Korea Electric Power (NYSE:KEP) Hits New 12-Month Low – Here’s What Happened

Shares of Korea Electric Power Corporation (NYSE:KEP) reached a new 52-week low on Monday . The stock traded as low as $11.73 and last traded at $11.8950, with a volume of 265439 shares. The stock had previously closed at $12.39.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on KEP. Weiss Ratings cut Korea Electric Power from a “buy (b)” rating to a “hold (c+)” rating in a research note on Wednesday, May 27th. Morgan Stanley lowered shares of Korea Electric Power from an “equal weight” rating to an “underweight” rating in a research report on Tuesday, May 19th. Bank of America downgraded shares of Korea Electric Power from a “buy” rating to a “neutral” rating in a research note on Tuesday, March 31st. Zacks Research raised shares of Korea Electric Power from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 28th. Finally, Wall Street Zen cut shares of Korea Electric Power from a “buy” rating to a “hold” rating in a research note on Sunday, March 22nd. Three equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Korea Electric Power presently has an average rating of “Reduce”.

Korea Electric Power Stock Down 1.2%

The company’s 50 day simple moving average is $12.91 and its 200-day simple moving average is $16.08. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.29 and a current ratio of 0.43. The firm has a market capitalization of $14.82 billion, a PE ratio of 2.42, a PEG ratio of 2.01 and a beta of 0.95.

Korea Electric Power (NYSE:KEP) last released its quarterly earnings results on Tuesday, June 16th. The utilities provider reported $1.33 EPS for the quarter, beating analysts’ consensus estimates of $1.27 by $0.06. Korea Electric Power had a net margin of 8.95% and a return on equity of 18.25%. The firm had revenue of $16.22 billion during the quarter, compared to analyst estimates of $17.21 billion. On average, analysts forecast that Korea Electric Power Corporation will post 2.83 EPS for the current fiscal year.

Hedge Funds Weigh In On Korea Electric Power

A number of institutional investors have recently added to or reduced their stakes in the business. Global Trust Asset Management LLC purchased a new stake in shares of Korea Electric Power in the 1st quarter valued at about $28,000. Rockefeller Capital Management L.P. grew its holdings in shares of Korea Electric Power by 47.0% during the fourth quarter. Rockefeller Capital Management L.P. now owns 2,264 shares of the utilities provider’s stock worth $37,000 after purchasing an additional 724 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of Korea Electric Power by 21.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,625 shares of the utilities provider’s stock worth $44,000 after purchasing an additional 466 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of Korea Electric Power in the fourth quarter worth approximately $45,000. Finally, Barclays PLC bought a new position in shares of Korea Electric Power in the fourth quarter worth approximately $45,000.

About Korea Electric Power

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.