Korea Electric Power Co. (NYSE:KEP) was the recipient of a large drop in short interest in the month of December. As of December 15th, there was short interest totalling 536,025 shares, a drop of 60.5% from the November 30th total of 1,358,201 shares. Based on an average trading volume of 354,612 shares, the short-interest ratio is presently 1.5 days.
A number of brokerages have weighed in on KEP. Morgan Stanley downgraded Korea Electric Power from an “overweight” rating to an “equal weight” rating in a report on Wednesday, November 8th. Goldman Sachs Group cut shares of Korea Electric Power from a “neutral” rating to a “sell” rating in a research report on Tuesday, September 26th. Instinet cut shares of Korea Electric Power from a “buy” rating to a “neutral” rating in a research report on Monday, September 18th. Finally, Nomura reaffirmed a “neutral” rating on shares of Korea Electric Power in a research report on Monday, September 18th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. Korea Electric Power presently has a consensus rating of “Hold”.
Several hedge funds have recently modified their holdings of the company. PNC Financial Services Group Inc. increased its stake in shares of Korea Electric Power by 0.3% during the 2nd quarter. PNC Financial Services Group Inc. now owns 10,351 shares of the utilities provider’s stock worth $185,000 after purchasing an additional 29 shares during the last quarter. Oppenheimer Asset Management Inc. increased its stake in shares of Korea Electric Power by 34.7% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 7,818 shares of the utilities provider’s stock worth $140,000 after purchasing an additional 2,014 shares during the last quarter. Citigroup Inc. grew its stake in Korea Electric Power by 29.8% in the 2nd quarter. Citigroup Inc. now owns 9,579 shares of the utilities provider’s stock valued at $172,000 after buying an additional 2,201 shares in the last quarter. D.A. Davidson & CO. grew its stake in Korea Electric Power by 35.4% in the 2nd quarter. D.A. Davidson & CO. now owns 10,760 shares of the utilities provider’s stock valued at $193,000 after buying an additional 2,812 shares in the last quarter. Finally, OLD National Bancorp IN grew its stake in Korea Electric Power by 24.0% in the 3rd quarter. OLD National Bancorp IN now owns 15,238 shares of the utilities provider’s stock valued at $255,000 after buying an additional 2,946 shares in the last quarter. Institutional investors own 4.74% of the company’s stock.
Korea Electric Power (NYSE:KEP) opened at $17.32 on Thursday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.63 and a current ratio of 0.92. Korea Electric Power has a 1 year low of $16.51 and a 1 year high of $21.59. The company has a market cap of $22,320.00, a P/E ratio of 8.02, a price-to-earnings-growth ratio of 0.82 and a beta of 0.50.
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Korea Electric Power 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.
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