Korea Electric Power Corporation (KEP) – What Are Investment Firms Saying About This Stock?

Korea Electric Power Corporation (NYSE:KEP) has earned a consensus recommendation of “Reduce” from the five analysts that are currently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating and three have given a hold rating to the company.

KEP has been the topic of several research analyst reports. Weiss Ratings upgraded shares of Korea Electric Power from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, October 8th. Zacks Research lowered shares of Korea Electric Power from a “hold” rating to a “strong sell” rating in a research report on Wednesday, September 9th. Finally, Nomura lowered shares of Korea Electric Power from a “buy” rating to a “neutral” rating in a research report on Thursday, August 13th.

Korea Electric Power Price Performance

Korea Electric Power stock opened at $10.56 on Tuesday. The stock has a market cap of $13.56 billion, a price-to-earnings ratio of 2.44, a PEG ratio of 1.98 and a beta of 0.96. 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 business has a 50-day simple moving average of $11.17 and a 200 day simple moving average of $14.19. Korea Electric Power has a 52 week low of $10.26 and a 52 week high of $23.41.

Korea Electric Power (NYSE:KEP) last released its quarterly earnings results on Tuesday, September 15th. The utilities provider reported $0.14 earnings per share for the quarter, missing the consensus estimate of $1.03 by ($0.89). The business had revenue of $14.60 billion during the quarter, compared to analysts’ expectations of $19.67 billion. Korea Electric Power had a net margin of 8.15% and a return on equity of 15.70%. On average, research analysts forecast that Korea Electric Power will post 2.59 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in KEP. Global Trust Asset Management LLC purchased a new stake in Korea Electric Power during the 1st quarter valued at about $28,000. Rockefeller Capital Management L.P. lifted its position in Korea Electric Power by 47.0% during the fourth quarter. Rockefeller Capital Management L.P. now owns 2,264 shares of the utilities provider’s stock valued at $37,000 after buying an additional 724 shares during the period. Royal Bank of Canada boosted its holdings in shares of Korea Electric Power by 171.4% during the 1st quarter. Royal Bank of Canada now owns 6,499 shares of the utilities provider’s stock valued at $93,000 after buying an additional 4,104 shares in the last quarter. Inspire Investing LLC grew its position in shares of Korea Electric Power by 30.8% in the 3rd quarter. Inspire Investing LLC now owns 8,803 shares of the utilities provider’s stock worth $96,000 after buying an additional 2,071 shares during the period. Finally, Nykredit A S bought a new position in shares of Korea Electric Power in the 2nd quarter worth about $121,000.

Korea Electric Power Company Profile

Korea Electric Power Corporation, or KEPCO, is South Korea’s state-owned electric utility and the country’s principal provider of electricity transmission, distribution, and retail supply services. The company delivers power to residential, commercial, and industrial customers across South Korea and operates the national transmission and distribution networks.

KEPCO coordinates electricity generation through affiliated companies, including Korea Hydro & Nuclear Power, Korea South-East Power, Korea Midland Power, Korea Western Power, Korea Southern Power, and Korea East-West Power.