Korea Electric Power (NYSE:KEP) Sets New 52-Week Low – Here’s What Happened

Korea Electric Power Corporation (NYSE:KEP)’s stock price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $11.24 and last traded at $11.2070, with a volume of 4296 shares changing hands. The stock had previously closed at $11.28.

Analysts Set New Price Targets

A number of research firms have recently weighed in on KEP. Weiss Ratings downgraded shares of Korea Electric Power from a “buy (b)” rating to a “hold (c+)” rating in a research note on Wednesday, May 27th. Zacks Research raised Korea Electric Power from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 11th. Morgan Stanley cut Korea Electric Power from an “equal weight” rating to an “underweight” rating in a research report on Tuesday, May 19th. Finally, Nomura downgraded Korea Electric Power from a “buy” rating to a “neutral” rating in a research note on Thursday, August 13th. Four investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Korea Electric Power currently has an average rating of “Reduce”.

Korea Electric Power Stock Performance

The stock has a market cap of $14.44 billion, a P/E ratio of 2.35, a price-to-earnings-growth ratio of 2.25 and a beta of 0.95. The firm’s 50-day moving average is $12.16 and its two-hundred day moving average is $14.87. The company has a quick ratio of 0.29, a current ratio of 0.43 and a debt-to-equity ratio of 1.56.

Korea Electric Power (NYSE:KEP) last posted its earnings results on Wednesday, August 12th. The utilities provider reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.18). The business had revenue of $14.15 billion during the quarter, compared to analyst estimates of $15.31 billion. Korea Electric Power had a net margin of 8.95% and a return on equity of 18.25%. As a group, research analysts expect that Korea Electric Power Corporation will post 2.56 EPS for the current year.

Institutional Investors Weigh In On Korea Electric Power

Institutional investors and hedge funds have recently modified their holdings of the business. Quantinno Capital Management LP boosted its stake in shares of Korea Electric Power by 48.1% during the 1st quarter. Quantinno Capital Management LP now owns 480,867 shares of the utilities provider’s stock worth $6,852,000 after acquiring an additional 156,227 shares in the last quarter. Assetmark Inc. raised its stake in shares of Korea Electric Power by 119.3% in the 1st quarter. Assetmark Inc. now owns 644,041 shares of the utilities provider’s stock valued at $9,178,000 after acquiring an additional 350,337 shares in the last quarter. Capital Wealth Planning LLC lifted its holdings in Korea Electric Power by 56.6% in the 4th quarter. Capital Wealth Planning LLC now owns 595,498 shares of the utilities provider’s stock worth $9,921,000 after purchasing an additional 215,150 shares during the last quarter. Sei Investments Co. boosted its position in Korea Electric Power by 44.0% during the first quarter. Sei Investments Co. now owns 134,863 shares of the utilities provider’s stock worth $1,922,000 after purchasing an additional 41,239 shares during the period. Finally, Whittier Trust Co. bought a new stake in Korea Electric Power during the first quarter worth approximately $619,000.

Korea Electric Power Company Profile

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.