Korea Electric Power (NYSE:KEP) Cut to “Hold” at StockNews.com

Korea Electric Power (NYSE:KEP) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a report released on Friday.

Korea Electric Power Trading Up 1.0 %

Shares of KEP opened at $7.34 on Friday. The firm’s 50-day simple moving average is $7.53 and its two-hundred day simple moving average is $7.65. Korea Electric Power has a fifty-two week low of $6.68 and a fifty-two week high of $9.55. The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.30 and a current ratio of 0.43.

Hedge Funds Weigh In On Korea Electric Power

Institutional investors and hedge funds have recently modified their holdings of the stock. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Korea Electric Power by 46.8% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,193,185 shares of the utilities provider’s stock valued at $9,259,000 after acquiring an additional 380,145 shares in the last quarter. State Street Corp increased its holdings in shares of Korea Electric Power by 0.9% in the 3rd quarter. State Street Corp now owns 746,847 shares of the utilities provider’s stock worth $5,796,000 after purchasing an additional 6,975 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Korea Electric Power by 11.8% in the 2nd quarter. American Century Companies Inc. now owns 339,562 shares of the utilities provider’s stock worth $2,407,000 after purchasing an additional 35,973 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of Korea Electric Power in the third quarter worth $855,000. Finally, Blue Trust Inc. lifted its holdings in shares of Korea Electric Power by 98.8% during the fourth quarter. Blue Trust Inc. now owns 99,399 shares of the utilities provider’s stock valued at $684,000 after purchasing an additional 49,393 shares in 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.