Korea Electric Power (NYSE:KEP) Lifted to “Hold” at StockNews.com

Korea Electric Power (NYSE:KEP – Get Rating) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Tuesday.

Korea Electric Power Stock Performance

NYSE KEP opened at $7.03 on Tuesday. The company has a market capitalization of $9.03 billion, a price-to-earnings ratio of -0.48 and a beta of 0.76. Korea Electric Power has a twelve month low of $5.76 and a twelve month high of $9.50. The stock has a fifty day simple moving average of $7.02 and a 200 day simple moving average of $7.41. The company has a quick ratio of 0.45, a current ratio of 0.67 and a debt-to-equity ratio of 2.34.

Korea Electric Power (NYSE:KEP – Get Rating) last issued its quarterly earnings results on Monday, March 13th. The utilities provider reported ($4.46) earnings per share for the quarter. Korea Electric Power had a negative return on equity of 48.33% and a negative net margin of 34.31%. The business had revenue of $14.37 billion for the quarter.

Hedge Funds Weigh In On Korea Electric Power

Large investors have recently added to or reduced their stakes in the business. Kopernik Global Investors LLC lifted its position in Korea Electric Power by 2.4% in the 3rd quarter. Kopernik Global Investors LLC now owns 1,660,792 shares of the utilities provider’s stock valued at $11,293,000 after acquiring an additional 39,326 shares in the last quarter. Creative Planning bought a new position in Korea Electric Power in the 3rd quarter valued at about $325,000. Crossmark Global Holdings Inc. lifted its position in Korea Electric Power by 49.6% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 24,961 shares of the utilities provider’s stock valued at $170,000 after acquiring an additional 8,281 shares in the last quarter. West Family Investments Inc. lifted its position in Korea Electric Power by 65.9% in the 4th quarter. West Family Investments Inc. now owns 45,044 shares of the utilities provider’s stock valued at $389,000 after acquiring an additional 17,886 shares in the last quarter. Finally, CWM LLC lifted its position in Korea Electric Power by 35.1% in the 4th quarter. CWM LLC now owns 4,908 shares of the utilities provider’s stock valued at $42,000 after acquiring an additional 1,274 shares in the last quarter. Institutional investors own 1.45% of the company’s stock.

About Korea Electric Power

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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.