Korea Electric Power (NYSE:KEP) Downgraded to “Hold” Rating by StockNews.com

StockNews.com lowered shares of Korea Electric Power (NYSE:KEP) from a buy rating to a hold rating in a research note released on Monday.

Korea Electric Power Stock Down 0.1 %

NYSE KEP opened at $7.74 on Monday. The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.30 and a current ratio of 0.43. The company has a market capitalization of $9.93 billion, a P/E ratio of 3.58 and a beta of 0.99. Korea Electric Power has a one year low of $6.68 and a one year high of $9.43. The stock has a 50 day moving average price of $7.37 and a 200-day moving average price of $7.68.

Korea Electric Power (NYSE:KEP) last posted its earnings results on Tuesday, March 11th. The utilities provider reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.02. The firm had revenue of $16.82 billion during the quarter, compared to the consensus estimate of $17.04 billion. Korea Electric Power had a return on equity of 9.64% and a net margin of 4.03%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. lifted its position in Korea Electric Power by 46.8% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,193,185 shares of the utilities provider’s stock worth $9,259,000 after buying an additional 380,145 shares during the last quarter. Eagle Asset Management Inc. increased its stake in Korea Electric Power by 11.9% in the third quarter. Eagle Asset Management Inc. now owns 48,153 shares of the utilities provider’s stock worth $381,000 after purchasing an additional 5,131 shares during the period. Cerity Partners LLC increased its stake in Korea Electric Power by 57.7% in the third quarter. Cerity Partners LLC now owns 76,185 shares of the utilities provider’s stock worth $591,000 after purchasing an additional 27,870 shares during the period. FMR LLC increased its stake in Korea Electric Power by 12.8% in the third quarter. FMR LLC now owns 68,773 shares of the utilities provider’s stock worth $534,000 after purchasing an additional 7,787 shares during the period. Finally, Townsquare Capital LLC purchased a new stake in Korea Electric Power in the third quarter worth $142,000.

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.