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

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

Korea Electric Power Stock Performance

KEP opened at $8.16 on Friday. The company has a market cap of $10.47 billion, a price-to-earnings ratio of 3.78 and a beta of 0.94. The company’s fifty day moving average price is $7.55 and its two-hundred day moving average price is $7.60. Korea Electric Power has a 1-year low of $6.68 and a 1-year high of $9.43. The company has a current ratio of 0.43, a quick ratio of 0.30 and a debt-to-equity ratio of 2.10.

Korea Electric Power (NYSE:KEP) last issued its quarterly earnings data on Tuesday, March 11th. The utilities provider reported $0.57 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $16.82 billion for the quarter, compared to analysts’ expectations of $17.04 billion.

Institutional Trading of Korea Electric Power

Several hedge funds and other institutional investors have recently bought and sold shares of KEP. Stifel Financial Corp purchased a new position in Korea Electric Power during the 3rd quarter valued at $96,000. State Street Corp increased its position in shares of Korea Electric Power by 0.9% during the third quarter. State Street Corp now owns 746,847 shares of the utilities provider’s stock valued at $5,796,000 after buying an additional 6,975 shares during the period. Sanctuary Advisors LLC bought a new position in Korea Electric Power in the fourth quarter worth about $525,000. American Century Companies Inc. lifted its holdings in Korea Electric Power by 6.4% in the fourth quarter. American Century Companies Inc. now owns 416,155 shares of the utilities provider’s stock worth $2,863,000 after buying an additional 25,018 shares during the period. Finally, Jane Street Group LLC bought a new stake in Korea Electric Power during the 3rd quarter valued at approximately $140,000.

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.