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 Monday morning.

Korea Electric Power Price Performance

Shares of KEP opened at $7.54 on Monday. Korea Electric Power has a 12-month low of $6.68 and a 12-month high of $9.43. The business’s fifty day moving average is $7.39 and its 200 day moving average is $7.67. The company has a quick ratio of 0.30, a current ratio of 0.43 and a debt-to-equity ratio of 2.10. The stock has a market cap of $9.67 billion, a P/E ratio of 3.49 and a beta of 0.99.

Korea Electric Power (NYSE:KEP) last issued its earnings results on Tuesday, March 11th. The utilities provider reported $0.57 earnings per share (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 Investors Weigh In On Korea Electric Power

Several large investors have recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB purchased a new position in Korea Electric Power during the 3rd quarter valued at about $35,000. Atlas Capital Advisors Inc. grew its holdings in Korea Electric Power by 443.7% during the 4th quarter. Atlas Capital Advisors Inc. now owns 6,312 shares of the utilities provider’s stock valued at $43,000 after buying an additional 5,151 shares in the last quarter. Wealthstream Advisors Inc. purchased a new position in Korea Electric Power during the 4th quarter valued at about $71,000. XTX Topco Ltd purchased a new position in Korea Electric Power during the 4th quarter valued at about $78,000. Finally, Vise Technologies Inc. purchased a new position in Korea Electric Power during the 4th quarter valued at about $89,000.

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.