Korea Electric Power (KEP) Rating Lowered to Equal Weight at Morgan Stanley

Morgan Stanley cut shares of Korea Electric Power (NYSE:KEP) to an equal weight rating in a research note issued to investors on Tuesday, The Fly reports.

A number of other equities analysts also recently commented on the company. ValuEngine upgraded Korea Electric Power from a sell rating to a hold rating in a research note on Monday. Daiwa Capital Markets downgraded Korea Electric Power from a buy rating to a hold rating in a research note on Tuesday, May 7th. Zacks Investment Research downgraded Korea Electric Power from a buy rating to a strong sell rating in a research note on Thursday, April 25th. Finally, Jefferies Financial Group downgraded Korea Electric Power from a buy rating to a hold rating in a research note on Monday, January 28th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of $18.00.

KEP stock traded down $0.13 during midday trading on Tuesday, reaching $10.62. The company had a trading volume of 417 shares, compared to its average volume of 320,995. The company has a quick ratio of 0.57, a current ratio of 0.90 and a debt-to-equity ratio of 0.75. Korea Electric Power has a fifty-two week low of $10.52 and a fifty-two week high of $16.75. The company has a market cap of $14.06 billion, a P/E ratio of -11.42, a PEG ratio of 2.58 and a beta of 0.16.

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

Several hedge funds and other institutional investors have recently modified their holdings of the company. Comerica Bank boosted its position in shares of Korea Electric Power by 1.2% during the fourth quarter. Comerica Bank now owns 74,959 shares of the utilities provider’s stock worth $1,104,000 after buying an additional 871 shares during the period. Signaturefd LLC boosted its position in shares of Korea Electric Power by 4.8% during the first quarter. Signaturefd LLC now owns 19,182 shares of the utilities provider’s stock worth $250,000 after buying an additional 876 shares during the period. PNC Financial Services Group Inc. boosted its position in shares of Korea Electric Power by 9.7% during the first quarter. PNC Financial Services Group Inc. now owns 11,067 shares of the utilities provider’s stock worth $144,000 after buying an additional 978 shares during the period. GAM Holding AG boosted its position in shares of Korea Electric Power by 1.3% during the fourth quarter. GAM Holding AG now owns 116,653 shares of the utilities provider’s stock worth $1,721,000 after buying an additional 1,500 shares during the period. Finally, BNP Paribas Arbitrage SA boosted its position in shares of Korea Electric Power by 171.9% during the first quarter. BNP Paribas Arbitrage SA now owns 2,825 shares of the utilities provider’s stock worth $37,000 after buying an additional 1,786 shares during the period. Institutional investors and hedge funds own 3.96% of the company’s stock.

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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