Korea Electric Power (NYSE:KEP) was downgraded by investment analysts at HSBC from a “buy” rating to a “hold” rating in a report issued on Tuesday, February 13th, The Fly reports.
Several other brokerages also recently commented on KEP. Morgan Stanley downgraded Korea Electric Power from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, November 8th. Macquarie downgraded Korea Electric Power from an “outperform” rating to a “neutral” rating in a research note on Friday, February 2nd. Eight investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold”.
Shares of Korea Electric Power (NYSE:KEP) traded up $0.41 during trading on Tuesday, reaching $15.63. The company had a trading volume of 380,488 shares, compared to its average volume of 449,435. The firm has a market cap of $19,862.37, a P/E ratio of 5.13, a PEG ratio of 1.01 and a beta of 0.37. Korea Electric Power has a twelve month low of $14.79 and a twelve month 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 the business. Cambridge Investment Research Advisors Inc. raised its stake in shares of Korea Electric Power by 19.4% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 153,126 shares of the utilities provider’s stock valued at $2,712,000 after purchasing an additional 24,858 shares during the period. We Are One Seven LLC bought a new position in shares of Korea Electric Power in the 4th quarter valued at about $150,000. Two Sigma Investments LP grew its holdings in shares of Korea Electric Power by 115.0% in the 4th quarter. Two Sigma Investments LP now owns 71,585 shares of the utilities provider’s stock valued at $1,268,000 after acquiring an additional 38,291 shares in the last quarter. Towle & Co. grew its holdings in shares of Korea Electric Power by 1.1% in the 4th quarter. Towle & Co. now owns 1,518,190 shares of the utilities provider’s stock valued at $26,887,000 after acquiring an additional 17,090 shares in the last quarter. Finally, Signaturefd LLC bought a new position in shares of Korea Electric Power in the 4th quarter valued at about $185,000. 4.89% of the stock is currently owned by hedge funds and other institutional investors.
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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.
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