Korea Electric Power Corporation (NYSE:KEP) Given Consensus Rating of “Reduce” by Analysts

Shares of Korea Electric Power Corporation (NYSE:KEP) have been given an average recommendation of “Reduce” by the five brokerages that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation and four have issued a hold recommendation on the company.

A number of analysts recently weighed in on the stock. Zacks Research raised shares of Korea Electric Power from a “strong sell” rating to a “hold” rating in a research note on Tuesday. Nomura cut Korea Electric Power from a “buy” rating to a “neutral” rating in a report on Thursday. Weiss Ratings lowered shares of Korea Electric Power from a “buy (b)” rating to a “hold (c+)” rating in a report on Wednesday, May 27th. Finally, Morgan Stanley cut Korea Electric Power from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, May 19th.

Korea Electric Power Price Performance

NYSE KEP traded down $0.34 during trading on Thursday, reaching $11.54. The company’s stock had a trading volume of 901,593 shares, compared to its average volume of 913,321. The firm has a fifty day moving average of $12.22 and a 200 day moving average of $15.15. Korea Electric Power has a one year low of $11.25 and a one year high of $23.41. The stock has a market capitalization of $14.82 billion, a PE ratio of 2.42, a P/E/G ratio of 2.12 and a beta of 0.95. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.43 and a quick ratio of 0.29.

Korea Electric Power (NYSE:KEP) last issued its earnings results on Wednesday, August 12th. The utilities provider reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.40). Korea Electric Power had a return on equity of 18.25% and a net margin of 8.95%.The business had revenue of $14.15 billion during the quarter, compared to analysts’ expectations of $14.88 billion. Analysts expect that Korea Electric Power will post 2.83 EPS for the current fiscal year.

Institutional Investors Weigh In On Korea Electric Power

Hedge funds have recently modified their holdings of the stock. Elmwood Wealth Management Inc. acquired a new position in shares of Korea Electric Power during the second quarter worth $138,000. GAMMA Investing LLC raised its stake in shares of Korea Electric Power by 37.3% during the second quarter. GAMMA Investing LLC now owns 23,534 shares of the utilities provider’s stock valued at $285,000 after purchasing an additional 6,397 shares in the last quarter. NewEdge Advisors LLC boosted its position in shares of Korea Electric Power by 29.3% during the 1st quarter. NewEdge Advisors LLC now owns 38,524 shares of the utilities provider’s stock valued at $549,000 after purchasing an additional 8,723 shares in the last quarter. Bank of America Corp DE boosted its position in shares of Korea Electric Power by 617.5% in the 1st quarter. Bank of America Corp DE now owns 249,280 shares of the utilities provider’s stock valued at $3,552,000 after purchasing an additional 214,535 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Korea Electric Power by 34.5% in the first quarter. EverSource Wealth Advisors LLC now owns 21,535 shares of the utilities provider’s stock valued at $307,000 after purchasing an additional 5,528 shares in the last quarter.

About Korea Electric Power

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.