter, compared to analysts’ expectations of $17.04 billion.

Institutional Investors Weigh In On Korea Electric Power

Hedge funds have recently modified their holdings of the company. Hantz Financial Services Inc. boosted its position in shares of Korea Electric Power by 204.3% in the second quarter. Hantz Financial Services Inc. now owns 2,757 shares of the utilities provider’s stock worth $39,000 after acquiring an additional 1,851 shares during the last quarter. MAI Capital Management acquired a new stake in shares of Korea Electric Power in the second quarter worth approximately $93,000. Simon Quick Advisors LLC acquired a new stake in shares of Korea Electric Power in the second quarter worth approximately $147,000. Seeds Investor LLC acquired a new stake in shares of Korea Electric Power in the second quarter worth approximately $159,000. Finally, Virtu Financial LLC acquired a new stake in shares of Korea Electric Power in the first quarter worth approximately $83,000.

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.