Korea Electric Power (NYSE:KEP) Stock Rating Raised to Hold at Zacks Research

by · The Markets Daily

Zacks Research upgraded shares of Korea Electric Power (NYSE:KEP – Free Report) from a strong sell rating to a hold rating in a report released on Monday,Zacks reports.

KEP has been the topic of several other research reports. Nomura cut Korea Electric Power from a “buy” rating to a “neutral” rating in a research report on Thursday, August 13th. Weiss Ratings raised Korea Electric Power from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, October 8th. Four equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Reduce”.

Check Out Our Latest Research Report on Korea Electric Power

Korea Electric Power Trading Down 1.0%

NYSE KEP opened at $11.22 on Monday. The company has a debt-to-equity ratio of 1.60, a quick ratio of 0.29 and a current ratio of 0.44. The firm has a market cap of $14.40 billion, a PE ratio of 2.61, a P/E/G ratio of 2.14 and a beta of 1.02. Korea Electric Power has a one year low of $10.26 and a one year high of $23.41. The firm’s fifty day moving average is $11.10 and its two-hundred day moving average is $13.91.

Korea Electric Power (NYSE:KEP – Get Free Report) last announced its earnings results on Tuesday, September 15th. The utilities provider reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.89). Korea Electric Power had a net margin of 8.15% and a return on equity of 15.70%. The business had revenue of $14.60 billion during the quarter, compared to analysts’ expectations of $19.67 billion. Analysts expect that Korea Electric Power will post 2.59 earnings per share for the current year.

Hedge Funds Weigh In On Korea Electric Power

Institutional investors have recently bought and sold shares of the company. HighTower Advisors LLC raised its position in Korea Electric Power by 97.4% during the 3rd quarter. HighTower Advisors LLC now owns 32,829 shares of the utilities provider’s stock worth $360,000 after buying an additional 16,196 shares during the last quarter. Hantz Financial Services Inc. boosted its holdings in shares of Korea Electric Power by 18.1% in the third quarter. Hantz Financial Services Inc. now owns 15,390 shares of the utilities provider’s stock valued at $169,000 after acquiring an additional 2,363 shares in the last quarter. Altar Rock LLC purchased a new stake in shares of Korea Electric Power in the third quarter valued at about $116,000. Ethic Inc. increased its stake in shares of Korea Electric Power by 35.5% during the third quarter. Ethic Inc. now owns 15,347 shares of the utilities provider’s stock worth $168,000 after acquiring an additional 4,020 shares during the period. Finally, Parallel Advisors LLC increased its stake in shares of Korea Electric Power by 30.8% during the third quarter. Parallel Advisors LLC now owns 4,724 shares of the utilities provider’s stock worth $52,000 after acquiring an additional 1,111 shares during the period.

Korea Electric Power Company Profile

(Get Free Report)

Korea Electric Power Corporation, commonly known as KEPCO, is an integrated electric utility based in South Korea. It is responsible for transmitting and distributing electricity across the country and selling power to households, businesses and other customers. KEPCO also participates in electricity generation, including through subsidiaries that operate nuclear, coal-fired and other power plants. Its activities extend to energy-related services and overseas power projects. The company traces its modern corporate history to its establishment as a public corporation in 1982, building on earlier Korean electricity organizations.

Recommended Stories