Korea Electric Power (NYSE:KEP) Rating Lowered to “Hold” at Wall Street Zen

Korea Electric Power (NYSE:KEP) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Sunday.

Separately, Weiss Ratings lowered shares of Korea Electric Power from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, March 13th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, the company has a consensus rating of “Hold”.

Korea Electric Power Stock Performance

Shares of NYSE KEP opened at $16.13 on Friday. The company has a debt-to-equity ratio of 1.70, a current ratio of 0.46 and a quick ratio of 0.31. Korea Electric Power has a one year low of $7.19 and a one year high of $23.41. The business’s 50-day moving average price is $19.66 and its two-hundred day moving average price is $16.98. The company has a market capitalization of $20.71 billion, a P/E ratio of 3.43, a price-to-earnings-growth ratio of 0.05 and a beta of 0.88.

Korea Electric Power (NYSE:KEP) last posted its quarterly earnings results on Tuesday, March 10th. The utilities provider reported $0.71 earnings per share for the quarter. The company had revenue of $14.92 billion during the quarter, compared to the consensus estimate of $16.37 billion. Korea Electric Power had a return on equity of 18.76% and a net margin of 8.80%.

Institutional Trading of Korea Electric Power

Institutional investors and hedge funds have recently made changes to their positions in the stock. AQR Capital Management LLC increased its holdings in shares of Korea Electric Power by 18.5% during the 1st quarter. AQR Capital Management LLC now owns 29,211 shares of the utilities provider’s stock valued at $216,000 after acquiring an additional 4,556 shares during the last quarter. Creative Planning acquired a new stake in Korea Electric Power in the 2nd quarter worth approximately $179,000. MAI Capital Management acquired a new stake in Korea Electric Power in the 2nd quarter worth approximately $93,000. Rhumbline Advisers boosted its position in Korea Electric Power by 0.7% during the second quarter. Rhumbline Advisers now owns 163,208 shares of the utilities provider’s stock worth $2,324,000 after purchasing an additional 1,182 shares during the period. Finally, American Century Companies Inc. boosted its position in Korea Electric Power by 19.8% during the second quarter. American Century Companies Inc. now owns 530,743 shares of the utilities provider’s stock worth $7,558,000 after purchasing an additional 87,682 shares during the period.

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.