Korea Electric Power (NYSE:KEP) Lowered 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 Wednesday morning.

Korea Electric Power Stock Performance

Shares of KEP stock opened at $7.66 on Wednesday. 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 firm has a market cap of $9.83 billion, a P/E ratio of 3.54 and a beta of 0.99. The firm’s 50 day moving average price is $7.45 and its 200-day moving average price is $7.65. Korea Electric Power has a one year low of $6.68 and a one year high of $9.43.

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

Institutional Trading of Korea Electric Power

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Stifel Financial Corp lifted its holdings in Korea Electric Power by 19.0% during the 4th quarter. Stifel Financial Corp now owns 14,700 shares of the utilities provider’s stock worth $101,000 after buying an additional 2,350 shares in the last quarter. O Shaughnessy Asset Management LLC raised its position in shares of Korea Electric Power by 14.1% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 19,308 shares of the utilities provider’s stock worth $133,000 after acquiring an additional 2,392 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Korea Electric Power in the third quarter valued at $35,000. Orion Portfolio Solutions LLC grew its position in shares of Korea Electric Power by 26.0% during the fourth quarter. Orion Portfolio Solutions LLC now owns 21,895 shares of the utilities provider’s stock worth $151,000 after acquiring an additional 4,524 shares during the last quarter. Finally, Atlas Capital Advisors Inc. boosted its stake in shares of Korea Electric Power by 443.7% during the fourth quarter. Atlas Capital Advisors Inc. now owns 6,312 shares of the utilities provider’s stock worth $43,000 after buying an additional 5,151 shares during the period.

Korea Electric Power Company Profile

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.