Korea Electric Power (NYSE:KEP) Lowered to “Neutral” Rating by Bank of America

Bank of America downgraded shares of Korea Electric Power (NYSE:KEP) from a buy rating to a neutral rating in a report issued on Tuesday morning, MarketBeat.com reports.

Several other equities research analysts also recently weighed in on KEP. Wall Street Zen downgraded shares of Korea Electric Power from a “buy” rating to a “hold” rating in a research note on Sunday, March 22nd. Weiss Ratings cut shares of Korea Electric Power from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, March 13th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Korea Electric Power currently has an average rating of “Hold”.

Korea Electric Power Price Performance

Korea Electric Power stock opened at $14.24 on Tuesday. The stock has a market capitalization of $18.28 billion, a price-to-earnings ratio of 3.03, a PEG ratio of 0.04 and a beta of 0.88. Korea Electric Power has a 52-week low of $7.19 and a 52-week high of $23.41. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.31 and a current ratio of 0.46. The stock’s 50 day moving average price is $19.14 and its two-hundred day moving average price is $17.03.

Korea Electric Power (NYSE:KEP) last released its quarterly earnings data on Saturday, February 14th. The utilities provider reported ($0.10) earnings per share for the quarter. Korea Electric Power had a net margin of 8.80% and a return on equity of 18.76%. The company had revenue of $13.61 billion during the quarter.

Institutional Trading of Korea Electric Power

Several hedge funds have recently bought and sold shares of the business. AdvisorShares Investments LLC bought a new position in shares of Korea Electric Power in the third quarter valued at $1,017,000. American Century Companies Inc. grew its holdings in shares of Korea Electric Power by 19.8% during the second quarter. American Century Companies Inc. now owns 530,743 shares of the utilities provider’s stock valued at $7,558,000 after buying an additional 87,682 shares during the last quarter. Capital Wealth Planning LLC increased its position in shares of 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 acquiring an additional 176,920 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of Korea Electric Power by 22.0% during the second quarter. Arrowstreet Capital Limited Partnership now owns 1,201,548 shares of the utilities provider’s stock worth $17,110,000 after acquiring an additional 216,828 shares in the last quarter. Finally, Walleye Capital LLC raised its holdings in shares of Korea Electric Power by 216.7% in the 2nd quarter. Walleye Capital LLC now owns 242,832 shares of the utilities provider’s stock worth $3,458,000 after acquiring an additional 166,154 shares during 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.