Korea Electric Power (NYSE:KEP) Stock Rating Lowered by StockNews.com

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

Korea Electric Power Stock Down 3.5 %

Korea Electric Power stock opened at $7.92 on Thursday. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.37 and a quick ratio of 0.24. Korea Electric Power has a 1-year low of $6.36 and a 1-year high of $9.55. The company’s 50-day moving average is $7.94 and its 200 day moving average is $7.58.

Korea Electric Power (NYSE:KEP) last issued its quarterly earnings results on Monday, September 9th. The utilities provider reported $0.04 earnings per share for the quarter. Korea Electric Power had a return on equity of 6.93% and a net margin of 2.95%. The firm had revenue of $14.93 billion for the quarter.

Institutional Trading of Korea Electric Power

A number of large investors have recently made changes to their positions in the stock. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of 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 acquiring an additional 380,145 shares during the period. Sei Investments Co. bought a new position in Korea Electric Power in the second quarter worth approximately $462,000. American Century Companies Inc. grew its stake in Korea Electric Power by 11.8% in the second quarter. American Century Companies Inc. now owns 339,562 shares of the utilities provider’s stock worth $2,407,000 after purchasing an additional 35,973 shares in the last quarter. Blue Trust Inc. increased its holdings in Korea Electric Power by 196.6% during the 3rd quarter. Blue Trust Inc. now owns 50,006 shares of the utilities provider’s stock worth $355,000 after purchasing an additional 33,144 shares during the period. Finally, Private Advisor Group LLC bought a new stake in Korea Electric Power during the 3rd quarter valued at $114,000.

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.