Korea Electric Power Corporation (NYSE:KEP) Receives Consensus Recommendation of “Reduce” from Analysts

Shares of Korea Electric Power Corporation (NYSE:KEP) have received a consensus recommendation of “Reduce” from the five analysts that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating and four have issued a hold rating on the company.

Several equities analysts have recently issued reports on KEP shares. Weiss Ratings lowered Korea Electric Power from a “buy (b)” rating to a “hold (c+)” rating in a research note on Wednesday, May 27th. Zacks Research upgraded Korea Electric Power from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 11th. Nomura cut Korea Electric Power from a “buy” rating to a “neutral” rating in a report on Thursday, August 13th. Finally, Morgan Stanley downgraded shares of Korea Electric Power from an “equal weight” rating to an “underweight” rating in a research report on Tuesday, May 19th.

Institutional Investors Weigh In On Korea Electric Power

Institutional investors and hedge funds have recently modified their holdings of the business. Public Employees Retirement System of Ohio acquired a new position in Korea Electric Power in the second quarter valued at approximately $8,951,000. Elmwood Wealth Management Inc. acquired a new stake in Korea Electric Power during the 2nd quarter worth $138,000. GAMMA Investing LLC grew its holdings in Korea Electric Power by 37.3% during the 2nd quarter. GAMMA Investing LLC now owns 23,534 shares of the utilities provider’s stock worth $285,000 after acquiring an additional 6,397 shares during the period. NewEdge Advisors LLC raised its position in shares of Korea Electric Power by 29.3% during the 1st quarter. NewEdge Advisors LLC now owns 38,524 shares of the utilities provider’s stock valued at $549,000 after acquiring an additional 8,723 shares during the last quarter. Finally, Bank of America Corp DE raised its position in shares of Korea Electric Power by 617.5% during the 1st quarter. Bank of America Corp DE now owns 249,280 shares of the utilities provider’s stock valued at $3,552,000 after acquiring an additional 214,535 shares during the last quarter.

Korea Electric Power Stock Performance

Shares of Korea Electric Power stock opened at $11.16 on Thursday. 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 firm has a 50 day simple moving average of $12.15 and a 200 day simple moving average of $14.80. Korea Electric Power has a fifty-two week low of $11.15 and a fifty-two week high of $23.41. The firm has a market cap of $14.34 billion, a P/E ratio of 2.34, a P/E/G ratio of 2.15 and a beta of 0.95.

Korea Electric Power (NYSE:KEP) last posted its quarterly earnings data on Wednesday, August 12th. The utilities provider reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.18). The firm had revenue of $14.15 billion for the quarter, compared to analyst estimates of $15.31 billion. Korea Electric Power had a return on equity of 18.25% and a net margin of 8.95%. Sell-side analysts predict that Korea Electric Power will post 2.56 earnings per share for the current fiscal year.

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.