Korea Electric Power (NYSE:KEP) Downgraded by StockNews.com to Hold

StockNews.com downgraded shares of Korea Electric Power (NYSE:KEP) from a buy rating to a hold rating in a report released on Wednesday morning.

Korea Electric Power Stock Performance

KEP stock opened at $7.66 on Wednesday. The company has a quick ratio of 0.30, a current ratio of 0.43 and a debt-to-equity ratio of 2.10. The firm has a market cap of $9.83 billion, a price-to-earnings ratio of 3.54 and a beta of 0.99. The business’s fifty day simple moving average is $7.45 and its two-hundred day simple moving average is $7.65. Korea Electric Power has a twelve month low of $6.68 and a twelve month high of $9.43.

Korea Electric Power (NYSE:KEP) last issued its 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 company had revenue of $16.82 billion for the quarter, compared to analysts’ expectations of $17.04 billion. Korea Electric Power had a net margin of 4.03% and a return on equity of 9.64%.

Hedge Funds Weigh In On Korea Electric Power

A number of large investors have recently made changes to their positions in the business. State Street Corp grew its holdings 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 last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of Korea Electric Power by 90.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 723,844 shares of the utilities provider’s stock worth $4,980,000 after purchasing an additional 344,126 shares during the last quarter. American Century Companies Inc. boosted its stake 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 worth $2,863,000 after acquiring an additional 25,018 shares during the last quarter. Northern Trust Corp raised its position 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 buying an additional 332,009 shares during the last quarter. Finally, Millennium Management LLC grew its position in shares of Korea Electric Power by 65.3% in the fourth quarter. Millennium Management LLC now owns 209,626 shares of the utilities provider’s stock valued at $1,442,000 after purchasing an additional 82,775 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.