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

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

Korea Electric Power Trading Up 4.6 %

Shares of NYSE:KEP opened at $8.16 on Friday. The business’s 50-day moving average is $7.55 and its 200 day moving average is $7.60. The company has a debt-to-equity ratio of 2.10, a current ratio of 0.43 and a quick ratio of 0.30. Korea Electric Power has a 1 year low of $6.68 and a 1 year high of $9.43. The firm has a market capitalization of $10.47 billion, a P/E ratio of 3.78 and a beta of 0.94.

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

Institutional Investors Weigh In On Korea Electric Power

Several institutional investors and hedge funds have recently added to or reduced their stakes in KEP. State Street Corp increased its holdings in shares of Korea Electric Power by 0.9% during the 3rd quarter. State Street Corp now owns 746,847 shares of the utilities provider’s stock worth $5,796,000 after buying an additional 6,975 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of Korea Electric Power by 90.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 723,844 shares of the utilities provider’s stock valued at $4,980,000 after purchasing an additional 344,126 shares during the period. American Century Companies Inc. grew its stake in shares of Korea Electric Power by 6.4% in the fourth quarter. American Century Companies Inc. now owns 416,155 shares of the utilities provider’s stock worth $2,863,000 after acquiring an additional 25,018 shares in the last quarter. Northern Trust Corp increased its holdings in Korea Electric Power by 642.2% during the 4th quarter. Northern Trust Corp now owns 383,704 shares of the utilities provider’s stock worth $2,640,000 after purchasing an additional 332,009 shares during the period. Finally, Millennium Management LLC increased its stake in shares of Korea Electric Power by 65.3% during the fourth quarter. Millennium Management LLC now owns 209,626 shares of the utilities provider’s stock worth $1,442,000 after buying an additional 82,775 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.