Korea Electric Power (NYSE:KEP) Cut to “Hold” at StockNews.com

StockNews.com downgraded shares of Korea Electric Power (NYSE:KEP) from a buy rating to a hold rating in a report released on Wednesday morning.

Korea Electric Power Stock Performance

NYSE KEP opened at $7.47 on Wednesday. Korea Electric Power has a fifty-two week low of $6.68 and a fifty-two week high of $9.43. The company has a market cap of $9.58 billion, a P/E ratio of 3.46 and a beta of 0.99. The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.30 and a current ratio of 0.43. The business’s 50 day moving average price is $7.47 and its 200-day moving average price is $7.65.

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

Hedge Funds Weigh In On Korea Electric Power

Large investors have recently bought and sold shares of the business. Arrowstreet Capital Limited Partnership lifted its position in shares of Korea Electric Power by 90.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 723,844 shares of the utilities provider’s stock worth $4,980,000 after purchasing an additional 344,126 shares during the last quarter. Northern Trust Corp lifted 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 valued at $2,640,000 after buying an additional 332,009 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in Korea Electric Power in the 3rd quarter valued at about $855,000. Marshall Wace LLP grew its stake in Korea Electric Power by 93.7% in the 4th quarter. Marshall Wace LLP now owns 171,334 shares of the utilities provider’s stock worth $1,179,000 after acquiring an additional 82,902 shares in the last quarter. Finally, Millennium Management LLC increased its position 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 acquiring an additional 82,775 shares during the period.

About Korea Electric Power

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.