Korea Electric Power (NYSE:KEP) Raised to Hold at Zacks Research

Korea Electric Power (NYSE:KEP) was upgraded by Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Thursday,Zacks.com reports.

A number of other analysts have also recently weighed in on the stock. Weiss Ratings cut shares of Korea Electric Power from a “buy (b)” rating to a “hold (c+)” rating in a research note on Wednesday. Bank of America cut shares of Korea Electric Power from a “buy” rating to a “neutral” rating in a research note on Tuesday, March 31st. Wall Street Zen cut shares of Korea Electric Power from a “buy” rating to a “hold” rating in a research note on Sunday, March 22nd. Finally, Morgan Stanley downgraded shares of Korea Electric Power from an “equal weight” rating to an “underweight” rating in a report on Tuesday, May 19th. Three analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Reduce”.

Korea Electric Power Price Performance

Shares of Korea Electric Power stock opened at $13.14 on Thursday. The firm has a fifty day simple moving average of $14.55 and a 200-day simple moving average of $17.11. 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 1-year low of $10.08 and a 1-year high of $23.41. The stock has a market capitalization of $16.86 billion, a price-to-earnings ratio of 2.79, a PEG ratio of 1.96 and a beta of 0.99.

Korea Electric Power (NYSE:KEP) last issued its quarterly earnings data on Saturday, February 14th. The utilities provider reported ($0.10) earnings per share for the quarter. Korea Electric Power had a return on equity of 18.76% and a net margin of 8.80%.The firm had revenue of $13.61 billion during the quarter. On average, sell-side analysts expect that Korea Electric Power will post 3.29 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Global Trust Asset Management LLC acquired a new position in shares of Korea Electric Power during the first quarter valued at about $28,000. Smartleaf Asset Management LLC acquired a new position in shares of Korea Electric Power during the third quarter valued at about $29,000. Rockefeller Capital Management L.P. raised its position 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 valued at $37,000 after buying an additional 724 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Korea Electric Power during the fourth quarter valued at about $45,000. Finally, Barclays PLC acquired a new position in shares of Korea Electric Power during the fourth quarter valued at about $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.