Korea Electric Power (NYSE:KEP) Lifted to Buy at StockNews.com

StockNews.com upgraded shares of Korea Electric Power (NYSE:KEP) from a hold rating to a buy rating in a report published on Friday morning.

Korea Electric Power Stock Performance

NYSE KEP opened at $7.22 on Friday. The firm has a market cap of $9.27 billion, a PE ratio of 21.24 and a beta of 1.02. Korea Electric Power has a 1-year low of $5.93 and a 1-year high of $9.55. The company has a current ratio of 0.42, a quick ratio of 0.28 and a debt-to-equity ratio of 2.32. The stock has a 50-day moving average of $7.17 and a 200-day moving average of $7.74.

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

Institutional Trading of Korea Electric Power

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. CWM LLC raised its position in shares of Korea Electric Power by 13.5% in the 2nd quarter. CWM LLC now owns 11,824 shares of the utilities provider’s stock worth $84,000 after acquiring an additional 1,404 shares in the last quarter. Corient Private Wealth LLC raised its holdings in Korea Electric Power by 1.8% in the fourth quarter. Corient Private Wealth LLC now owns 111,679 shares of the utilities provider’s stock worth $810,000 after purchasing an additional 1,954 shares in the last quarter. Sivia Capital Partners LLC lifted its position in Korea Electric Power by 9.3% during the second quarter. Sivia Capital Partners LLC now owns 23,310 shares of the utilities provider’s stock valued at $165,000 after buying an additional 1,982 shares during the period. O Shaughnessy Asset Management LLC boosted its holdings in shares of Korea Electric Power by 17.7% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 15,732 shares of the utilities provider’s stock valued at $131,000 after buying an additional 2,370 shares in the last quarter. Finally, PDS Planning Inc grew its position in shares of Korea Electric Power by 11.5% in the 1st quarter. PDS Planning Inc now owns 23,462 shares of the utilities provider’s stock worth $195,000 after buying an additional 2,425 shares during the period.

Korea Electric Power Company Profile

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.