Korea Electric Power (NYSE:KEP) Upgraded to Hold at Zacks Research

Zacks Research upgraded shares of Korea Electric Power (NYSE:KEP) to a hold rating in a research note released on Wednesday,Zacks.com reports.

A number of other equities analysts have also recently issued reports on the company. Wall Street Zen raised Korea Electric Power from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 1st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Korea Electric Power in a research note on Wednesday, October 8th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Korea Electric Power presently has a consensus rating of “Hold”.

Korea Electric Power Price Performance

Shares of NYSE:KEP opened at $16.72 on Wednesday. Korea Electric Power has a one year low of $6.68 and a one year high of $17.35. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.46 and a quick ratio of 0.31. The company has a market cap of $21.46 billion, a price-to-earnings ratio of 4.76 and a beta of 0.96. The firm has a 50 day simple moving average of $14.48 and a 200 day simple moving average of $13.16.

Korea Electric Power (NYSE:KEP) last posted its earnings results on Monday, September 15th. The utilities provider reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.03. Korea Electric Power had a net margin of 6.58% and a return on equity of 15.34%. The firm had revenue of $15.70 billion for the quarter, compared to analysts’ expectations of $19.45 billion.

Institutional Trading of Korea Electric Power

Institutional investors have recently added to or reduced their stakes in the stock. Ariadne Wealth Management LP raised its holdings in Korea Electric Power by 23.0% during the 3rd quarter. Ariadne Wealth Management LP now owns 18,379 shares of the utilities provider’s stock worth $240,000 after purchasing an additional 3,439 shares during the last quarter. Coldstream Capital Management Inc. boosted its stake in shares of Korea Electric Power by 6.2% in the 3rd quarter. Coldstream Capital Management Inc. now owns 12,851 shares of the utilities provider’s stock valued at $168,000 after purchasing an additional 746 shares during the last quarter. Dorsey Wright & Associates acquired a new stake in shares of Korea Electric Power during the third quarter worth $1,454,000. NewEdge Advisors LLC raised its stake in Korea Electric Power by 13,731.5% during the third quarter. NewEdge Advisors LLC now owns 34,302 shares of the utilities provider’s stock worth $448,000 after buying an additional 34,054 shares during the last quarter. Finally, PharVision Advisers LLC bought a new position in Korea Electric Power during the third quarter worth $304,000.

About Korea Electric Power

Korea Electric Power Corporation, an integrated electric utility company, engages in the generation, transmission, and distribution of electricity in South Korea and internationally. The company operates through Transmission and Distribution, Nuclear Power Generation, Thermal Power Generation, and Others segments.