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

StockNews.com downgraded shares of Korea Electric Power (NYSE:KEP) from a buy rating to a hold rating in a research report released on Friday.

Korea Electric Power Stock Performance

KEP opened at $7.34 on Friday. The company has a fifty day moving average price of $7.55 and a two-hundred day moving average price of $7.65. The company has a quick ratio of 0.30, a current ratio of 0.43 and a debt-to-equity ratio of 2.10. Korea Electric Power has a 52 week low of $6.68 and a 52 week high of $9.55.

Hedge Funds Weigh In On Korea Electric Power

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Blue Trust Inc. raised its position in shares of Korea Electric Power by 98.8% in the 4th quarter. Blue Trust Inc. now owns 99,399 shares of the utilities provider’s stock valued at $684,000 after acquiring an additional 49,393 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in Korea Electric Power in the third quarter worth $35,000. Public Employees Retirement System of Ohio bought a new position in shares of Korea Electric Power during the third quarter worth $855,000. Jane Street Group LLC acquired a new position in shares of Korea Electric Power in the 3rd quarter valued at $140,000. Finally, State Street Corp increased its position in shares of Korea Electric Power by 0.9% in the 3rd quarter. State Street Corp now owns 746,847 shares of the utilities provider’s stock valued at $5,796,000 after buying an additional 6,975 shares in the last quarter.

About Korea Electric Power

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.