Korea Electric Power (NYSE:KEP) was upgraded by research analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating in a report released on Thursday, MarketBeat.com reports.
A number of other brokerages have also recently weighed in on KEP. Zacks Investment Research raised Korea Electric Power from a “sell” rating to a “hold” rating in a research note on Friday, November 16th. Daiwa Capital Markets raised Korea Electric Power from a “neutral” rating to an “outperform” rating in a research note on Tuesday, November 13th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold”.
Shares of NYSE KEP opened at $13.75 on Thursday. Korea Electric Power has a twelve month low of $10.52 and a twelve month high of $18.34. The company has a quick ratio of 0.53, a current ratio of 0.78 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $17.45 billion, a PE ratio of 14.47 and a beta of 0.54.
Korea Electric Power (NYSE:KEP) last issued its quarterly earnings data on Tuesday, September 11th. The utilities provider reported ($0.67) earnings per share for the quarter. Korea Electric Power had a net margin of 0.67% and a return on equity of 0.43%. The firm had revenue of $12 billion during the quarter. As a group, research analysts anticipate that Korea Electric Power will post -0.68 EPS for the current year.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in KEP. Lansdowne Partners UK LLP acquired a new position in Korea Electric Power during the 2nd quarter worth $15,673,000. Morgan Stanley grew its stake in Korea Electric Power by 12.3% during the 3rd quarter. Morgan Stanley now owns 2,182,733 shares of the utilities provider’s stock worth $28,747,000 after purchasing an additional 238,395 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Korea Electric Power by 91.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 386,748 shares of the utilities provider’s stock worth $5,093,000 after purchasing an additional 184,757 shares in the last quarter. Moody National Bank Trust Division acquired a new position in Korea Electric Power during the 3rd quarter worth $409,000. Finally, Schroder Investment Management Group grew its stake in Korea Electric Power by 18.1% during the 2nd quarter. Schroder Investment Management Group now owns 195,558 shares of the utilities provider’s stock worth $2,814,000 after purchasing an additional 29,947 shares in the last quarter. 4.03% of the stock is owned by hedge funds and other institutional investors.
Korea Electric Power Company Profile
Korea Electric Power Corporation, an integrated electric utility company, generates, transmits, and distributes electricity in Korea and internationally. The company operates through Transmission and Distribution, Electric Power Generation (Nuclear), Electric Power Generation (Non-nuclear), Plant Maintenance & Engineering Service, and Others segments.
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