Korea Electric Power (NYSE:KEP) Downgraded by StockNews.com to Hold

Korea Electric Power (NYSE:KEP) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Thursday.

Korea Electric Power Stock Up 1.0 %

NYSE:KEP traded up $0.08 on Thursday, hitting $7.39. 157,961 shares of the company’s stock were exchanged, compared to its average volume of 142,891. The firm has a 50-day moving average price of $7.48 and a 200-day moving average price of $7.63. Korea Electric Power has a 52 week low of $6.68 and a 52 week high of $9.43. The company has a debt-to-equity ratio of 2.10, a current ratio of 0.43 and a quick ratio of 0.30. The company has a market cap of $9.48 billion, a P/E ratio of 3.42 and a beta of 0.99.

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

Hedge Funds Weigh In On Korea Electric Power

A number of institutional investors have recently added to or reduced their stakes in KEP. Sanctuary Advisors LLC bought a new position in shares of Korea Electric Power in the 4th quarter valued at about $525,000. Stifel Financial Corp bought a new position in Korea Electric Power during the third quarter worth about $96,000. State Street Corp increased its position in Korea Electric Power by 0.9% during the third quarter. State Street Corp now owns 746,847 shares of the utilities provider’s stock worth $5,796,000 after buying an additional 6,975 shares during the last quarter. Jane Street Group LLC bought a new stake in Korea Electric Power in the third quarter valued at approximately $140,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of Korea Electric Power in the third quarter valued at approximately $855,000.

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.