StockNews.com Downgrades Korea Electric Power (NYSE:KEP) to Hold

Korea Electric Power (NYSE:KEP) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Thursday.

Korea Electric Power Price Performance

KEP stock opened at $7.26 on Thursday. The company has a quick ratio of 0.30, a current ratio of 0.43 and a debt-to-equity ratio of 2.10. The stock’s 50 day moving average is $7.48 and its two-hundred day moving average is $7.62. The company has a market capitalization of $9.31 billion, a PE ratio of 3.36 and a beta of 0.99. Korea Electric Power has a 52-week low of $6.68 and a 52-week high of $9.43.

Korea Electric Power (NYSE:KEP) last released its earnings results on Tuesday, March 11th. The utilities provider reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.02. Korea Electric Power had a net margin of 4.03% and a return on equity of 9.64%. The company had revenue of $16.82 billion during the quarter, compared to the consensus estimate of $17.04 billion.

Institutional Investors Weigh In On Korea Electric Power

A number of institutional investors have recently made changes to their positions in the company. Vise Technologies Inc. bought a new position in Korea Electric Power during the fourth quarter worth $89,000. Two Sigma Investments LP boosted its holdings in shares of Korea Electric Power by 84.4% in the 4th quarter. Two Sigma Investments LP now owns 30,809 shares of the utilities provider’s stock valued at $212,000 after buying an additional 14,100 shares during the period. Millennium Management LLC grew its position in shares of Korea Electric Power by 65.3% during the 4th quarter. Millennium Management LLC now owns 209,626 shares of the utilities provider’s stock valued at $1,442,000 after buying an additional 82,775 shares during the last quarter. D. E. Shaw & Co. Inc. raised its stake in Korea Electric Power by 45.4% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 63,594 shares of the utilities provider’s stock worth $438,000 after acquiring an additional 19,848 shares during the period. Finally, Cubist Systematic Strategies LLC bought a new position in Korea Electric Power in the fourth quarter worth about $271,000.

About Korea Electric Power

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.