Korea Electric Power (NYSE:KEP) Stock Rating Lowered by Wall Street Zen

Korea Electric Power (NYSE:KEP) was downgraded by investment analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a report issued on Saturday.

KEP has been the subject of several other reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Korea Electric Power in a report on Monday, December 29th. Zacks Research raised shares of Korea Electric Power to a “hold” rating in a report on Wednesday, November 19th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Korea Electric Power Stock Up 1.6%

Shares of NYSE KEP opened at $16.24 on Friday. The company has a current ratio of 0.46, a quick ratio of 0.31 and a debt-to-equity ratio of 1.70. Korea Electric Power has a twelve month low of $7.19 and a twelve month high of $23.41. The business has a 50 day simple moving average of $19.81 and a 200-day simple moving average of $16.86.

Korea Electric Power (NYSE:KEP) last released its quarterly earnings data on Tuesday, March 10th. The utilities provider reported $0.71 EPS for the quarter. Korea Electric Power had a net margin of 8.80% and a return on equity of 18.76%. The firm had revenue of $14.92 billion during the quarter, compared to the consensus estimate of $16.37 billion.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of KEP. Smartleaf Asset Management LLC grew its stake in shares of Korea Electric Power by 21.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,625 shares of the utilities provider’s stock worth $44,000 after purchasing an additional 466 shares in the last quarter. Syon Capital LLC lifted its holdings in Korea Electric Power by 4.5% in the fourth quarter. Syon Capital LLC now owns 12,226 shares of the utilities provider’s stock worth $202,000 after purchasing an additional 526 shares during the period. Vise Technologies Inc. grew its position in Korea Electric Power by 3.0% in the 4th quarter. Vise Technologies Inc. now owns 22,518 shares of the utilities provider’s stock valued at $372,000 after buying an additional 654 shares in the last quarter. Wealthstream Advisors Inc. increased its stake in Korea Electric Power by 6.1% during the 3rd quarter. Wealthstream Advisors Inc. now owns 12,594 shares of the utilities provider’s stock valued at $164,000 after buying an additional 727 shares during the period. Finally, Coldstream Capital Management Inc. increased its stake in 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 valued at $168,000 after buying an additional 746 shares during the period.

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.