Korea Electric Power (NYSE:KEP – Get Free Report) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Tuesday,Zacks.com reports.
Other research analysts also recently issued reports about the stock. Morgan Stanley downgraded shares of Korea Electric Power from an “equal weight” rating to an “underweight” rating in a research report on Tuesday, May 19th. Weiss Ratings cut Korea Electric Power from a “buy (b)” rating to a “hold (c+)” rating in a research note on Wednesday, May 27th. Three research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Korea Electric Power currently has a consensus rating of “Reduce”.
Check Out Our Latest Analysis on Korea Electric Power
Korea Electric Power Stock Down 3.3%
Korea Electric Power (NYSE:KEP – Get Free Report) last released its quarterly earnings data on Wednesday, August 12th. The utilities provider reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.40). The business had revenue of $14.15 billion during the quarter, compared to analysts’ expectations of $14.88 billion. Korea Electric Power had a return on equity of 18.25% and a net margin of 8.95%. Sell-side analysts anticipate that Korea Electric Power will post 2.83 EPS for the current year.
Institutional Investors Weigh In On Korea Electric Power
Large investors have recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership increased its stake in shares of Korea Electric Power by 26.0% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,514,228 shares of the utilities provider’s stock worth $19,761,000 after acquiring an additional 312,680 shares during the period. State Street Corp boosted its holdings in Korea Electric Power by 5.3% in the fourth quarter. State Street Corp now owns 883,266 shares of the utilities provider’s stock valued at $14,574,000 after purchasing an additional 44,617 shares during the last quarter. Goldman Sachs Group Inc. grew its position in Korea Electric Power by 9.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 847,902 shares of the utilities provider’s stock worth $13,990,000 after purchasing an additional 70,943 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Korea Electric Power by 1.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 703,998 shares of the utilities provider’s stock worth $11,624,000 after purchasing an additional 8,882 shares in the last quarter. Finally, Assetmark Inc. raised its stake in Korea Electric Power by 119.3% in the 1st quarter. Assetmark Inc. now owns 644,041 shares of the utilities provider’s stock valued at $9,178,000 after purchasing an additional 350,337 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.
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