Wall Street Zen Downgrades Korea Electric Power (NYSE:KEP) to Buy

Korea Electric Power (NYSE:KEP) was downgraded by investment analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a report released on Saturday.

Korea Electric Power Stock Up 1.0%

Korea Electric Power stock opened at $13.89 on Friday. The company has a 50-day simple moving average of $13.06 and a 200-day simple moving average of $10.06. The firm has a market capitalization of $17.83 billion, a P/E ratio of 4.76 and a beta of 0.95. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.32 and a current ratio of 0.47. Korea Electric Power has a one year low of $6.68 and a one year high of $15.19.

Korea Electric Power (NYSE:KEP) last released its quarterly earnings results on Tuesday, June 17th. The utilities provider reported $1.25 EPS for the quarter, topping the consensus estimate of $0.90 by $0.35. The business had revenue of $16.67 billion during the quarter, compared to analyst estimates of $17.04 billion. Korea Electric Power had a net margin of 5.53% and a return on equity of 13.16%.

Institutional Investors Weigh In On Korea Electric Power

Several hedge funds and other institutional investors have recently added to or reduced their stakes in KEP. Arrowstreet Capital Limited Partnership lifted its holdings in Korea Electric Power by 22.0% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,201,548 shares of the utilities provider’s stock valued at $17,110,000 after acquiring an additional 216,828 shares during the last quarter. American Century Companies Inc. lifted its holdings in Korea Electric Power by 19.8% in the 2nd quarter. American Century Companies Inc. now owns 530,743 shares of the utilities provider’s stock valued at $7,558,000 after acquiring an additional 87,682 shares during the last quarter. Northern Trust Corp lifted its holdings in Korea Electric Power by 642.2% in the 4th quarter. Northern Trust Corp now owns 383,704 shares of the utilities provider’s stock valued at $2,640,000 after acquiring an additional 332,009 shares during the last quarter. Bank of America Corp DE lifted its holdings in Korea Electric Power by 133.7% in the 2nd quarter. Bank of America Corp DE now owns 371,494 shares of the utilities provider’s stock valued at $5,290,000 after acquiring an additional 212,515 shares during the last quarter. Finally, Ramirez Asset Management Inc. lifted its holdings in Korea Electric Power by 4.2% in the 1st quarter. Ramirez Asset Management Inc. now owns 279,980 shares of the utilities provider’s stock valued at $2,075,000 after acquiring an additional 11,215 shares during the last quarter.

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.