Korea Electric Power (NYSE:KEP) Upgraded to “Hold” by Zacks Investment Research

Zacks Investment Research upgraded shares of Korea Electric Power (NYSE:KEP) from a sell rating to a hold rating in a report published on Friday morning, Zacks.com reports.

According to Zacks, “Korea Electric Power Corporation generates and supplies electric power to its customers, both industrial and residential. The Korean government owns the majority of the company. “

Other equities research analysts also recently issued reports about the stock. JPMorgan Chase & Co. raised shares of Korea Electric Power from a neutral rating to an overweight rating in a research note on Tuesday, November 5th. Macquarie cut shares of Korea Electric Power from a neutral rating to an underperform rating in a report on Tuesday, September 3rd. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company. Korea Electric Power currently has an average rating of Hold and a consensus price target of $18.00.

KEP opened at $11.69 on Friday. Korea Electric Power has a 1-year low of $9.90 and a 1-year high of $15.78. The company has a current ratio of 0.84, a quick ratio of 0.56 and a debt-to-equity ratio of 0.79. The company has a market cap of $15.12 billion, a P/E ratio of -12.57 and a beta of 0.39. The company has a fifty day moving average price of $11.44 and a two-hundred day moving average price of $10.99.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Morgan Stanley grew its holdings in shares of Korea Electric Power by 12.4% during the second quarter. Morgan Stanley now owns 3,515,778 shares of the utilities provider’s stock valued at $39,025,000 after buying an additional 388,353 shares during the last quarter. Donald Smith & CO. Inc. grew its holdings in shares of Korea Electric Power by 5.5% during the second quarter. Donald Smith & CO. Inc. now owns 2,265,107 shares of the utilities provider’s stock valued at $25,143,000 after buying an additional 117,683 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Korea Electric Power by 1.8% during the second quarter. Vanguard Group Inc. now owns 2,107,200 shares of the utilities provider’s stock valued at $23,390,000 after buying an additional 37,374 shares during the last quarter. Parametric Portfolio Associates LLC grew its holdings in shares of Korea Electric Power by 62.2% during the third quarter. Parametric Portfolio Associates LLC now owns 1,910,705 shares of the utilities provider’s stock valued at $20,712,000 after buying an additional 732,783 shares during the last quarter. Finally, Northern Trust Corp grew its holdings in shares of Korea Electric Power by 21.3% during the second quarter. Northern Trust Corp now owns 1,313,043 shares of the utilities provider’s stock valued at $14,575,000 after buying an additional 230,698 shares during the last quarter. Hedge funds and other institutional investors own 4.06% 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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