Korea Electric Power (KEP) Stock Rating Lowered by Zacks Investment Research

Zacks Investment Research cut shares of Korea Electric Power (NYSE:KEP) from a hold rating to a sell rating in a report issued on Tuesday morning.

According to Zacks, “Korea Electric Power Corporation generates and supplies electric power to its customers, both industrial and residential. The Korean government owns the majority of the company. “

KEP traded down $0.59 during midday trading on Tuesday, reaching $11.93. The company had a trading volume of 19,395 shares, compared to its average volume of 425,118. The company has a quick ratio of 0.53, a current ratio of 0.78 and a debt-to-equity ratio of 0.69. The stock has a market cap of $15.41 billion, a price-to-earnings ratio of 12.56, a PEG ratio of 2.29 and a beta of 0.43. Korea Electric Power has a 1 year low of $10.52 and a 1 year high of $18.34.



Korea Electric Power (NYSE:KEP) last issued its quarterly earnings results on Tuesday, September 11th. The utilities provider reported ($0.67) EPS for the quarter. The company had revenue of $12 billion during the quarter. Korea Electric Power had a return on equity of 0.43% and a net margin of 0.67%. On average, equities analysts anticipate that Korea Electric Power will post 1.05 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently modified their holdings of the business. Fox Run Management L.L.C. purchased a new stake in shares of Korea Electric Power during the third quarter worth about $142,000. Ladenburg Thalmann Financial Services Inc. grew its position in shares of Korea Electric Power by 194.6% during the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 10,021 shares of the utilities provider’s stock worth $154,000 after purchasing an additional 6,620 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of Korea Electric Power during the second quarter worth about $205,000. Wetherby Asset Management Inc. grew its position in shares of Korea Electric Power by 11.9% during the second quarter. Wetherby Asset Management Inc. now owns 46,632 shares of the utilities provider’s stock worth $668,000 after purchasing an additional 4,955 shares in the last quarter. Finally, Advisors Asset Management Inc. grew its position in shares of Korea Electric Power by 8.0% during the second quarter. Advisors Asset Management Inc. now owns 107,142 shares of the utilities provider’s stock worth $1,536,000 after purchasing an additional 7,921 shares in the last quarter. Institutional investors and hedge funds own 4.18% of the company’s stock.

About Korea Electric Power

Korea Electric Power Corporation, an integrated electric utility company, generates, transmits, and distributes electricity in Korea and internationally. The company operates through Transmission and Distribution, Electric Power Generation (Nuclear), Electric Power Generation (Non-nuclear), Plant Maintenance & Engineering Service, and Others segments.

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