Korea Electric Power (KEP) Stock Rating Lowered by Zacks Investment Research

Zacks Investment Research downgraded shares of Korea Electric Power (NYSE:KEP) from a hold rating to a sell rating in a research report released on Wednesday.

According to Zacks, “Korea Electric Power Corporation generates and supplies electric power to its customers, both industrial and residential. The Korean government owns the majority of the company. “

Separately, Daiwa Capital Markets raised Korea Electric Power from a neutral rating to an outperform rating in a research report on Tuesday, November 13th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. Korea Electric Power has an average rating of Hold.

NYSE:KEP opened at $13.22 on Wednesday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.53 and a current ratio of 0.78. Korea Electric Power has a 12 month low of $10.52 and a 12 month high of $18.34. The stock has a market capitalization of $17.26 billion, a price-to-earnings ratio of 13.92 and a beta of 0.57.

Korea Electric Power (NYSE:KEP) last released its quarterly earnings data on Tuesday, September 11th. The utilities provider reported ($0.67) EPS for the quarter. Korea Electric Power had a net margin of 0.67% and a return on equity of 0.43%. The company had revenue of $12 billion during the quarter. Equities research analysts anticipate that Korea Electric Power will post -0.68 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Morgan Stanley increased its position in shares of Korea Electric Power by 12.3% during the third quarter. Morgan Stanley now owns 2,182,733 shares of the utilities provider’s stock worth $28,747,000 after acquiring an additional 238,395 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Korea Electric Power by 0.6% during the third quarter. Dimensional Fund Advisors LP now owns 1,132,689 shares of the utilities provider’s stock worth $14,912,000 after acquiring an additional 6,939 shares during the last quarter. Lansdowne Partners UK LLP purchased a new stake in shares of Korea Electric Power during the second quarter worth about $15,673,000. LMR Partners LLP purchased a new stake in shares of Korea Electric Power during the second quarter worth about $10,321,000. Finally, BlackRock Inc. increased its position in shares of Korea Electric Power by 1.9% during the third quarter. BlackRock Inc. now owns 489,226 shares of the utilities provider’s stock worth $6,443,000 after acquiring an additional 9,211 shares during the last quarter. 4.00% of the stock is currently owned by institutional investors and hedge funds.

Korea Electric Power Company Profile

Korea Electric Power Corporation, an integrated electric utility company, generates, transmits, and distributes electricity in Korea and internationally. The company operates through Transmission and Distribution, Electric Power Generation (Nuclear), Electric Power Generation (Non-nuclear), Plant Maintenance & Engineering Service, and Others segments.

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