Korea Electric Power (NYSE:KEP) Upgraded to “Buy” at StockNews.com

Korea Electric Power (NYSE:KEP) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Thursday.

Korea Electric Power Stock Down 0.9 %

Shares of NYSE KEP opened at $7.66 on Thursday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.24 and a current ratio of 0.37. The stock’s 50-day simple moving average is $8.03 and its two-hundred day simple moving average is $7.68. Korea Electric Power has a twelve month low of $6.69 and a twelve month high of $9.55.

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

Hedge Funds Weigh In On Korea Electric Power

Several institutional investors have recently modified their holdings of the company. Wilmington Savings Fund Society FSB bought a new position in shares of Korea Electric Power during the 3rd quarter valued at about $35,000. Public Employees Retirement System of Ohio bought a new position in shares of Korea Electric Power during the 3rd quarter valued at about $855,000. Jane Street Group LLC bought a new position in shares of Korea Electric Power during the 3rd quarter valued at about $140,000. State Street Corp increased its position in shares of Korea Electric Power by 0.9% during the 3rd 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 during the last quarter. Finally, Stifel Financial Corp bought a new position in shares of Korea Electric Power during the 3rd 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.