Korea Electric Power (NYSE:KEP) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Korea Electric Power (NYSE:KEP) from a hold rating to a buy rating in a research note released on Thursday morning.

Korea Electric Power Stock Down 3.0 %

Shares of NYSE:KEP opened at $8.09 on Thursday. Korea Electric Power has a 1 year low of $5.93 and a 1 year high of $9.55. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.42 and a quick ratio of 0.28. The business’s 50-day moving average is $7.45 and its 200-day moving average is $7.76. The company has a market capitalization of $10.39 billion, a price-to-earnings ratio of 23.79 and a beta of 1.01.

Korea Electric Power (NYSE:KEP) last issued its quarterly earnings results on Thursday, June 13th. The utilities provider reported $0.33 earnings per share (EPS) for the quarter. The firm had revenue of $17.52 billion for the quarter. Korea Electric Power had a return on equity of 1.50% and a net margin of 0.64%.

Institutional Investors Weigh In On Korea Electric Power

Several hedge funds and other institutional investors have recently bought and sold shares of KEP. Blue Trust Inc. grew its stake in shares of Korea Electric Power by 270.3% in the 2nd quarter. Blue Trust Inc. now owns 16,862 shares of the utilities provider’s stock valued at $120,000 after buying an additional 12,309 shares during the period. Sequoia Financial Advisors LLC increased its holdings in shares of Korea Electric Power by 10.4% during the first quarter. Sequoia Financial Advisors LLC now owns 51,570 shares of the utilities provider’s stock valued at $430,000 after acquiring an additional 4,842 shares in the last quarter. PDS Planning Inc raised its position in shares of Korea Electric Power by 11.5% during the first quarter. PDS Planning Inc now owns 23,462 shares of the utilities provider’s stock worth $195,000 after purchasing an additional 2,425 shares during the period. BNP Paribas Financial Markets lifted its holdings in shares of Korea Electric Power by 10.7% in the 1st quarter. BNP Paribas Financial Markets now owns 30,899 shares of the utilities provider’s stock worth $257,000 after purchasing an additional 2,992 shares in the last quarter. Finally, Acadian Asset Management LLC acquired a new stake in Korea Electric Power in the 1st quarter valued at $38,000.

About Korea Electric Power

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.