Korea Electric Power Corporation (NYSE:KEP – Get Free Report) shares reached a new 52-week low during mid-day trading on Monday. The company traded as low as $10.40 and last traded at $10.4450, with a volume of 56,836 shares. The stock had previously closed at $10.59.
Analysts Set New Price Targets
KEP has been the topic of a number of research reports. Weiss Ratings upgraded shares of Korea Electric Power from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, October 8th. Zacks Research downgraded shares of Korea Electric Power from a “hold” rating to a “strong sell” rating in a research report on Wednesday, September 9th. Finally, Nomura lowered shares of Korea Electric Power from a “buy” rating to a “neutral” rating in a research note on Thursday, August 13th. Three analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Reduce”.
Check Out Our Latest Stock Analysis on Korea Electric Power
Korea Electric Power Price Performance
The business’s fifty day moving average is $11.24 and its two-hundred day moving average is $14.34.
Korea Electric Power (NYSE:KEP – Get Free Report) last posted its earnings results on Tuesday, September 15th. The utilities provider reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.03 by ($0.89). The business had revenue of $14.60 billion for the quarter, compared to analyst estimates of $19.67 billion. As a group, analysts anticipate that Korea Electric Power Corporation will post 2.59 earnings per share for the current year.
Institutional Investors Weigh In On Korea Electric Power
Hedge funds have recently modified their holdings of the business. Inspire Investing LLC lifted its holdings in Korea Electric Power by 30.8% during the third quarter. Inspire Investing LLC now owns 8,803 shares of the utilities provider’s stock valued at $96,000 after purchasing an additional 2,071 shares in the last quarter. SLT Holdings LLC bought a new stake in shares of Korea Electric Power during the 3rd quarter valued at $219,000. Sequoia Financial Advisors LLC lifted its stake in shares of Korea Electric Power by 102.3% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 136,803 shares of the utilities provider’s stock worth $1,655,000 after acquiring an additional 69,166 shares during the last quarter. Engineers Gate Manager LP boosted its holdings in shares of Korea Electric Power by 166.5% in the second quarter. Engineers Gate Manager LP now owns 105,619 shares of the utilities provider’s stock valued at $1,278,000 after purchasing an additional 65,994 shares during the period. Finally, NewEdge Advisors LLC increased its stake in shares of Korea Electric Power by 18.6% during the second quarter. NewEdge Advisors LLC now owns 45,674 shares of the utilities provider’s stock valued at $553,000 after buying an additional 7,150 shares during the period.
About Korea Electric Power
Korea Electric Power Corporation, or KEPCO, is South Korea’s state-owned electric utility and the country’s principal provider of electricity transmission, distribution, and retail supply services. The company delivers power to residential, commercial, and industrial customers across South Korea and operates the national transmission and distribution networks.
KEPCO coordinates electricity generation through affiliated companies, including Korea Hydro & Nuclear Power, Korea South-East Power, Korea Midland Power, Korea Western Power, Korea Southern Power, and Korea East-West Power.
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