Korea Electric Power (NYSE:KEP) Stock Rating Lowered by Morgan Stanley

Korea Electric Power (NYSE:KEP) was downgraded by stock analysts at Morgan Stanley from an “equal weight” rating to an “underweight” rating in a note issued to investors on Tuesday, MarketBeat.com reports.

A number of other analysts have also weighed in on the company. Zacks Research lowered Korea Electric Power from a “hold” rating to a “strong sell” rating in a research note on Tuesday, March 31st. Bank of America lowered Korea Electric Power from a “buy” rating to a “neutral” rating in a research report on Tuesday, March 31st. Weiss Ratings upgraded Korea Electric Power from a “hold (c+)” rating to a “buy (b)” rating in a research report on Wednesday, May 13th. Finally, Wall Street Zen lowered Korea Electric Power from a “buy” rating to a “hold” rating in a research report on Sunday, March 22nd. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Reduce”.

Korea Electric Power Stock Performance

KEP stock traded up $0.02 during midday trading on Tuesday, hitting $12.92. The stock had a trading volume of 477,430 shares, compared to its average volume of 746,420. The firm has a market capitalization of $16.59 billion, a price-to-earnings ratio of 2.75, a P/E/G ratio of 1.78 and a beta of 0.99. The stock has a 50-day simple moving average of $15.12 and a 200 day simple moving average of $17.27. Korea Electric Power has a 52 week low of $10.08 and a 52 week high of $23.41. The company has a current ratio of 0.46, a quick ratio of 0.31 and a debt-to-equity ratio of 1.70.

Korea Electric Power (NYSE:KEP) last issued its quarterly earnings data on Saturday, February 14th. The utilities provider reported ($0.10) earnings per share (EPS) for the quarter. The company had revenue of $13.61 billion for the quarter. Korea Electric Power had a net margin of 8.80% and a return on equity of 18.76%. As a group, equities research analysts anticipate that Korea Electric Power will post 3.56 earnings per share for the current year.

Hedge Funds Weigh In On Korea Electric Power

Institutional investors have recently modified their holdings of the business. JPMorgan Chase & Co. lifted its stake in Korea Electric Power by 47,424.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 375,442 shares of the utilities provider’s stock valued at $4,900,000 after acquiring an additional 374,652 shares in the last quarter. Assetmark Inc. lifted its stake in Korea Electric Power by 1,172,236.7% in the 3rd quarter. Assetmark Inc. now owns 351,701 shares of the utilities provider’s stock valued at $4,590,000 after acquiring an additional 351,671 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in Korea Electric Power by 26.0% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,514,228 shares of the utilities provider’s stock valued at $19,761,000 after acquiring an additional 312,680 shares in the last quarter. Jane Street Group LLC bought a new stake in Korea Electric Power in the 2nd quarter valued at approximately $3,448,000. Finally, Lazard Asset Management LLC bought a new stake in Korea Electric Power in the 3rd quarter valued at approximately $2,821,000.

Korea Electric Power Company Profile

Korea Electric Power (KEP) is a South Korea–based integrated electric utility engaged in the generation, transmission and distribution of electricity. The company’s activities span power plant operation and maintenance, grid management, fuel procurement and power trading, as well as engineering, procurement and construction (EPC) services for large-scale power projects. Its asset base includes a mix of thermal, nuclear, hydro and renewable generation capacity, and the company supports system planning and reliability functions for the national electricity network.

In addition to core utility operations, KEP provides a range of technical and consulting services tied to power infrastructure, including plant construction, refurbishment and decommissioning support.