Korea Electric Power (NYSE:KEP) Raised to “Buy” at StockNews.com

Korea Electric Power (NYSE:KEP) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Tuesday.

Korea Electric Power Price Performance

KEP stock opened at $8.74 on Tuesday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.24 and a current ratio of 0.37. The company’s 50 day moving average is $7.97 and its 200 day moving average is $7.63. Korea Electric Power has a 1-year low of $6.69 and a 1-year high of $9.55.

Korea Electric Power (NYSE:KEP) last issued its quarterly earnings results on Monday, September 9th. The utilities provider reported $0.04 EPS for the quarter. Korea Electric Power had a net margin of 2.95% and a return on equity of 6.93%. The business had revenue of $14.93 billion for the quarter.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Wilmington Savings Fund Society FSB bought a new position in Korea Electric Power during the third quarter valued at approximately $35,000. Acadian Asset Management LLC bought a new position in shares of Korea Electric Power in the first quarter worth approximately $38,000. EverSource Wealth Advisors LLC grew its holdings in shares of Korea Electric Power by 91.4% in the first quarter. EverSource Wealth Advisors LLC now owns 6,063 shares of the utilities provider’s stock worth $46,000 after purchasing an additional 2,895 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Korea Electric Power by 114.7% in the third quarter. GAMMA Investing LLC now owns 6,339 shares of the utilities provider’s stock worth $49,000 after purchasing an additional 3,386 shares during the last quarter. Finally, CWM LLC grew its holdings in shares of Korea Electric Power by 13.5% in the second quarter. CWM LLC now owns 11,824 shares of the utilities provider’s stock worth $84,000 after purchasing an additional 1,404 shares during the last quarter.

About Korea Electric Power

Korea Electric Power Corporation, an integrated electric utility company, engages in the generation, transmission, and distribution of electricity in South Korea and internationally. The company operates through Transmission and Distribution, Nuclear Power Generation, Thermal Power Generation, and Others segments.