Korea Electric Power (NYSE:KEP) Raised to “Strong-Buy” at StockNews.com

StockNews.com upgraded shares of Korea Electric Power (NYSE:KEP) from a buy rating to a strong-buy rating in a research note issued to investors on Monday.

Korea Electric Power Trading Up 4.5%

Shares of KEP stock opened at $10.42 on Monday. The firm has a market cap of $13.38 billion, a P/E ratio of 4.82 and a beta of 0.76. The business has a 50-day moving average price of $8.41 and a two-hundred day moving average price of $7.86. 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 has a 12-month low of $6.68 and a 12-month high of $10.48.

Korea Electric Power (NYSE:KEP) last announced its quarterly earnings data on Tuesday, March 11th. The utilities provider reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $16.82 billion during the quarter, compared to analyst estimates of $17.04 billion.

Institutional Investors Weigh In On Korea Electric Power

Large investors have recently made changes to their positions in the business. Arrowstreet Capital Limited Partnership lifted its stake in Korea Electric Power by 90.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 723,844 shares of the utilities provider’s stock worth $4,980,000 after acquiring an additional 344,126 shares during the period. American Century Companies Inc. raised its holdings in Korea Electric Power by 6.5% in the 1st quarter. American Century Companies Inc. now owns 443,061 shares of the utilities provider’s stock worth $3,283,000 after purchasing an additional 26,906 shares in the last quarter. Northern Trust Corp boosted its stake in shares of Korea Electric Power by 642.2% during the 4th quarter. Northern Trust Corp now owns 383,704 shares of the utilities provider’s stock valued at $2,640,000 after purchasing an additional 332,009 shares in the last quarter. Ramirez Asset Management Inc. boosted its stake in shares of Korea Electric Power by 4.2% during the 1st quarter. Ramirez Asset Management Inc. now owns 279,980 shares of the utilities provider’s stock valued at $2,075,000 after purchasing an additional 11,215 shares in the last quarter. Finally, Millennium Management LLC grew its holdings in shares of Korea Electric Power by 65.3% during the 4th quarter. Millennium Management LLC now owns 209,626 shares of the utilities provider’s stock worth $1,442,000 after acquiring an additional 82,775 shares during the period.

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.