Korea Electric Power (NYSE:KEP) Hits New 1-Year Low – What’s Next?

Korea Electric Power Corporation (NYSE:KEP) shares hit a new 52-week low during trading on Wednesday . The company traded as low as $10.92 and last traded at $10.9350, with a volume of 95445 shares traded. The stock had previously closed at $11.30.

Wall Street Analyst Weigh In

KEP has been the subject of a number of analyst reports. Nomura lowered Korea Electric Power from a “buy” rating to a “neutral” rating in a research report on Thursday, August 13th. Weiss Ratings downgraded Korea Electric Power from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, August 20th. Finally, Zacks Research cut Korea Electric Power from a “hold” rating to a “strong sell” rating in a research note on Wednesday, September 9th. Three analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce”.

Korea Electric Power Trading Down 3.0%

The stock has a market cap of $14.08 billion, a PE ratio of 2.56, a PEG ratio of 2.14 and a beta of 0.95. The company has a quick ratio of 0.29, a current ratio of 0.44 and a debt-to-equity ratio of 1.60. The stock’s fifty day moving average price is $11.77 and its 200 day moving average price is $13.23.

Korea Electric Power (NYSE:KEP) last announced its quarterly earnings data on Tuesday, September 15th. The utilities provider reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.89). Korea Electric Power had a return on equity of 15.70% and a net margin of 8.15%.The firm had revenue of $14.60 billion during the quarter, compared to analysts’ expectations of $19.67 billion. On average, sell-side analysts forecast that Korea Electric Power Corporation will post 2.56 EPS for the current year.

Hedge Funds Weigh In On Korea Electric Power

A number of hedge funds and other institutional investors have recently modified their holdings of KEP. Quantinno Capital Management LP boosted its position in shares of Korea Electric Power by 48.1% during the first quarter. Quantinno Capital Management LP now owns 480,867 shares of the utilities provider’s stock valued at $6,852,000 after buying an additional 156,227 shares during the period. Engineers Gate Manager LP boosted its stake in shares of Korea Electric Power by 166.5% during the second quarter. Engineers Gate Manager LP now owns 105,619 shares of the utilities provider’s stock valued at $1,278,000 after purchasing an additional 65,994 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of Korea Electric Power by 617.5% in the 1st quarter. Bank of America Corp DE now owns 249,280 shares of the utilities provider’s stock valued at $3,552,000 after acquiring an additional 214,535 shares during the period. Assetmark Inc. raised its holdings in Korea Electric Power by 119.3% in the first quarter. Assetmark Inc. now owns 644,041 shares of the utilities provider’s stock worth $9,178,000 after purchasing an additional 350,337 shares in the last quarter. Finally, Dorsey Wright & Associates lifted its position in Korea Electric Power by 40.0% during the first quarter. Dorsey Wright & Associates now owns 166,344 shares of the utilities provider’s stock valued at $2,370,000 after acquiring an additional 47,526 shares during the last quarter.

Korea Electric Power Company Profile

Korea Electric Power Corporation (KEPCO) is South Korea’s state-owned, integrated electric utility. The company is responsible for the transmission and distribution of electricity throughout South Korea and supplies power to residential, commercial and industrial customers.

KEPCO’s business includes electricity generation through affiliated companies, power transmission and distribution, and related energy services. Its generation-related subsidiaries include Korea Hydro & Nuclear Power, which operates nuclear and hydroelectric facilities, as well as several companies focused on thermal and renewable power generation.

Founded in 1961, KEPCO has also pursued international projects involving power generation, transmission, renewable energy and other energy infrastructure.