Korea Electric Power (NYSE:KEP) Hits New 12-Month Low – What’s Next?

Korea Electric Power Corporation (NYSE:KEP) shares hit a new 52-week low during mid-day trading on Monday. The company traded as low as $10.40 and last traded at $10.4450, with a volume of 56,836 shares changing hands. The stock had previously closed at $10.59.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on KEP shares. Nomura cut shares of Korea Electric Power from a “buy” rating to a “neutral” rating in a research report on Thursday, August 13th. Weiss Ratings upgraded shares of Korea Electric Power from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, October 8th. Finally, Zacks Research cut shares of Korea Electric Power from a “hold” rating to a “strong sell” rating in a research note on Wednesday, September 9th. Three research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Korea Electric Power presently has an average rating of “Reduce”.

Korea Electric Power Stock Down 1.3%

The company has a quick ratio of 0.29, a current ratio of 0.44 and a debt-to-equity ratio of 1.60. The company has a fifty day moving average price of $11.29 and a 200-day moving average price of $12.47. The stock has a market capitalization of $13.42 billion, a P/E ratio of 2.44, a PEG ratio of 2.00 and a beta of 0.96.

Korea Electric Power (NYSE:KEP) last announced its quarterly earnings results on Tuesday, September 15th. The utilities provider reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.89). Korea Electric Power had a net margin of 8.15% and a return on equity of 15.70%. The firm had revenue of $14.60 billion for the quarter, compared to the consensus estimate of $19.67 billion. As a group, research analysts forecast that Korea Electric Power Corporation will post 2.59 EPS for the current fiscal year.

Institutional Trading of Korea Electric Power

Several hedge funds have recently modified their holdings of KEP. Rockefeller Capital Management L.P. increased its stake in shares of Korea Electric Power by 47.0% during 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 during the period. Global Trust Asset Management LLC purchased a new stake in Korea Electric Power in the first quarter worth about $28,000. Inspire Investing LLC lifted its stake in Korea Electric Power by 30.8% in the third quarter. Inspire Investing LLC now owns 8,803 shares of the utilities provider’s stock worth $96,000 after acquiring an additional 2,071 shares during the period. Sanctuary Advisors LLC grew its holdings in Korea Electric Power by 5.8% during the 1st quarter. Sanctuary Advisors LLC now owns 44,565 shares of the utilities provider’s stock worth $635,000 after acquiring an additional 2,427 shares in the last quarter. Finally, Sequoia Financial Advisors LLC grew its holdings in Korea Electric Power by 5.8% during the 1st quarter. Sequoia Financial Advisors LLC now owns 67,637 shares of the utilities provider’s stock worth $964,000 after acquiring an additional 3,696 shares in the last quarter.

About Korea Electric Power

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.