Korea Electric Power (KEP) Raised to “Hold” at Zacks Investment Research

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

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 upgraded shares of Korea Electric Power from a neutral rating to an outperform rating in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of Hold.

Korea Electric Power stock traded up $0.04 during midday trading on Friday, reaching $12.49. The stock had a trading volume of 223,371 shares, compared to its average volume of 428,904. Korea Electric Power has a twelve month low of $10.52 and a twelve month high of $18.34. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.53 and a current ratio of 0.78. The firm has a market capitalization of $16.19 billion, a price-to-earnings ratio of 13.15 and a beta of 0.57.

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

A number of hedge funds have recently added to or reduced their stakes in KEP. Lansdowne Partners UK LLP purchased a new stake in Korea Electric Power in the 2nd quarter worth approximately $15,673,000. LMR Partners LLP purchased a new stake in Korea Electric Power in the 2nd quarter worth approximately $10,321,000. JPMorgan Chase & Co. lifted its position in Korea Electric Power by 91.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 386,748 shares of the utilities provider’s stock worth $5,093,000 after buying an additional 184,757 shares in the last quarter. Moody National Bank Trust Division purchased a new stake in Korea Electric Power in the 3rd quarter worth approximately $409,000. Finally, Schroder Investment Management Group lifted its position in Korea Electric Power by 18.1% in the 2nd quarter. Schroder Investment Management Group now owns 195,558 shares of the utilities provider’s stock worth $2,814,000 after buying an additional 29,947 shares in the last quarter. Institutional investors own 4.10% of the company’s stock.

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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