Korea Electric Power (NYSE:KEP) Cut to Sell at StockNews.com

StockNews.com downgraded shares of Korea Electric Power (NYSE:KEP – Get Rating) from a hold rating to a sell rating in a research note issued to investors on Tuesday morning.

Korea Electric Power Stock Down 3.3 %

Korea Electric Power stock opened at $6.47 on Tuesday. The company has a current ratio of 0.67, a quick ratio of 0.44 and a debt-to-equity ratio of 1.75. The stock has a 50 day moving average of $7.52 and a two-hundred day moving average of $7.28. The stock has a market capitalization of $8.31 billion, a price-to-earnings ratio of -0.51 and a beta of 0.73. Korea Electric Power has a twelve month low of $5.76 and a twelve month high of $10.18.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Wipfli Financial Advisors LLC bought a new position in shares of Korea Electric Power during the third quarter valued at approximately $27,000. Tower Research Capital LLC TRC acquired a new position in shares of Korea Electric Power in the third quarter worth $29,000. CWM LLC increased its position in Korea Electric Power by 35.1% during the fourth quarter. CWM LLC now owns 4,908 shares of the utilities provider’s stock worth $42,000 after buying an additional 1,274 shares during the last quarter. Ronald Blue Trust Inc. increased its position in Korea Electric Power by 1,212.5% during the third quarter. Ronald Blue Trust Inc. now owns 6,943 shares of the utilities provider’s stock worth $61,000 after buying an additional 6,414 shares during the last quarter. Finally, Profund Advisors LLC acquired a new position in Korea Electric Power during the fourth quarter worth $86,000. Institutional investors and hedge funds own 1.45% of the company’s stock.

Korea Electric Power Company Profile

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Korea Electric Power Corp. engages in the generation, transmission and distribution of electricity. It operates through the following Businesses: Sale of Electric Power, Development of Electric Power Resources, Investment, and Real Estate. The company was founded on July 1, 1961 and is headquartered in Naju, South Korea.