Korea Electric Power (NYSE:KEP) Cut to Hold at StockNews.com

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

Korea Electric Power Price Performance

Shares of KEP opened at $7.54 on Monday. Korea Electric Power has a 1-year low of $6.68 and a 1-year high of $9.43. The company has a market cap of $9.67 billion, a price-to-earnings ratio of 3.49 and a beta of 0.99. The company’s fifty day simple moving average is $7.39 and its 200 day simple moving average is $7.67. The company has a current ratio of 0.43, a quick ratio of 0.30 and a debt-to-equity ratio of 2.10.

Korea Electric Power (NYSE:KEP) last announced its earnings results on Tuesday, March 11th. The utilities provider reported $0.57 earnings per share (EPS) for the quarter, beating 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 company had revenue of $16.82 billion during the quarter, compared to analysts’ expectations of $17.04 billion.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in KEP. Connor Clark & Lunn Investment Management Ltd. increased its position in Korea Electric Power by 46.8% during the 3rd 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 during the period. Eagle Asset Management Inc. increased its position in Korea Electric Power by 11.9% during the 3rd quarter. Eagle Asset Management Inc. now owns 48,153 shares of the utilities provider’s stock valued at $381,000 after purchasing an additional 5,131 shares during the period. Cerity Partners LLC increased its position in Korea Electric Power by 57.7% during the 3rd quarter. Cerity Partners LLC now owns 76,185 shares of the utilities provider’s stock valued at $591,000 after purchasing an additional 27,870 shares during the period. FMR LLC increased its position in Korea Electric Power by 12.8% during the 3rd quarter. FMR LLC now owns 68,773 shares of the utilities provider’s stock valued at $534,000 after purchasing an additional 7,787 shares during the period. Finally, Townsquare Capital LLC acquired a new stake in Korea Electric Power during the 3rd quarter valued at approximately $142,000.

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.