Shares of Korea Electric Power Corporation (NYSE:KEP – Get Free Report) hit a new 52-week low during trading on Tuesday . The company traded as low as $11.78 and last traded at $12.0010, with a volume of 284199 shares trading hands. The stock had previously closed at $12.66.
Analysts Set New Price Targets
A number of research analysts recently issued reports on KEP shares. Bank of America cut shares of Korea Electric Power from a “buy” rating to a “neutral” rating in a report on Tuesday, March 31st. Weiss Ratings cut shares of Korea Electric Power from a “buy (b)” rating to a “hold (c+)” rating in a research report on Wednesday, May 27th. Wall Street Zen cut Korea Electric Power from a “buy” rating to a “hold” rating in a research note on Sunday, March 22nd. Zacks Research raised Korea Electric Power from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 28th. Finally, Morgan Stanley lowered Korea Electric Power from an “equal weight” rating to an “underweight” rating in a research report on Tuesday, May 19th. Three investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Reduce”.
Read Our Latest Stock Report on KEP
Korea Electric Power Trading Down 5.2%
Korea Electric Power (NYSE:KEP – Get Free Report) last announced its earnings results on Saturday, February 14th. The utilities provider reported ($0.10) earnings per share (EPS) for the quarter. Korea Electric Power had a net margin of 8.95% and a return on equity of 18.25%. The firm had revenue of $13.61 billion during the quarter. On average, analysts expect that Korea Electric Power Corporation will post 2.83 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Korea Electric Power
Several hedge funds and other institutional investors have recently added to or reduced their stakes in KEP. Smartleaf Asset Management LLC boosted its stake in shares of Korea Electric Power by 21.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,625 shares of the utilities provider’s stock worth $44,000 after buying an additional 466 shares during the last quarter. Syon Capital LLC boosted its position in Korea Electric Power by 4.5% during the fourth quarter. Syon Capital LLC now owns 12,226 shares of the utilities provider’s stock valued at $202,000 after purchasing an additional 526 shares during the last quarter. Vise Technologies Inc. grew its stake in Korea Electric Power by 3.0% in the fourth quarter. Vise Technologies Inc. now owns 22,518 shares of the utilities provider’s stock valued at $372,000 after purchasing an additional 654 shares in the last quarter. Rockefeller Capital Management L.P. increased its position in shares of Korea Electric Power by 47.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 2,264 shares of the utilities provider’s stock worth $37,000 after purchasing an additional 724 shares during the last quarter. Finally, Coldstream Capital Management Inc. raised its stake in shares of Korea Electric Power by 6.2% during the 3rd quarter. Coldstream Capital Management Inc. now owns 12,851 shares of the utilities provider’s stock worth $168,000 after purchasing an additional 746 shares in the last quarter.
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.
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