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

Korea Electric Power (NYSE:KEP) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.

Korea Electric Power Price Performance

Korea Electric Power stock opened at $7.25 on Friday. The firm’s 50-day moving average is $7.43 and its two-hundred day moving average is $7.65. The company has a debt-to-equity ratio of 2.10, a current ratio of 0.43 and a quick ratio of 0.30. The stock has a market capitalization of $9.31 billion, a P/E ratio of 3.36 and a beta of 1.04. Korea Electric Power has a 12-month low of $6.68 and a 12-month high of $9.55.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in KEP. Connor Clark & Lunn Investment Management Ltd. increased its position in Korea Electric Power by 46.8% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,193,185 shares of the utilities provider’s stock worth $9,259,000 after purchasing an additional 380,145 shares during the last quarter. State Street Corp increased its holdings in shares of Korea Electric Power by 0.9% during the 3rd quarter. State Street Corp now owns 746,847 shares of the utilities provider’s stock worth $5,796,000 after buying an additional 6,975 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of Korea Electric Power in the 3rd quarter worth $855,000. Blue Trust Inc. boosted its holdings in 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 acquiring an additional 49,393 shares during the last quarter. Finally, Quantinno Capital Management LP grew its position in Korea Electric Power by 35.2% during the third quarter. Quantinno Capital Management LP now owns 98,580 shares of the utilities provider’s stock valued at $765,000 after acquiring an additional 25,641 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.