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

Korea Electric Power Corporation (NYSE:KEP)’s stock price reached a new 52-week low on Wednesday . The stock 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 Analysts Forecast Growth

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

Korea Electric Power Stock Performance

The stock has a 50-day moving average price of $11.77 and a 200 day moving average price of $13.23. 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 firm has a market capitalization of $14.08 billion, a price-to-earnings ratio of 2.56, a P/E/G ratio of 2.14 and a beta of 0.95.

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). The firm had revenue of $14.60 billion during the quarter, compared to analyst estimates of $19.67 billion. Korea Electric Power had a net margin of 8.15% and a return on equity of 15.70%. On average, analysts forecast that Korea Electric Power Corporation will post 2.56 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Capital Wealth Planning LLC grew its holdings in shares of Korea Electric Power by 56.6% during the fourth 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. Assetmark Inc. boosted its stake in Korea Electric Power by 119.3% during the 1st 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 during the period. Quantinno Capital Management LP boosted its stake 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 worth $6,852,000 after buying an additional 156,227 shares during the period. Bank of America Corp DE lifted its position in Korea Electric Power by 617.5% during the 1st quarter. Bank of America Corp DE now owns 249,280 shares of the utilities provider’s stock worth $3,552,000 after acquiring an additional 214,535 shares during the period. Finally, Corient Private Wealth LP grew its position in Korea Electric Power by 54.2% in the 2nd quarter. Corient Private Wealth LP now owns 265,049 shares of the utilities provider’s stock valued at $3,207,000 after buying an additional 93,194 shares during the last quarter.

About Korea Electric Power

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.