Korea Electric Power (NYSE:KEP) Stock Rating Lowered by Morgan Stanley

Korea Electric Power (NYSE:KEP) was downgraded by stock analysts at Morgan Stanley from an “equal weight” rating to an “underweight” rating in a note issued to investors on Tuesday, Marketbeat reports.

KEP has been the topic of a number of other reports. Zacks Research lowered Korea Electric Power from a “hold” rating to a “strong sell” rating in a report on Tuesday, March 31st. Bank of America lowered Korea Electric Power from a “buy” rating to a “neutral” rating in a report on Tuesday, March 31st. Weiss Ratings raised Korea Electric Power from a “hold (c+)” rating to a “buy (b)” rating in a report on Wednesday, May 13th. Finally, Wall Street Zen lowered Korea Electric Power from a “buy” rating to a “hold” rating in a report on Sunday, March 22nd. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce”.

Korea Electric Power Stock Up 0.2%

Shares of Korea Electric Power stock traded up $0.02 on Tuesday, reaching $12.92. 477,430 shares of the company were exchanged, compared to its average volume of 746,420. Korea Electric Power has a one year low of $10.08 and a one year high of $23.41. The company has a market capitalization of $16.59 billion, a price-to-earnings ratio of 2.75, a PEG ratio of 1.78 and a beta of 0.99. The company has a current ratio of 0.46, a quick ratio of 0.31 and a debt-to-equity ratio of 1.70. The company has a 50-day moving average of $15.12 and a 200 day moving average of $17.27.

Korea Electric Power (NYSE:KEP) last announced its quarterly earnings data on Saturday, February 14th. The utilities provider reported ($0.10) earnings per share (EPS) for the quarter. Korea Electric Power had a return on equity of 18.76% and a net margin of 8.80%.The company had revenue of $13.61 billion for the quarter. On average, equities research analysts forecast that Korea Electric Power will post 3.56 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. AdvisorShares Investments LLC acquired a new position in Korea Electric Power in the 3rd quarter valued at $1,017,000. JPMorgan Chase & Co. grew its holdings in Korea Electric Power by 47,424.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 375,442 shares of the utilities provider’s stock valued at $4,900,000 after buying an additional 374,652 shares in the last quarter. Capital Wealth Planning LLC grew its holdings in Korea Electric Power by 87.0% in the 3rd quarter. Capital Wealth Planning LLC now owns 380,348 shares of the utilities provider’s stock valued at $4,964,000 after buying an additional 176,920 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in Korea Electric Power in the 3rd quarter valued at $456,000. Finally, Assetmark Inc. grew its holdings in Korea Electric Power by 1,172,236.7% in the 3rd quarter. Assetmark Inc. now owns 351,701 shares of the utilities provider’s stock valued at $4,590,000 after buying an additional 351,671 shares in the last quarter.

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.