Korea Electric Power (NYSE:KEP) Reaches New 1-Year Low at $10.36

Korea Electric Power Co. (NYSE:KEP)’s share price hit a new 52-week low during mid-day trading on Friday . The company traded as low as $10.36 and last traded at $10.41, with a volume of 5390 shares traded. The stock had previously closed at $10.72.

A number of equities research analysts have recently issued reports on KEP shares. Morgan Stanley downgraded shares of Korea Electric Power to an “equal weight” rating in a report on Tuesday, May 14th. Daiwa Capital Markets downgraded shares of Korea Electric Power from a “buy” rating to a “hold” rating in a report on Tuesday, May 7th. Nomura downgraded shares of Korea Electric Power from a “buy” rating to a “neutral” rating in a report on Thursday, June 6th. Zacks Investment Research raised shares of Korea Electric Power from a “sell” rating to a “hold” rating in a report on Friday. Finally, ValuEngine raised shares of Korea Electric Power from a “sell” rating to a “hold” rating in a report on Monday, May 13th. Six analysts have rated the stock with a hold rating, The company presently has an average rating of “Hold” and an average target price of $18.00.

The stock’s 50 day moving average is $11.11. The company has a market capitalization of $14.15 billion, a price-to-earnings ratio of -11.19, a PEG ratio of 16.95 and a beta of 0.30. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.89 and a quick ratio of 0.59.

Korea Electric Power (NYSE:KEP) last announced its earnings results on Tuesday, June 11th. The utilities provider reported ($0.55) earnings per share for the quarter. The company had revenue of $13.72 billion during the quarter. Korea Electric Power had a negative net margin of 2.90% and a negative return on equity of 2.45%. On average, equities research analysts anticipate that Korea Electric Power Co. will post 0.13 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in KEP. Bank of New York Mellon Corp purchased a new stake in Korea Electric Power in the fourth quarter valued at approximately $1,278,000. Two Sigma Advisers LP purchased a new position in shares of Korea Electric Power during the fourth quarter worth approximately $173,000. FMR LLC purchased a new position in shares of Korea Electric Power during the fourth quarter worth approximately $3,698,000. Virtu Financial LLC purchased a new position in shares of Korea Electric Power during the first quarter worth approximately $137,000. Finally, FNY Investment Advisers LLC purchased a new position in shares of Korea Electric Power during the first quarter worth approximately $119,000. 3.94% of the stock is currently owned by institutional investors and hedge funds.

About Korea Electric Power (NYSE:KEP)

Korea Electric Power Corporation, an integrated electric utility company, generates, transmits, and distributes electricity in Korea and internationally. The company operates through Transmission and Distribution, Electric Power Generation (Nuclear), Electric Power Generation (Non-nuclear), Plant Maintenance & Engineering Service, and Others segments.

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