Korea Electric Power Co. (KEP) Given Average Recommendation of “Hold” by Brokerages

Shares of Korea Electric Power Co. (NYSE:KEP) have been assigned a consensus recommendation of “Hold” from the nine brokerages that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and three have issued a buy recommendation on the company.

Several equities analysts have weighed in on the stock. Goldman Sachs Group downgraded shares of Korea Electric Power from a “neutral” rating to a “sell” rating in a report on Tuesday, September 26th. Morgan Stanley downgraded shares of Korea Electric Power from an “overweight” rating to an “equal weight” rating in a report on Wednesday, November 8th. Instinet downgraded shares of Korea Electric Power from a “buy” rating to a “neutral” rating in a report on Monday, September 18th. Finally, Nomura reaffirmed a “neutral” rating on shares of Korea Electric Power in a report on Monday, September 18th.

A number of large investors have recently modified their holdings of KEP. Schwab Charles Investment Management Inc. lifted its holdings in Korea Electric Power by 18.6% during the second quarter. Schwab Charles Investment Management Inc. now owns 327,800 shares of the utilities provider’s stock valued at $5,891,000 after purchasing an additional 51,400 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its holdings in Korea Electric Power by 34.7% during the second quarter. Oppenheimer Asset Management Inc. now owns 7,818 shares of the utilities provider’s stock valued at $140,000 after purchasing an additional 2,014 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Korea Electric Power by 48.9% in the second quarter. JPMorgan Chase & Co. now owns 203,398 shares of the utilities provider’s stock worth $3,655,000 after buying an additional 66,775 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Korea Electric Power by 4.8% in the second quarter. Wells Fargo & Company MN now owns 486,931 shares of the utilities provider’s stock worth $8,750,000 after buying an additional 22,515 shares in the last quarter. Finally, Silchester International Investors LLP lifted its holdings in shares of Korea Electric Power by 11.8% in the second quarter. Silchester International Investors LLP now owns 28,979,640 shares of the utilities provider’s stock worth $520,764,000 after buying an additional 3,050,535 shares in the last quarter. 4.74% of the stock is currently owned by institutional investors and hedge funds.

Korea Electric Power (NYSE KEP) traded down $0.07 on Friday, hitting $17.60. 283,600 shares of the company were exchanged, compared to its average volume of 261,567. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.63 and a current ratio of 0.92. The stock has a market capitalization of $22,450.00, a P/E ratio of 8.11, a price-to-earnings-growth ratio of 0.82 and a beta of 0.50. Korea Electric Power has a one year low of $16.51 and a one year high of $21.59.

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Korea Electric Power Company Profile

Korea Electric Power Corporation (KEPCO) is an integrated electric utility company engaged in the transmission and distribution of electricity in the Republic of Korea. Its segments include transmission and distribution, nuclear power generation and thermal power generation and all others . The transmission and distribution segment, which is operated by KEPCO, comprise operations related to the transmission, distribution and sale to end-users of electricity.

Analyst Recommendations for Korea Electric Power (NYSE:KEP)

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