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

StockNews.com cut shares of Korea Electric Power (NYSE:KEP) from a buy rating to a hold rating in a research report report published on Wednesday.

Korea Electric Power Price Performance

Shares of KEP opened at $7.47 on Wednesday. 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 company has a 50 day moving average price of $7.47 and a 200-day moving average price of $7.65. Korea Electric Power has a fifty-two week low of $6.68 and a fifty-two week high of $9.43. The stock has a market capitalization of $9.58 billion, a PE ratio of 3.46 and a beta of 0.99.

Korea Electric Power (NYSE:KEP) last posted its earnings results on Tuesday, March 11th. The utilities provider reported $0.57 earnings per share 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 during the quarter, compared to analyst estimates of $17.04 billion.

Institutional Trading of Korea Electric Power

A number of institutional investors have recently modified their holdings of the company. Vise Technologies Inc. purchased a new stake in Korea Electric Power during the fourth quarter valued at approximately $89,000. Two Sigma Investments LP lifted its holdings in shares of Korea Electric Power by 84.4% during the 4th quarter. Two Sigma Investments LP now owns 30,809 shares of the utilities provider’s stock valued at $212,000 after purchasing an additional 14,100 shares during the last quarter. Millennium Management LLC boosted its position in shares of Korea Electric Power by 65.3% in the 4th quarter. Millennium Management LLC now owns 209,626 shares of the utilities provider’s stock worth $1,442,000 after purchasing an additional 82,775 shares in the last quarter. D. E. Shaw & Co. Inc. grew its stake in Korea Electric Power by 45.4% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 63,594 shares of the utilities provider’s stock worth $438,000 after buying an additional 19,848 shares during the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new position in Korea Electric Power during the 4th quarter valued at about $271,000.

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.