Korea Electric Power (NYSE:KEP) was downgraded by investment analysts at HSBC from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday, The Fly reports.
A number of other research firms have also recently weighed in on KEP. Morgan Stanley cut Korea Electric Power from an “overweight” rating to an “equal weight” rating in a report on Wednesday, November 8th. Macquarie cut Korea Electric Power from an “outperform” rating to a “neutral” rating in a report on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. Korea Electric Power presently has an average rating of “Hold”.
Korea Electric Power (NYSE KEP) traded down $0.74 during midday trading on Tuesday, hitting $14.88. The stock had a trading volume of 688,369 shares, compared to its average volume of 431,134. The stock has a market cap of $19,630.00, a PE ratio of 7.03, a PEG ratio of 0.73 and a beta of 0.37. The company has a current ratio of 0.92, a quick ratio of 0.63 and a debt-to-equity ratio of 0.63. Korea Electric Power has a fifty-two week low of $14.84 and a fifty-two week high of $21.59.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. grew its stake in shares of Korea Electric Power by 0.3% in the 2nd quarter. PNC Financial Services Group Inc. now owns 10,351 shares of the utilities provider’s stock valued at $185,000 after purchasing an additional 29 shares during the last quarter. Citigroup Inc. grew its position in Korea Electric Power by 29.8% during the second quarter. Citigroup Inc. now owns 9,579 shares of the utilities provider’s stock valued at $172,000 after acquiring an additional 2,201 shares during the period. OLD National Bancorp IN grew its position in Korea Electric Power by 24.0% during the third quarter. OLD National Bancorp IN now owns 15,238 shares of the utilities provider’s stock valued at $255,000 after acquiring an additional 2,946 shares during the period. Fulton Bank N.A. grew its position in Korea Electric Power by 18.4% during the third quarter. Fulton Bank N.A. now owns 19,872 shares of the utilities provider’s stock valued at $333,000 after acquiring an additional 3,093 shares during the period. Finally, Van ECK Associates Corp grew its position in Korea Electric Power by 5.2% during the third quarter. Van ECK Associates Corp now owns 79,642 shares of the utilities provider’s stock valued at $1,335,000 after acquiring an additional 3,967 shares during the period. Institutional investors and hedge funds own 4.81% of the company’s stock.
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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.
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