Korea Electric Power (NYSE:KEP) Hits New 52-Week Low – What’s Next?

Korea Electric Power Corporation (NYSE:KEP) hit a new 52-week low during mid-day trading on Monday. The company traded as low as $10.75 and last traded at $10.74, with a volume of 8,152 shares trading hands. The stock had previously closed at $11.03.

Analysts Set New Price Targets

Several analysts have commented on KEP shares. Nomura cut shares of Korea Electric Power from a “buy” rating to a “neutral” rating in a research note on Thursday, August 13th. Weiss Ratings raised shares of Korea Electric Power from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, October 8th. Finally, Zacks Research lowered Korea Electric Power from a “hold” rating to a “strong sell” rating in a research report on Wednesday, September 9th. Three research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Reduce”.

Korea Electric Power Trading Up 2.4%

The company has a current ratio of 0.44, a quick ratio of 0.29 and a debt-to-equity ratio of 1.60. The stock has a 50 day simple moving average of $11.53 and a 200-day simple moving average of $12.68. The firm has a market cap of $13.93 billion, a P/E ratio of 2.47, a P/E/G ratio of 2.00 and a beta of 0.96.

Korea Electric Power (NYSE:KEP) last issued its quarterly earnings data 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 firm had revenue of $14.60 billion for the quarter, compared to analysts’ expectations 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 expect that Korea Electric Power Corporation will post 2.59 EPS for the current fiscal year.

Institutional Investors Weigh In On Korea Electric Power

Several large investors have recently bought and sold shares of KEP. Assetmark Inc. raised its position in shares of Korea Electric Power by 119.3% during the 1st quarter. Assetmark Inc. now owns 644,041 shares of the utilities provider’s stock valued at $9,178,000 after buying an additional 350,337 shares in the last quarter. Quantinno Capital Management LP lifted 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 valued at $6,852,000 after acquiring an additional 156,227 shares during the last quarter. Corient Private Wealth LP lifted its holdings in shares of Korea Electric Power by 54.2% in the 2nd quarter. Corient Private Wealth LP now owns 265,049 shares of the utilities provider’s stock valued at $3,207,000 after acquiring an additional 93,194 shares during the last quarter. Bank of America Corp DE grew its position 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 acquiring an additional 214,535 shares in the last quarter. Finally, Dorsey Wright & Associates grew its position in Korea Electric Power by 40.0% in the first quarter. Dorsey Wright & Associates now owns 166,344 shares of the utilities provider’s stock worth $2,370,000 after acquiring an additional 47,526 shares in the last quarter.

About Korea Electric Power

Korea Electric Power Corporation, commonly known as KEPCO, is South Korea’s state-owned electric utility. The company is responsible for the transmission and distribution of electricity across the country and supplies power to residential, commercial and industrial customers.

KEPCO’s activities include managing the national electricity grid, operating power-generation businesses through affiliated companies and developing energy infrastructure. Its generation-related operations span nuclear, coal, natural gas, renewable energy and other sources, while its subsidiaries include major South Korean power producers such as Korea Hydro & Nuclear Power.

Established in 1982, KEPCO has also pursued overseas projects involving power generation, transmission and distribution.