Korea Electric Power (NYSE:KEP) Downgraded by StockNews.com to “Hold”

Korea Electric Power (NYSE:KEP) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday.

Korea Electric Power Trading Down 0.1 %

Shares of Korea Electric Power stock traded down $0.01 during trading on Monday, reaching $7.74. 127,948 shares of the stock were exchanged, compared to its average volume of 140,277. Korea Electric Power has a 1 year low of $6.68 and a 1 year high of $9.43. The firm has a market cap of $9.93 billion, a price-to-earnings ratio of 3.58 and a beta of 0.99. The company has a quick ratio of 0.30, a current ratio of 0.43 and a debt-to-equity ratio of 2.10. The stock’s fifty day moving average is $7.37 and its 200 day moving average is $7.68.

Korea Electric Power (NYSE:KEP) last announced its quarterly earnings results on Tuesday, March 11th. The utilities provider reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.02. Korea Electric Power had a return on equity of 9.64% and a net margin of 4.03%. The company had revenue of $16.82 billion during the quarter, compared to analyst estimates of $17.04 billion.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Stifel Financial Corp raised its position in shares of Korea Electric Power by 19.0% in the 4th quarter. Stifel Financial Corp now owns 14,700 shares of the utilities provider’s stock worth $101,000 after purchasing an additional 2,350 shares during the last quarter. O Shaughnessy Asset Management LLC raised its holdings in Korea Electric Power by 14.1% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 19,308 shares of the utilities provider’s stock worth $133,000 after buying an additional 2,392 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Korea Electric Power in the third quarter worth approximately $35,000. Orion Portfolio Solutions LLC increased its position in shares of Korea Electric Power by 26.0% during the fourth quarter. Orion Portfolio Solutions LLC now owns 21,895 shares of the utilities provider’s stock valued at $151,000 after acquiring an additional 4,524 shares in the last quarter. Finally, Eagle Asset Management Inc. raised its holdings in Korea Electric Power by 11.9% in the 3rd quarter. Eagle Asset Management Inc. now owns 48,153 shares of the utilities provider’s stock worth $381,000 after acquiring an additional 5,131 shares during the last quarter.

Korea Electric Power Company Profile

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.