Korea Electric Power Corporation (NYSE:KEP) Stock Rated “Reduce” by Sell-Side Analysts

Korea Electric Power Corporation (NYSE:KEP) has been assigned a consensus rating of “Reduce” from the five brokerages that are presently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company.

Several research firms have recently weighed in on KEP. Weiss Ratings upgraded Korea Electric Power from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, October 8th. Zacks Research cut Korea Electric Power from a “hold” rating to a “strong sell” rating in a research report on Wednesday, September 9th. Finally, Nomura downgraded Korea Electric Power from a “buy” rating to a “neutral” rating in a research note on Thursday, August 13th.

Korea Electric Power Trading Down 0.8%

Shares of Korea Electric Power stock opened at $10.51 on Tuesday. The firm has a market capitalization of $13.49 billion, a PE ratio of 2.45, a P/E/G ratio of 2.00 and a beta of 0.96. Korea Electric Power has a twelve month low of $10.40 and a twelve month high of $23.41. The firm’s 50-day moving average price is $11.29 and its 200 day moving average price is $14.41. The company has a current ratio of 0.44, a quick ratio of 0.29 and a debt-to-equity ratio of 1.60.

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

Institutional Investors Weigh In On Korea Electric Power

A number of large investors have recently modified their holdings of KEP. Assetmark Inc. raised its position in shares of Korea Electric Power by 119.3% in the first quarter. Assetmark Inc. now owns 644,041 shares of the utilities provider’s stock valued at $9,178,000 after buying an additional 350,337 shares during the last quarter. Quantinno Capital Management LP boosted its position in Korea Electric Power by 48.1% during the first quarter. Quantinno Capital Management LP now owns 480,867 shares of the utilities provider’s stock worth $6,852,000 after acquiring an additional 156,227 shares during the last quarter. Corient Private Wealth LP boosted its position in Korea Electric Power by 54.2% during the second quarter. Corient Private Wealth LP now owns 265,049 shares of the utilities provider’s stock worth $3,207,000 after acquiring an additional 93,194 shares during the last quarter. Bank of America Corp DE grew its stake in Korea Electric Power by 617.5% during the 1st quarter. Bank of America Corp DE now owns 249,280 shares of the utilities provider’s stock valued at $3,552,000 after acquiring an additional 214,535 shares in the last quarter. Finally, Dorsey Wright & Associates grew its stake in Korea Electric Power by 40.0% during the 1st quarter. Dorsey Wright & Associates now owns 166,344 shares of the utilities provider’s stock valued at $2,370,000 after acquiring an additional 47,526 shares in the last quarter.

Korea Electric Power Company Profile

Korea Electric Power Corporation, or KEPCO, is South Korea’s state-owned electric utility and the country’s principal provider of electricity transmission, distribution, and retail supply services. The company delivers power to residential, commercial, and industrial customers across South Korea and operates the national transmission and distribution networks.

KEPCO coordinates electricity generation through affiliated companies, including Korea Hydro & Nuclear Power, Korea South-East Power, Korea Midland Power, Korea Western Power, Korea Southern Power, and Korea East-West Power.