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

Korea Electric Power (NYSE:KEP) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Thursday.

Korea Electric Power Stock Down 3.5 %

Shares of Korea Electric Power stock opened at $7.92 on Thursday. The company has a 50-day simple moving average of $7.94 and a two-hundred day simple moving average of $7.58. Korea Electric Power has a one year low of $6.36 and a one year high of $9.55. The company has a current ratio of 0.37, a quick ratio of 0.24 and a debt-to-equity ratio of 0.30.

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

Institutional Investors Weigh In On Korea Electric Power

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Acadian Asset Management LLC acquired a new position in shares of Korea Electric Power during the first quarter valued at about $38,000. EverSource Wealth Advisors LLC increased its stake in Korea Electric Power by 91.4% during the 1st quarter. EverSource Wealth Advisors LLC now owns 6,063 shares of the utilities provider’s stock valued at $46,000 after purchasing an additional 2,895 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Korea Electric Power by 114.7% in the third quarter. GAMMA Investing LLC now owns 6,339 shares of the utilities provider’s stock worth $49,000 after buying an additional 3,386 shares during the last quarter. CWM LLC lifted its stake in shares of Korea Electric Power by 13.5% during the second quarter. CWM LLC now owns 11,824 shares of the utilities provider’s stock worth $84,000 after buying an additional 1,404 shares during the period. Finally, Atomi Financial Group Inc. grew its holdings in shares of Korea Electric Power by 14.3% during the third quarter. Atomi Financial Group Inc. now owns 13,632 shares of the utilities provider’s stock valued at $106,000 after buying an additional 1,704 shares during the last quarter.

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.