Korea Electric Power Corporation (NYSE:KEP) Receives Average Recommendation of “Reduce” from Analysts

Korea Electric Power Corporation (NYSE:KEP) has earned an average rating of “Reduce” from the five ratings firms that are covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation and three have issued a hold recommendation on the company.

KEP has been the topic of several recent analyst reports. Nomura cut Korea Electric Power from a “buy” rating to a “neutral” rating in a report on Thursday, August 13th. Zacks Research lowered Korea Electric Power from a “hold” rating to a “strong sell” rating in a research note on Wednesday, September 9th. Finally, Weiss Ratings cut Korea Electric Power from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, August 20th.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Assetmark Inc. lifted its holdings in Korea Electric Power by 119.3% in the 1st quarter. Assetmark Inc. now owns 644,041 shares of the utilities provider’s stock valued at $9,178,000 after acquiring an additional 350,337 shares during the last quarter. Capital Wealth Planning LLC grew its stake in shares of Korea Electric Power by 56.6% in the 4th quarter. Capital Wealth Planning LLC now owns 595,498 shares of the utilities provider’s stock worth $9,921,000 after purchasing an additional 215,150 shares during the last quarter. Quantinno Capital Management LP grew its stake in shares of Korea Electric Power by 48.1% in the 1st quarter. Quantinno Capital Management LP now owns 480,867 shares of the utilities provider’s stock worth $6,852,000 after purchasing an additional 156,227 shares during the last quarter. Corient Private Wealth LP raised its holdings in shares of Korea Electric Power by 54.2% in the 2nd quarter. Corient Private Wealth LP now owns 265,049 shares of the utilities provider’s stock worth $3,207,000 after purchasing an additional 93,194 shares in the last quarter. Finally, Bank of America Corp DE raised its holdings 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 worth $3,552,000 after purchasing an additional 214,535 shares in the last quarter.

Korea Electric Power Stock Up 1.2%

Korea Electric Power stock opened at $11.31 on Friday. The stock has a market cap of $14.52 billion, a price-to-earnings ratio of 2.64, a PEG ratio of 2.11 and a beta of 0.96. The company has a current ratio of 0.44, a quick ratio of 0.29 and a debt-to-equity ratio of 1.60. The company’s 50-day moving average price is $11.64 and its two-hundred day moving average price is $12.86. Korea Electric Power has a 52 week low of $10.77 and a 52 week high of $23.41.

Korea Electric Power (NYSE:KEP) last issued its quarterly earnings results on Tuesday, September 15th. The utilities provider reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.89). The company had revenue of $14.60 billion during the quarter, compared to analyst estimates of $19.67 billion. Korea Electric Power had a return on equity of 15.70% and a net margin of 8.15%. On average, analysts expect that Korea Electric Power will post 2.59 EPS for the current fiscal year.

About Korea Electric Power

Korea Electric Power Corporation, commonly known as KEPCO, is South Korea’s state-owned electric utility. The company is responsible for the transmission and distribution of electricity across the country and supplies power to residential, commercial and industrial customers.

KEPCO’s activities include managing the national electricity grid, operating power-generation businesses through affiliated companies and developing energy infrastructure. Its generation-related operations span nuclear, coal, natural gas, renewable energy and other sources, while its subsidiaries include major South Korean power producers such as Korea Hydro & Nuclear Power.

Established in 1982, KEPCO has also pursued overseas projects involving power generation, transmission and distribution.