Korea Electric Power (NYSE:KEP) Cut to “Strong Sell” at Zacks Research

Zacks Research cut shares of Korea Electric Power (NYSE:KEP) from a hold rating to a strong sell rating in a report published on Tuesday morning,Zacks.com reports.

A number of other research analysts have also recently issued reports on KEP. Bank of America cut shares of Korea Electric Power from a “buy” rating to a “neutral” rating in a report on Tuesday. Wall Street Zen lowered shares of Korea Electric Power from a “buy” rating to a “hold” rating in a report on Sunday, March 22nd. Finally, Weiss Ratings raised Korea Electric Power from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold”.

Korea Electric Power Price Performance

Shares of KEP stock opened at $14.13 on Tuesday. Korea Electric Power has a fifty-two week low of $7.20 and a fifty-two 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 firm has a market capitalization of $18.14 billion, a price-to-earnings ratio of 3.01, a PEG ratio of 0.16 and a beta of 1.01. The stock’s 50-day simple moving average is $18.80 and its 200-day simple moving average is $16.99.

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

Institutional Trading of Korea Electric Power

Institutional investors and hedge funds have recently bought and sold shares of the business. AQR Capital Management LLC boosted its holdings in shares of Korea Electric Power by 18.5% in the 1st quarter. AQR Capital Management LLC now owns 29,211 shares of the utilities provider’s stock valued at $216,000 after acquiring an additional 4,556 shares during the last quarter. Creative Planning purchased a new position in shares of Korea Electric Power during the second quarter worth $179,000. Rhumbline Advisers lifted its position in Korea Electric Power by 0.7% during the second quarter. Rhumbline Advisers now owns 163,208 shares of the utilities provider’s stock valued at $2,324,000 after purchasing an additional 1,182 shares during the period. American Century Companies Inc. lifted its position in 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 purchasing an additional 87,682 shares during the period. Finally, XTX Topco Ltd purchased a new stake in Korea Electric Power in the second quarter valued at $248,000.

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.