Korea Electric Power Corporation (KEP) Receives Average Recommendation of “Hold” from Brokerages

Shares of Korea Electric Power Corporation (NYSE:KEP) have received a consensus rating of “Hold” from the nine research firms that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company.

A number of equities analysts have weighed in on the stock. BidaskClub raised shares of Korea Electric Power Corporation from a “strong sell” rating to a “sell” rating in a research note on Monday, July 24th. HSBC Holdings plc raised shares of Korea Electric Power Corporation from a “hold” rating to a “buy” rating in a research note on Monday, July 31st. Morgan Stanley raised shares of Korea Electric Power Corporation from an “equal weight” rating to an “overweight” rating in a research note on Monday, July 10th. Instinet downgraded shares of Korea Electric Power Corporation from a “buy” rating to a “neutral” rating in a research note on Monday, September 18th. Finally, Nomura reaffirmed a “neutral” rating on shares of Korea Electric Power Corporation in a research note on Monday, September 18th.

Korea Electric Power Corporation (NYSE:KEP) traded up 0.40% on Friday, hitting $17.45. 538,650 shares of the stock traded hands. Korea Electric Power Corporation has a 12-month low of $16.51 and a 12-month high of $22.52. The stock has a 50-day moving average price of $17.45 and a 200 day moving average price of $18.77. The stock has a market cap of $22.40 billion, a P/E ratio of 5.81 and a beta of 0.47.

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Hedge funds and other institutional investors have recently made changes to their positions in the business. Virtu KCG Holdings LLC bought a new position in shares of Korea Electric Power Corporation in the second quarter worth about $256,000. Silchester International Investors LLP raised its stake in shares of Korea Electric Power Corporation by 11.8% in the second quarter. Silchester International Investors LLP now owns 28,979,640 shares of the utilities provider’s stock worth $520,764,000 after acquiring an additional 3,050,535 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Korea Electric Power Corporation by 21.5% in the first quarter. PNC Financial Services Group Inc. now owns 10,322 shares of the utilities provider’s stock worth $215,000 after acquiring an additional 1,825 shares during the last quarter. Renaissance Group LLC raised its stake in shares of Korea Electric Power Corporation by 9.5% in the second quarter. Renaissance Group LLC now owns 667,364 shares of the utilities provider’s stock worth $11,993,000 after acquiring an additional 57,678 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its stake in shares of Korea Electric Power Corporation by 30.2% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 102,950 shares of the utilities provider’s stock worth $1,850,000 after acquiring an additional 23,851 shares during the last quarter. 4.47% of the stock is owned by institutional investors.

Korea Electric Power Corporation Company Profile

Korea Electric Power Corporation (KEPCO) is an integrated electric utility company engaged in the transmission and distribution of electricity in the Republic of Korea. Its segments include transmission and distribution, nuclear power generation and thermal power generation and all others . The transmission and distribution segment, which is operated by KEPCO, comprise operations related to the transmission, distribution and sale to end-users of electricity.

Analyst Recommendations for Korea Electric Power Corporation (NYSE:KEP)

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