Korea Electric Power (NYSE:KEP) Cut to “Sell” at ValuEngine

ValuEngine cut shares of Korea Electric Power (NYSE:KEP) from a hold rating to a sell rating in a research report sent to investors on Thursday, April 18th, ValuEngine reports.

A number of other equities analysts have also weighed in on the stock. Nomura upgraded shares of Korea Electric Power from a neutral rating to a buy rating in a research report on Wednesday, January 2nd. Zacks Investment Research upgraded shares of Korea Electric Power from a hold rating to a strong-buy rating and set a $18.00 target price for the company in a research report on Thursday, January 17th. Finally, Jefferies Financial Group lowered shares of Korea Electric Power from a buy rating to a hold rating in a research report on Monday, January 28th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. The company presently has an average rating of Hold and an average price target of $18.00.

Shares of KEP stock traded up $0.17 on Thursday, hitting $11.65. The stock had a trading volume of 265,198 shares, compared to its average volume of 276,404. The company has a market cap of $14.74 billion, a P/E ratio of -12.53, a P/E/G ratio of 2.70 and a beta of 0.16. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.90 and a quick ratio of 0.57. Korea Electric Power has a 12-month low of $10.52 and a 12-month high of $17.25.

Korea Electric Power (NYSE:KEP) last announced its earnings results on Monday, March 11th. The utilities provider reported ($0.56) EPS for the quarter. The firm had revenue of $13.81 billion during the quarter. Korea Electric Power had a negative net margin of 2.03% and a negative return on equity of 1.74%. As a group, research analysts expect that Korea Electric Power will post 0.85 earnings per share for the current fiscal year.

Several institutional investors have recently made changes to their positions in the company. FMR LLC purchased a new stake in Korea Electric Power in the fourth quarter valued at approximately $3,698,000. Morgan Stanley raised its stake in Korea Electric Power by 12.3% in the third quarter. Morgan Stanley now owns 2,182,733 shares of the utilities provider’s stock valued at $28,747,000 after purchasing an additional 238,395 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Korea Electric Power by 26.4% in the first quarter. JPMorgan Chase & Co. now owns 985,524 shares of the utilities provider’s stock valued at $12,821,000 after purchasing an additional 205,756 shares in the last quarter. Federated Investors Inc. PA purchased a new stake in Korea Electric Power in the third quarter valued at approximately $2,624,000. Finally, Acadian Asset Management LLC purchased a new stake in Korea Electric Power in the first quarter valued at approximately $2,185,000. 3.95% of the stock is currently owned by hedge funds and other institutional investors.

Korea Electric Power Company Profile

Korea Electric Power Corporation, an integrated electric utility company, generates, transmits, and distributes electricity in Korea and internationally. The company operates through Transmission and Distribution, Electric Power Generation (Nuclear), Electric Power Generation (Non-nuclear), Plant Maintenance & Engineering Service, and Others segments.

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