Korea Electric Power (NYSE:KEP) Raised to Buy at StockNews.com

StockNews.com upgraded shares of Korea Electric Power (NYSE:KEP) from a hold rating to a buy rating in a report published on Tuesday morning.

Korea Electric Power Trading Up 2.6 %

NYSE KEP opened at $8.77 on Tuesday. The company’s 50-day moving average price is $7.97 and its 200-day moving average price is $7.62. The company has a current ratio of 0.37, a quick ratio of 0.24 and a debt-to-equity ratio of 0.30. The stock has a market cap of $11.26 billion, a PE ratio of 5.59 and a beta of 1.00. Korea Electric Power has a 12 month low of $6.69 and a 12 month high of $9.55.

Korea Electric Power (NYSE:KEP) last released its quarterly earnings data on Monday, September 9th. The utilities provider reported $0.04 earnings per share for the quarter. Korea Electric Power had a net margin of 2.95% and a return on equity of 6.93%. The company had revenue of $14.93 billion during the quarter.

Institutional Trading of Korea Electric Power

Hedge funds have recently added to or reduced their stakes in the business. Wilmington Savings Fund Society FSB purchased a new stake in shares of Korea Electric Power during the third quarter valued at about $35,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Korea Electric Power during the third quarter valued at about $855,000. Jane Street Group LLC purchased a new stake in shares of Korea Electric Power during the third quarter valued at about $140,000. State Street Corp lifted 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 last quarter. Finally, Stifel Financial Corp purchased a new stake in shares of Korea Electric Power during the third quarter valued at about $96,000.

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.