Korea Electric Power (NYSE:KEP) Downgraded to “Hold” Rating by StockNews.com

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

Korea Electric Power Stock Up 1.0 %

KEP stock opened at $7.34 on Friday. The company has a current ratio of 0.43, a quick ratio of 0.30 and a debt-to-equity ratio of 2.10. Korea Electric Power has a 1-year low of $6.68 and a 1-year high of $9.55. The business’s 50 day moving average is $7.53 and its 200-day moving average is $7.66.

Hedge Funds Weigh In On Korea Electric Power

A number of institutional investors and hedge funds have recently bought and sold shares of KEP. Connor Clark & Lunn Investment Management Ltd. lifted its position in Korea Electric Power by 46.8% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,193,185 shares of the utilities provider’s stock worth $9,259,000 after buying an additional 380,145 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of Korea Electric Power during the third quarter worth approximately $855,000. Sei Investments Co. bought a new stake in shares of Korea Electric Power during the second quarter valued at approximately $462,000. Blue Trust Inc. increased its holdings in shares of Korea Electric Power by 98.8% in the fourth quarter. Blue Trust Inc. now owns 99,399 shares of the utilities provider’s stock valued at $684,000 after purchasing an additional 49,393 shares in the last quarter. Finally, American Century Companies Inc. lifted its holdings in Korea Electric Power by 11.8% during the 2nd quarter. American Century Companies Inc. now owns 339,562 shares of the utilities provider’s stock worth $2,407,000 after buying an additional 35,973 shares in the last quarter.

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.