Korea Electric Power Corporation (KEP) – What Are Brokerages Saying About This Stock?

Korea Electric Power Corporation (NYSE:KEP) has been assigned an average recommendation of “Reduce” from the five ratings firms that are presently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation and three have issued a hold recommendation on the company.

Several analysts have weighed in on the stock. Weiss Ratings raised shares of Korea Electric Power from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, October 8th. Zacks Research lowered shares of Korea Electric Power from a “hold” rating to a “strong sell” rating in a research note on Wednesday, September 9th. Finally, Nomura cut shares of Korea Electric Power from a “buy” rating to a “neutral” rating in a report on Thursday, August 13th.

Korea Electric Power Price Performance

Shares of NYSE KEP opened at $10.35 on Tuesday. Korea Electric Power has a fifty-two week low of $10.26 and a fifty-two week high of $23.41. The company has a market cap of $13.29 billion, a PE ratio of 2.41, a P/E/G ratio of 1.95 and a beta of 0.96. The company has a debt-to-equity ratio of 1.60, a quick ratio of 0.29 and a current ratio of 0.44. The business has a 50-day simple moving average of $11.19 and a two-hundred day simple moving average of $14.24.

Korea Electric Power (NYSE:KEP) last posted its quarterly earnings data on Tuesday, September 15th. The utilities provider reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.03 by ($0.89). The company had revenue of $14.60 billion for the quarter, compared to analyst estimates of $19.67 billion. Korea Electric Power had a net margin of 8.15% and a return on equity of 15.70%. As a group, equities analysts expect that Korea Electric Power will post 2.59 EPS for the current fiscal year.

Hedge Funds Weigh In On Korea Electric Power

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Assetmark Inc. grew its position in Korea Electric Power by 119.3% during the 1st quarter. Assetmark Inc. now owns 644,041 shares of the utilities provider’s stock worth $9,178,000 after purchasing an additional 350,337 shares during the period. Quantinno Capital Management LP grew its stake in Korea Electric Power by 48.1% in the 1st quarter. Quantinno Capital Management LP now owns 480,867 shares of the utilities provider’s stock valued at $6,852,000 after acquiring an additional 156,227 shares during the period. Bank of America Corp DE increased its stake in shares of Korea Electric Power by 617.5% during the first quarter. Bank of America Corp DE now owns 249,280 shares of the utilities provider’s stock worth $3,552,000 after purchasing an additional 214,535 shares in the last quarter. Corient Private Wealth LP increased its stake in Korea Electric Power by 54.2% during the 2nd quarter. Corient Private Wealth LP now owns 265,049 shares of the utilities provider’s stock worth $3,207,000 after buying an additional 93,194 shares in the last quarter. Finally, Dorsey Wright & Associates raised its stake in Korea Electric Power by 40.0% in the 1st quarter. Dorsey Wright & Associates now owns 166,344 shares of the utilities provider’s stock valued at $2,370,000 after purchasing an additional 47,526 shares during the last quarter.

Korea Electric Power Company Profile

Korea Electric Power Corporation, or KEPCO, is South Korea’s state-owned electric utility and the country’s principal provider of electricity transmission, distribution, and retail supply services. The company delivers power to residential, commercial, and industrial customers across South Korea and operates the national transmission and distribution networks.

KEPCO coordinates electricity generation through affiliated companies, including Korea Hydro & Nuclear Power, Korea South-East Power, Korea Midland Power, Korea Western Power, Korea Southern Power, and Korea East-West Power.