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

Shares of Korea Electric Power Corporation (NYSE:KEP) have received a consensus recommendation of “Reduce” from the five analysts that are presently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating and three have given a hold rating to the company.

A number of equities research analysts have recently issued reports on the company. Nomura cut Korea Electric Power from a “buy” rating to a “neutral” rating in a report on Thursday, August 13th. Weiss Ratings lowered Korea Electric Power from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, August 20th. Morgan Stanley cut Korea Electric Power from an “equal weight” rating to an “underweight” rating in a report on Tuesday, May 19th. Finally, Zacks Research downgraded Korea Electric Power from a “hold” rating to a “strong sell” rating in a research note on Wednesday, September 9th.

Korea Electric Power Price Performance

Shares of KEP opened at $12.20 on Monday. The company’s 50-day moving average is $11.89 and its 200-day moving average is $13.67. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.43 and a quick ratio of 0.29. The firm has a market capitalization of $15.66 billion, a PE ratio of 2.55, a PEG ratio of 2.33 and a beta of 0.95. Korea Electric Power has a fifty-two week low of $11.15 and a fifty-two week high of $23.41.

Korea Electric Power (NYSE:KEP) last announced its earnings results on Wednesday, August 12th. The utilities provider reported $0.27 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.18). The company had revenue of $14.15 billion for the quarter, compared to the consensus estimate of $15.31 billion. Korea Electric Power had a return on equity of 18.25% and a net margin of 8.95%. Equities analysts forecast that Korea Electric Power will post 2.56 EPS for the current year.

Institutional Investors Weigh In On Korea Electric Power

A number of institutional investors have recently modified their holdings of the business. Smartleaf Asset Management LLC raised its holdings in shares of Korea Electric Power by 21.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,625 shares of the utilities provider’s stock worth $44,000 after buying an additional 466 shares in the last quarter. Syon Capital LLC lifted its position in shares of Korea Electric Power by 4.5% during the 4th quarter. Syon Capital LLC now owns 12,226 shares of the utilities provider’s stock worth $202,000 after buying an additional 526 shares during the last quarter. Vise Technologies Inc. boosted its stake in Korea Electric Power by 3.0% in the fourth quarter. Vise Technologies Inc. now owns 22,518 shares of the utilities provider’s stock valued at $372,000 after buying an additional 654 shares in the last quarter. Rockefeller Capital Management L.P. boosted its stake in Korea Electric Power by 47.0% in the fourth quarter. Rockefeller Capital Management L.P. now owns 2,264 shares of the utilities provider’s stock valued at $37,000 after buying an additional 724 shares in the last quarter. Finally, Coldstream Capital Management Inc. grew its position in Korea Electric Power by 6.2% in the third quarter. Coldstream Capital Management Inc. now owns 12,851 shares of the utilities provider’s stock valued at $168,000 after acquiring an additional 746 shares during the last quarter.

About Korea Electric Power

Korea Electric Power Corporation (KEPCO) is South Korea’s state-owned, integrated electric utility. The company is responsible for the transmission and distribution of electricity throughout South Korea and supplies power to residential, commercial and industrial customers.

KEPCO’s business includes electricity generation through affiliated companies, power transmission and distribution, and related energy services. Its generation-related subsidiaries include Korea Hydro & Nuclear Power, which operates nuclear and hydroelectric facilities, as well as several companies focused on thermal and renewable power generation.

Founded in 1961, KEPCO has also pursued international projects involving power generation, transmission, renewable energy and other energy infrastructure.