Korea Electric Power (NYSE:KEP) Downgraded to Hold Rating by StockNews.com

Korea Electric Power (NYSE:KEP) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Monday.

Korea Electric Power Stock Performance

Korea Electric Power stock traded down $0.01 during midday trading on Monday, reaching $7.74. 127,948 shares of the company traded hands, compared to its average volume of 140,277. The company has a debt-to-equity ratio of 2.10, a current ratio of 0.43 and a quick ratio of 0.30. Korea Electric Power has a 12 month low of $6.68 and a 12 month high of $9.43. The firm has a market capitalization of $9.93 billion, a price-to-earnings ratio of 3.58 and a beta of 0.99. The business has a 50 day moving average of $7.37 and a two-hundred day moving average of $7.68.

Korea Electric Power (NYSE:KEP) last issued its quarterly earnings data on Tuesday, March 11th. The utilities provider reported $0.57 EPS for the quarter, topping the consensus estimate of $0.55 by $0.02. Korea Electric Power had a return on equity of 9.64% and a net margin of 4.03%. The company had revenue of $16.82 billion during the quarter, compared to analyst estimates of $17.04 billion.

Hedge Funds Weigh In On Korea Electric Power

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Wilmington Savings Fund Society FSB purchased a new stake in Korea Electric Power during the third quarter valued at approximately $35,000. Atlas Capital Advisors Inc. grew its position in shares of Korea Electric Power by 443.7% during the 4th quarter. Atlas Capital Advisors Inc. now owns 6,312 shares of the utilities provider’s stock valued at $43,000 after acquiring an additional 5,151 shares during the period. Wealthstream Advisors Inc. purchased a new stake in shares of Korea Electric Power in the 4th quarter worth $71,000. XTX Topco Ltd bought a new position in Korea Electric Power in the 4th quarter worth $78,000. Finally, Vise Technologies Inc. purchased a new position in Korea Electric Power during the fourth quarter valued at $89,000.

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.