Korea Electric Power (KEP) Cut to “Hold” at HSBC

HSBC lowered shares of Korea Electric Power (NYSE:KEP) from a buy rating to a hold rating in a research report sent to investors on Tuesday morning, The Fly reports.

A number of other analysts have also issued reports on KEP. Morgan Stanley lowered Korea Electric Power from an overweight rating to an equal weight rating in a report on Wednesday, November 8th. Macquarie lowered Korea Electric Power from an outperform rating to a neutral rating in a report on Friday, February 2nd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company. Korea Electric Power currently has an average rating of Hold.

Korea Electric Power (NYSE:KEP) traded up $0.15 on Tuesday, hitting $15.49. The stock had a trading volume of 180,972 shares, compared to its average volume of 433,640. The stock has a market capitalization of $19,156.21, a price-to-earnings ratio of 5.05, a P/E/G ratio of 0.98 and a beta of 0.37. Korea Electric Power has a one year low of $14.79 and a one year high of $21.59. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.92 and a quick ratio of 0.63.

Several institutional investors and hedge funds have recently added to or reduced their stakes in KEP. PNC Financial Services Group Inc. lifted its holdings in shares of Korea Electric Power by 0.3% in the second quarter. PNC Financial Services Group Inc. now owns 10,351 shares of the utilities provider’s stock valued at $185,000 after purchasing an additional 29 shares in the last quarter. Citigroup Inc. raised its holdings in shares of Korea Electric Power by 29.8% during the second quarter. Citigroup Inc. now owns 9,579 shares of the utilities provider’s stock worth $172,000 after acquiring an additional 2,201 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Korea Electric Power by 2.7% during the second quarter. Vanguard Group Inc. now owns 2,191,436 shares of the utilities provider’s stock worth $39,380,000 after acquiring an additional 57,474 shares in the last quarter. Virtu KCG Holdings LLC purchased a new stake in shares of Korea Electric Power during the second quarter worth $256,000. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Korea Electric Power by 6.3% during the second quarter. Dimensional Fund Advisors LP now owns 1,044,366 shares of the utilities provider’s stock worth $18,758,000 after acquiring an additional 61,761 shares in the last quarter. Institutional investors own 4.81% of the company’s stock.

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About Korea Electric Power

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.

The Fly

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