Korea Electric Power (NYSE:KEP) Hits New 1-Year Low – Here’s What Happened

Korea Electric Power Corporation (NYSE:KEP)’s stock price reached a new 52-week low during trading on Monday. The company traded as low as $10.40 and last traded at $10.4450, with a volume of 56,836 shares traded. The stock had previously closed at $10.59.

Analyst Ratings Changes

KEP has been the topic of several research analyst reports. Weiss Ratings raised Korea Electric Power from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, October 8th. Zacks Research lowered Korea Electric Power from a “hold” rating to a “strong sell” rating in a report on Wednesday, September 9th. Finally, Nomura cut Korea Electric Power from a “buy” rating to a “neutral” rating in a research report on Thursday, August 13th. Three investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce”.

Korea Electric Power Price Performance

The firm’s 50-day moving average is $11.29 and its 200-day moving average is $12.47. The company has a debt-to-equity ratio of 1.60, a current ratio of 0.44 and a quick ratio of 0.29. The company has a market capitalization of $13.42 billion, a P/E ratio of 2.44, a price-to-earnings-growth ratio of 2.00 and a beta of 0.96.

Korea Electric Power (NYSE:KEP) last released its earnings results on Tuesday, September 15th. The utilities provider reported $0.14 earnings per share 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 analysts’ expectations of $19.67 billion. Korea Electric Power had a net margin of 8.15% and a return on equity of 15.70%. Analysts predict that Korea Electric Power Corporation will post 2.59 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of KEP. Quantinno Capital Management LP raised its holdings in Korea Electric Power by 48.1% during the first 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. Engineers Gate Manager LP boosted its stake in shares of Korea Electric Power by 166.5% in the second quarter. Engineers Gate Manager LP now owns 105,619 shares of the utilities provider’s stock worth $1,278,000 after acquiring an additional 65,994 shares during the period. Corient Private Wealth LP boosted its stake in shares of Korea Electric Power by 54.2% in the second quarter. Corient Private Wealth LP now owns 265,049 shares of the utilities provider’s stock worth $3,207,000 after acquiring an additional 93,194 shares during the period. Bank of America Corp DE grew its position 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. Finally, Assetmark Inc. grew its position in shares of Korea Electric Power by 119.3% during the first 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 in 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.