Korea Electric Power (NYSE:KEP) Upgraded to Hold at Zacks Research

Zacks Research upgraded shares of Korea Electric Power (NYSE:KEP) from a strong sell rating to a hold rating in a report issued on Thursday,Zacks.com reports.

Other analysts have also recently issued reports about the stock. Bank of America cut shares of Korea Electric Power from a “buy” rating to a “neutral” rating in a report on Tuesday, March 31st. Morgan Stanley cut shares of Korea Electric Power from an “equal weight” rating to an “underweight” rating in a report on Tuesday, May 19th. Wall Street Zen cut shares of Korea Electric Power from a “buy” rating to a “hold” rating in a report on Sunday, March 22nd. Finally, Weiss Ratings cut shares of Korea Electric Power from a “buy (b)” rating to a “hold (c+)” rating in a report on Wednesday. Three investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Korea Electric Power presently has an average rating of “Reduce”.

Korea Electric Power Stock Performance

KEP stock opened at $13.14 on Thursday. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.31 and a current ratio of 0.46. The stock has a market cap of $16.86 billion, a P/E ratio of 2.79, a P/E/G ratio of 1.96 and a beta of 0.99. The firm has a 50 day simple moving average of $14.55 and a 200 day simple moving average of $17.11. Korea Electric Power has a 52 week low of $10.08 and a 52 week high of $23.41.

Korea Electric Power (NYSE:KEP) last posted its quarterly earnings results on Saturday, February 14th. The utilities provider reported ($0.10) EPS for the quarter. The company had revenue of $13.61 billion for the quarter. Korea Electric Power had a return on equity of 18.76% and a net margin of 8.80%. Research analysts anticipate that Korea Electric Power will post 3.29 earnings per share for the current fiscal year.

Institutional Trading of Korea Electric Power

A number of institutional investors have recently added to or reduced their stakes in KEP. Global Trust Asset Management LLC acquired a new stake in Korea Electric Power in the first quarter valued at approximately $28,000. Smartleaf Asset Management LLC acquired a new stake in Korea Electric Power in the third quarter valued at approximately $29,000. Rockefeller Capital Management L.P. lifted its stake in Korea Electric Power by 47.0% in the fourth quarter. Rockefeller Capital Management L.P. now owns 2,264 shares of the utilities provider’s stock valued at $37,000 after acquiring an additional 724 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Korea Electric Power in the fourth quarter valued at approximately $45,000. Finally, Barclays PLC acquired a new stake in Korea Electric Power in the fourth quarter valued at approximately $45,000.

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.