Korea Electric Power (NYSE:KEP) Lowered to “Hold” Rating by Wall Street Zen

Korea Electric Power (NYSE:KEP) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued on Sunday.

Separately, Weiss Ratings cut Korea Electric Power from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, March 13th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Korea Electric Power Trading Down 2.6%

Shares of NYSE KEP opened at $15.94 on Friday. The company has a debt-to-equity ratio of 1.70, a current ratio of 0.46 and a quick ratio of 0.31. The business’s 50 day moving average is $19.69 and its two-hundred day moving average is $16.93. Korea Electric Power has a 1-year low of $7.19 and a 1-year high of $23.41. The stock has a market capitalization of $20.46 billion, a P/E ratio of 3.39, a PEG ratio of 0.05 and a beta of 0.88.

Korea Electric Power (NYSE:KEP) last posted its earnings results on Tuesday, March 10th. The utilities provider reported $0.71 earnings per share (EPS) for the quarter. The company had revenue of $14.92 billion during the quarter, compared to the consensus estimate of $16.37 billion. Korea Electric Power had a net margin of 8.80% and a return on equity of 18.76%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. AdvisorShares Investments LLC acquired a new stake in shares of Korea Electric Power during the 3rd quarter valued at about $1,017,000. American Century Companies Inc. increased its stake in shares of Korea Electric Power by 19.8% in the 2nd quarter. American Century Companies Inc. now owns 530,743 shares of the utilities provider’s stock valued at $7,558,000 after purchasing an additional 87,682 shares in the last quarter. Quadrant Capital Group LLC raised its holdings in Korea Electric Power by 369.1% in the 2nd quarter. Quadrant Capital Group LLC now owns 171,595 shares of the utilities provider’s stock worth $2,444,000 after purchasing an additional 135,017 shares during the period. Summit Global Investments purchased a new position in Korea Electric Power during the second quarter worth approximately $631,000. Finally, Capital Wealth Planning LLC boosted its position in Korea Electric Power by 87.0% during the third quarter. Capital Wealth Planning LLC now owns 380,348 shares of the utilities provider’s stock worth $4,964,000 after purchasing an additional 176,920 shares in the last quarter.

About Korea Electric Power

Korea Electric Power (KEP) is a South Korea–based integrated electric utility engaged in the generation, transmission and distribution of electricity. The company’s activities span power plant operation and maintenance, grid management, fuel procurement and power trading, as well as engineering, procurement and construction (EPC) services for large-scale power projects. Its asset base includes a mix of thermal, nuclear, hydro and renewable generation capacity, and the company supports system planning and reliability functions for the national electricity network.

In addition to core utility operations, KEP provides a range of technical and consulting services tied to power infrastructure, including plant construction, refurbishment and decommissioning support.