Korea Electric Power (NYSE:KEP) Stock Rating Lowered by StockNews.com

Korea Electric Power (NYSE:KEP) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a report issued on Wednesday.

Korea Electric Power Trading Up 1.4 %

Shares of Korea Electric Power stock opened at $7.73 on Wednesday. Korea Electric Power has a 12-month low of $6.68 and a 12-month high of $9.43. The stock has a market capitalization of $9.92 billion, a P/E ratio of 3.58 and a beta of 0.99. The company has a 50-day simple moving average of $7.44 and a 200 day simple moving average of $7.65. The company has a quick ratio of 0.30, a current ratio of 0.43 and a debt-to-equity ratio of 2.10.

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

Hedge Funds Weigh In On Korea Electric Power

Several hedge funds have recently added to or reduced their stakes in the company. Stifel Financial Corp raised its holdings in Korea Electric Power by 19.0% during 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 increased its stake 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 valued at $133,000 after purchasing an additional 2,392 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Korea Electric Power in the third quarter valued at approximately $35,000. Orion Portfolio Solutions LLC raised its holdings in Korea Electric Power by 26.0% in the fourth quarter. Orion Portfolio Solutions LLC now owns 21,895 shares of the utilities provider’s stock worth $151,000 after purchasing an additional 4,524 shares during the period. Finally, Atlas Capital Advisors Inc. boosted its position in shares of Korea Electric Power by 443.7% during the fourth quarter. Atlas Capital Advisors Inc. now owns 6,312 shares of the utilities provider’s stock worth $43,000 after purchasing an additional 5,151 shares in the last quarter.

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.