Korea Electric Power (NYSE:KEP) Upgraded by StockNews.com to Buy Rating

StockNews.com upgraded shares of Korea Electric Power (NYSE:KEP) from a hold rating to a buy rating in a research report sent to investors on Tuesday.

Korea Electric Power Price Performance

Shares of NYSE:KEP opened at $8.77 on Tuesday. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.37 and a quick ratio of 0.24. Korea Electric Power has a 1-year low of $6.69 and a 1-year high of $9.55. The company has a market capitalization of $11.26 billion, a P/E ratio of 5.59 and a beta of 1.00. The firm’s 50 day simple moving average is $7.97 and its two-hundred day simple moving average is $7.62.

Korea Electric Power (NYSE:KEP) last issued its quarterly earnings results on Monday, September 9th. The utilities provider reported $0.04 earnings per share for the quarter. Korea Electric Power had a net margin of 2.95% and a return on equity of 6.93%. The business had revenue of $14.93 billion for the quarter.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of KEP. Acadian Asset Management LLC bought a new position in Korea Electric Power during the first quarter valued at $38,000. O Shaughnessy Asset Management LLC increased its position in Korea Electric Power by 17.7% during the first quarter. O Shaughnessy Asset Management LLC now owns 15,732 shares of the utilities provider’s stock valued at $131,000 after acquiring an additional 2,370 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in Korea Electric Power by 91.4% during the first quarter. EverSource Wealth Advisors LLC now owns 6,063 shares of the utilities provider’s stock valued at $46,000 after acquiring an additional 2,895 shares during the last quarter. CWM LLC increased its position in Korea Electric Power by 13.5% during the second quarter. CWM LLC now owns 11,824 shares of the utilities provider’s stock valued at $84,000 after acquiring an additional 1,404 shares during the last quarter. Finally, Blue Trust Inc. increased its position in Korea Electric Power by 270.3% during the second quarter. Blue Trust Inc. now owns 16,862 shares of the utilities provider’s stock valued at $120,000 after acquiring an additional 12,309 shares during the last quarter.

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.