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

Zacks Investment Research downgraded shares of Korea Electric Power (NYSE:KEP) from a hold rating to a sell rating in a report issued on Wednesday, Zacks.com reports.

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. “

Separately, Macquarie lowered shares of Korea Electric Power from a neutral rating to an underperform rating in a research note on Tuesday, September 3rd. Two investment analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. Korea Electric Power has a consensus rating of Hold and a consensus target price of $18.00.

Shares of KEP stock traded down $0.02 on Wednesday, hitting $10.87. The stock had a trading volume of 4,037 shares, compared to its average volume of 132,578. The firm has a market cap of $14.12 billion, a P/E ratio of -11.65 and a beta of 0.35. The company has a current ratio of 0.84, a quick ratio of 0.56 and a debt-to-equity ratio of 0.79. Korea Electric Power has a twelve month low of $9.90 and a twelve month high of $15.78. The company has a fifty day moving average price of $10.79 and a two-hundred day moving average price of $11.13.

Korea Electric Power (NYSE:KEP) last announced its earnings results on Wednesday, August 14th. The utilities provider reported ($0.31) earnings per share for the quarter. The company had revenue of $11.76 billion during the quarter. Korea Electric Power had a negative return on equity of 1.80% and a negative net margin of 2.13%. On average, analysts expect that Korea Electric Power will post -0.38 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Atria Investments LLC acquired a new position in Korea Electric Power in the 2nd quarter worth $251,000. Cornerstone Advisors Inc. boosted its stake in Korea Electric Power by 131.7% in the 3rd quarter. Cornerstone Advisors Inc. now owns 5,627 shares of the utilities provider’s stock worth $61,000 after purchasing an additional 3,198 shares during the period. Quadrant Capital Group LLC boosted its stake in Korea Electric Power by 14.8% in the 3rd quarter. Quadrant Capital Group LLC now owns 44,532 shares of the utilities provider’s stock worth $478,000 after purchasing an additional 5,753 shares during the period. Signaturefd LLC boosted its stake in Korea Electric Power by 118.4% in the 3rd quarter. Signaturefd LLC now owns 11,620 shares of the utilities provider’s stock worth $126,000 after purchasing an additional 6,300 shares during the period. Finally, Buckingham Asset Management LLC boosted its stake in Korea Electric Power by 70.5% in the 2nd quarter. Buckingham Asset Management LLC now owns 22,333 shares of the utilities provider’s stock worth $248,000 after purchasing an additional 9,237 shares during the period. 3.97% of the stock is owned by hedge funds and other institutional investors.

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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