Korea Electric Power (NYSE:KEP) Sets New 52-Week Low – Should You Sell?

Shares of Korea Electric Power Corporation (NYSE:KEP) hit a new 52-week low during trading on Tuesday . The stock traded as low as $11.78 and last traded at $12.0010, with a volume of 284199 shares. The stock had previously closed at $12.66.

Analyst Ratings Changes

A number of research analysts recently issued reports on KEP shares. Wall Street Zen cut Korea Electric Power from a “buy” rating to a “hold” rating in a report on Sunday, March 22nd. Zacks Research raised shares of Korea Electric Power from a “strong sell” rating to a “hold” rating in a report on Thursday, May 28th. Weiss Ratings cut shares of Korea Electric Power from a “buy (b)” rating to a “hold (c+)” rating in a research report on Wednesday, May 27th. Bank of America lowered shares of Korea Electric Power from a “buy” rating to a “neutral” rating in a research 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 note on Tuesday, May 19th. Three analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce”.

Korea Electric Power Stock Performance

The stock has a market capitalization of $15.41 billion, a price-to-earnings ratio of 2.51, a price-to-earnings-growth ratio of 2.24 and a beta of 0.93. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.43 and a quick ratio of 0.29. The stock has a 50-day moving average of $13.88 and a 200 day moving average of $16.62.

Korea Electric Power (NYSE:KEP) last released its earnings results on Saturday, February 14th. The utilities provider reported ($0.10) earnings per share (EPS) for the quarter. Korea Electric Power had a net margin of 8.95% and a return on equity of 18.25%. The business had revenue of $13.61 billion for the quarter. On average, analysts expect that Korea Electric Power Corporation will post 2.83 EPS for the current year.

Institutional Trading of Korea Electric Power

A number of institutional investors have recently bought and sold shares of the business. Global Trust Asset Management LLC acquired a new position in shares of Korea Electric Power in the 1st quarter valued at $28,000. Rockefeller Capital Management L.P. grew its stake in shares of Korea Electric Power by 47.0% during the fourth quarter. Rockefeller Capital Management L.P. now owns 2,264 shares of the utilities provider’s stock worth $37,000 after purchasing an additional 724 shares during the period. Smartleaf Asset Management LLC increased its holdings in 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 valued at $44,000 after purchasing an additional 466 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in Korea Electric Power in the fourth quarter valued at about $45,000. Finally, Barclays PLC bought a new position in Korea Electric Power during the fourth quarter worth about $45,000.

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.