Korea Electric Power (NYSE:KEP) Stock Rating Upgraded by Zacks Research

Korea Electric Power (NYSE:KEP – Get Free Report) was upgraded by stock analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Monday, Zacks reports.

KEP has been the topic of several other reports. Nomura cut Korea Electric Power from a “buy” rating to a “neutral” rating in a research report on Thursday, August 13th. Weiss Ratings upgraded shares of Korea Electric Power from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, October 8th. Four investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Korea Electric Power has an average rating of “Reduce”.

Get Our Latest Research Report on KEP

Korea Electric Power Stock Down 1.0%

Shares of NYSE KEP opened at $11.22 on Monday. The company has a debt-to-equity ratio of 1.60, a current ratio of 0.44 and a quick ratio of 0.29. The company has a 50-day moving average price of $11.10 and a 200-day moving average price of $13.91. The stock has a market capitalization of $14.40 billion, a P/E ratio of 2.61, a P/E/G ratio of 2.14 and a beta of 1.02. Korea Electric Power has a 1 year low of $10.26 and a 1 year high of $23.41.

Korea Electric Power (NYSE:KEP – Get Free Report) last issued its quarterly earnings data on Tuesday, September 15th. The utilities provider reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.89). The firm had revenue of $14.60 billion during the quarter, compared to the consensus estimate of $19.67 billion. Korea Electric Power had a return on equity of 15.70% and a net margin of 8.15%. On average, equities research analysts forecast that Korea Electric Power will post 2.59 EPS for the current fiscal year.

Hedge Funds Weigh In On Korea Electric Power

Institutional investors have recently made changes to their positions in the stock. Quantinno Capital Management LP boosted its holdings in shares of Korea Electric Power by 48.1% in the 1st quarter. Quantinno Capital Management LP now owns 480,867 shares of the utilities provider’s stock worth $6,852,000 after purchasing an additional 156,227 shares in the last quarter. Engineers Gate Manager LP lifted its position in Korea Electric Power by 166.5% in the 2nd quarter. Engineers Gate Manager LP now owns 105,619 shares of the utilities provider’s stock worth $1,278,000 after buying an additional 65,994 shares during the last quarter. Corient Private Wealth LP boosted its stake in Korea Electric Power by 54.2% in the second quarter. Corient Private Wealth LP now owns 265,049 shares of the utilities provider’s stock worth $3,207,000 after buying an additional 93,194 shares in the last quarter. Bank of America Corp DE boosted its stake in Korea Electric Power by 617.5% in the first quarter. Bank of America Corp DE now owns 249,280 shares of the utilities provider’s stock worth $3,552,000 after buying an additional 214,535 shares in the last quarter. Finally, Assetmark Inc. grew its position in Korea Electric Power by 119.3% during the first quarter. Assetmark Inc. now owns 644,041 shares of the utilities provider’s stock valued at $9,178,000 after acquiring an additional 350,337 shares during the last quarter.

About Korea Electric Power

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Korea Electric Power Corporation, commonly known as KEPCO, is an integrated electric utility based in South Korea. It is responsible for transmitting and distributing electricity across the country and selling power to households, businesses and other customers. KEPCO also participates in electricity generation, including through subsidiaries that operate nuclear, coal-fired and other power plants. Its activities extend to energy-related services and overseas power projects. The company traces its modern corporate history to its establishment as a public corporation in 1982, building on earlier Korean electricity organizations.

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Analyst Recommendations for Korea Electric Power (NYSE:KEP)

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