Korea Electric Power (NYSE:KEP) Rating Increased to Hold at Zacks Research

Zacks Research upgraded shares of Korea Electric Power (NYSE:KEP) from a strong sell rating to a hold rating in a research note issued to investors on Tuesday morning,Zacks.com reports.

Several other equities analysts have also recently weighed in on KEP. Weiss Ratings cut Korea Electric Power from a “buy (b)” rating to a “hold (c+)” rating in a research note on Wednesday, May 27th. Morgan Stanley cut shares of Korea Electric Power from an “equal weight” rating to an “underweight” rating in a report on Tuesday, May 19th. Three equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Reduce”.

Korea Electric Power Price Performance

KEP opened at $11.89 on Tuesday. The firm has a market capitalization of $15.27 billion, a P/E ratio of 2.49, a PEG ratio of 2.12 and a beta of 0.95. The stock has a fifty day moving average of $12.22 and a 200-day moving average of $15.15. The company has a quick ratio of 0.29, a current ratio of 0.43 and a debt-to-equity ratio of 1.56. Korea Electric Power has a 12-month low of $11.25 and a 12-month high of $23.41.

Korea Electric Power (NYSE:KEP) last issued its quarterly earnings results on Wednesday, August 12th. The utilities provider reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.40). The business had revenue of $14.15 billion for the quarter, compared to analysts’ expectations of $14.88 billion. Korea Electric Power had a net margin of 8.95% and a return on equity of 18.25%. Equities analysts forecast that Korea Electric Power will post 2.83 EPS for the current fiscal year.

Institutional Investors Weigh In On Korea Electric Power

Several institutional investors and hedge funds have recently modified their holdings of the business. Global Trust Asset Management LLC bought a new position in Korea Electric Power in the 1st quarter worth approximately $28,000. Rockefeller Capital Management L.P. lifted its position in shares of Korea Electric Power by 47.0% in the 4th quarter. Rockefeller Capital Management L.P. now owns 2,264 shares of the utilities provider’s stock worth $37,000 after acquiring an additional 724 shares during the period. Smartleaf Asset Management LLC lifted its position in shares of Korea Electric Power by 21.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,625 shares of the utilities provider’s stock worth $44,000 after acquiring an additional 466 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Korea Electric Power during the 4th quarter worth approximately $45,000. Finally, Barclays PLC acquired a new stake in shares of Korea Electric Power during the 4th quarter worth approximately $45,000.

Korea Electric Power Company Profile

Korea Electric Power (KEP) is a South Korea–based integrated electric utility engaged in the generation, transmission and distribution of electricity. The company’s activities span power plant operation and maintenance, grid management, fuel procurement and power trading, as well as engineering, procurement and construction (EPC) services for large-scale power projects. Its asset base includes a mix of thermal, nuclear, hydro and renewable generation capacity, and the company supports system planning and reliability functions for the national electricity network.

In addition to core utility operations, KEP provides a range of technical and consulting services tied to power infrastructure, including plant construction, refurbishment and decommissioning support.