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

Korea Electric Power (NYSE:KEP) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report released on Monday,Zacks.com reports.

Other equities research analysts have also issued reports about the stock. Weiss Ratings lowered shares of Korea Electric Power from a “buy (b)” rating to a “hold (c+)” rating in a research note on Wednesday, May 27th. Wall Street Zen downgraded shares of Korea Electric Power from a “buy” rating to a “hold” rating in a research note on Sunday, March 22nd. 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, Morgan Stanley cut shares of Korea Electric Power from an “equal weight” rating to an “underweight” rating in a research report on Tuesday, May 19th. Two investment 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 stock currently has a consensus rating of “Reduce”.

Korea Electric Power Stock Performance

Shares of KEP stock opened at $11.54 on Monday. The business’s 50 day simple moving average is $12.91 and its 200 day simple moving average is $16.08. Korea Electric Power has a one year low of $11.43 and a one year high of $23.41. The stock has a market capitalization of $14.82 billion, a PE ratio of 2.42, a PEG ratio of 2.01 and a beta of 0.95. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.43 and a quick ratio of 0.29.

Korea Electric Power (NYSE:KEP) last released its earnings results on Tuesday, June 16th. The utilities provider reported $1.33 earnings per share for the quarter, beating analysts’ consensus estimates of $1.27 by $0.06. Korea Electric Power had a net margin of 8.95% and a return on equity of 18.25%. The business had revenue of $16.22 billion during the quarter, compared to the consensus estimate of $17.21 billion. As a group, research analysts forecast that Korea Electric Power will post 2.83 earnings per share for the current year.

Hedge Funds Weigh In On Korea Electric Power

Institutional investors have recently added to or reduced their stakes in the business. Global Trust Asset Management LLC acquired a new stake in shares of Korea Electric Power during the 1st quarter worth approximately $28,000. Rockefeller Capital Management L.P. lifted 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 valued at $37,000 after acquiring an additional 724 shares during the period. Smartleaf Asset Management LLC lifted its position 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 valued at $44,000 after acquiring an additional 466 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Korea Electric Power during the 4th quarter valued at $45,000. Finally, Barclays PLC bought a new position in Korea Electric Power during the fourth quarter worth $45,000.

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.