Korea Electric Power (NYSE:KEP) Lifted to “Hold” at Zacks Investment Research

Zacks Investment Research upgraded shares of Korea Electric Power (NYSE:KEP) from a sell rating to a hold rating in a report released on Thursday morning, 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. “

Several other research firms also recently weighed in on KEP. JPMorgan Chase & Co. raised shares of Korea Electric Power from a neutral rating to an overweight rating in a research report on Tuesday, November 5th. Macquarie downgraded shares of Korea Electric Power from a neutral rating to an underperform rating in a research report on Tuesday, September 3rd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company’s stock. Korea Electric Power presently has a consensus rating of Hold and an average target price of $18.00.

Shares of KEP traded down $0.17 during mid-day trading on Thursday, hitting $12.05. The company’s stock had a trading volume of 191,485 shares, compared to its average volume of 265,891. The firm has a 50-day moving average price of $11.13 and a 200 day moving average price of $10.99. The stock has a market capitalization of $15.55 billion, a price-to-earnings ratio of -12.96 and a beta of 0.35. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.84 and a quick ratio of 0.56. Korea Electric Power has a fifty-two week low of $9.90 and a fifty-two week high of $15.78.

Several institutional investors have recently added to or reduced their stakes in the company. Morgan Stanley increased its position in shares of Korea Electric Power by 12.4% in the second quarter. Morgan Stanley now owns 3,515,778 shares of the utilities provider’s stock worth $39,025,000 after acquiring an additional 388,353 shares in the last quarter. Donald Smith & CO. Inc. increased its position in shares of Korea Electric Power by 5.5% in the second quarter. Donald Smith & CO. Inc. now owns 2,265,107 shares of the utilities provider’s stock worth $25,143,000 after acquiring an additional 117,683 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Korea Electric Power by 1.8% in the second quarter. Vanguard Group Inc. now owns 2,107,200 shares of the utilities provider’s stock worth $23,390,000 after acquiring an additional 37,374 shares in the last quarter. Northern Trust Corp increased its position in shares of Korea Electric Power by 21.3% in the second quarter. Northern Trust Corp now owns 1,313,043 shares of the utilities provider’s stock worth $14,575,000 after acquiring an additional 230,698 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its position in shares of Korea Electric Power by 3.2% in the third quarter. Russell Investments Group Ltd. now owns 1,091,716 shares of the utilities provider’s stock worth $11,829,000 after acquiring an additional 34,175 shares in the last quarter. 3.97% of the stock is currently owned by institutional investors and hedge funds.

Korea Electric Power Company Profile

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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