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

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

Korea Electric Power Stock Down 3.2 %

Shares of NYSE:KEP opened at $7.50 on Monday. The business’s 50 day simple moving average is $7.38 and its two-hundred day simple moving average is $7.67. The firm has a market cap of $9.62 billion, a P/E ratio of 3.47 and a beta of 0.99. The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.30 and a current ratio of 0.43. Korea Electric Power has a 52-week low of $6.68 and a 52-week high of $9.43.

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Korea Electric Power by 46.8% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,193,185 shares of the utilities provider’s stock valued at $9,259,000 after purchasing an additional 380,145 shares in the last quarter. State Street Corp lifted its holdings in shares of Korea Electric Power by 0.9% in the third quarter. State Street Corp now owns 746,847 shares of the utilities provider’s stock valued at $5,796,000 after purchasing an additional 6,975 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of 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 valued at $4,980,000 after purchasing an additional 344,126 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of 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 valued at $2,863,000 after purchasing an additional 25,018 shares in the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of Korea Electric Power by 642.2% in the fourth 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.

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.