Korea Electric Power (NYSE:KEP) Downgraded by Zacks Research to “Strong Sell”

Zacks Research downgraded shares of Korea Electric Power (NYSE:KEP) from a hold rating to a strong sell rating in a research note published on Monday,Zacks.com reports.

Other research analysts have also issued research reports about the stock. Morgan Stanley lowered shares of Korea Electric Power from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, May 19th. Weiss Ratings downgraded shares of Korea Electric Power from a “buy (b)” rating to a “hold (c+)” rating in a research note on Wednesday, May 27th. Bank of America lowered shares of Korea Electric Power from a “buy” rating to a “neutral” rating in a report on Tuesday, March 31st. Finally, Wall Street Zen cut shares of Korea Electric Power from a “buy” rating to a “hold” rating in a research report on Sunday, March 22nd. Two analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Reduce”.

Korea Electric Power Trading Down 1.2%

NYSE:KEP opened at $11.54 on Monday. The company has a current ratio of 0.43, a quick ratio of 0.29 and a debt-to-equity ratio of 1.56. Korea Electric Power has a 1-year low of $11.43 and a 1-year high of $23.41. The firm has a market capitalization of $14.82 billion, a price-to-earnings ratio of 2.42, a PEG ratio of 2.01 and a beta of 0.95. The business’s 50-day moving average price is $12.91 and its two-hundred day moving average price is $16.08.

Korea Electric Power (NYSE:KEP) last posted its earnings results on Tuesday, June 16th. The utilities provider reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.27 by $0.06. The company had revenue of $16.22 billion during the quarter, compared to analyst estimates of $17.21 billion. Korea Electric Power had a return on equity of 18.25% and a net margin of 8.95%. On average, equities analysts expect that Korea Electric Power will post 2.83 earnings per share for the current year.

Hedge Funds Weigh In On Korea Electric Power

Several institutional investors have recently modified their holdings of the business. AQR Capital Management LLC grew its position 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 purchasing an additional 4,556 shares during the period. Creative Planning acquired a new stake in Korea Electric Power during the 2nd quarter worth approximately $179,000. Marshall Wace LLP raised its holdings in Korea Electric Power by 3.4% during the 2nd quarter. Marshall Wace LLP now owns 191,445 shares of the utilities provider’s stock worth $2,726,000 after buying an additional 6,336 shares during the period. Sei Investments Co. lifted its stake in Korea Electric Power by 122.5% in the second quarter. Sei Investments Co. now owns 142,109 shares of the utilities provider’s stock valued at $2,024,000 after buying an additional 78,238 shares in the last quarter. Finally, Diversify Advisory Services LLC bought a new position in Korea Electric Power in the second quarter valued at approximately $360,000.

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.