Korea Electric Power (NYSE:KEP) Cut to “Buy” at Wall Street Zen

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.

Several other equities analysts have also recently issued reports on KEP. Zacks Research raised Korea Electric Power to a “hold” rating in a research note on Wednesday, November 19th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Korea Electric Power in a research note on Monday, December 29th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Korea Electric Power has a consensus rating of “Moderate Buy”.

Korea Electric Power Stock Performance

Shares of NYSE:KEP opened at $16.24 on Friday. The company has a current ratio of 0.46, a quick ratio of 0.33 and a debt-to-equity ratio of 1.70. The company has a 50-day moving average price of $19.81 and a 200-day moving average price of $16.81. The company has a market cap of $20.85 billion, a price-to-earnings ratio of 3.45, a price-to-earnings-growth ratio of 0.05 and a beta of 0.88. Korea Electric Power has a 12 month low of $7.19 and a 12 month high of $23.41.

Korea Electric Power (NYSE:KEP) last announced its quarterly 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 for the quarter, compared to the consensus estimate of $16.37 billion. Korea Electric Power had a return on equity of 18.76% and a net margin of 8.80%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in KEP. Smartleaf Asset Management LLC bought a new stake in shares of Korea Electric Power during the third quarter valued at approximately $29,000. TD Private Client Wealth LLC bought a new position in Korea Electric Power in the third quarter worth $33,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in Korea Electric Power in the fourth quarter worth $45,000. Barclays PLC purchased a new position in Korea Electric Power during the fourth quarter valued at $45,000. Finally, Global Retirement Partners LLC bought a new stake in shares of Korea Electric Power during the 3rd quarter valued at $41,000.

Korea Electric Power Company Profile

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.