Korea Electric Power Corporation (NYSE:KEP) Receives Average Recommendation of "Reduce" from Brokerages

Key Points

• Brokerages rate Korea Electric Power “Reduce”: Of five analysts covering the stock, one recommends selling and four recommend holding. Recent actions included downgrades from Morgan Stanley and Nomura, while Zacks Research upgraded the stock from “strong sell” to “hold.”
• Quarterly results missed expectations: Korea Electric Power reported $0.27 in quarterly EPS versus the $0.45 consensus estimate, while revenue of $14.15 billion fell short of the expected $15.31 billion.
• Shares remain near their 12-month low: KEP opened at $11.94, compared with a 12-month range of $11.15 to $23.41, and its 200-day moving average was $14.01. The company also carries relatively high leverage, with a debt-to-equity ratio of 1.56.

Korea Electric Power Corporation (NYSE:KEP - Get Free Report) has been assigned a consensus rating of "Reduce" from the five research firms that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating and four have given a hold rating to the company.

Several research analysts recently issued reports on KEP shares. Zacks Research raised Korea Electric Power from a "strong sell" rating to a "hold" rating in a research note on Tuesday, August 11th. Weiss Ratings lowered Korea Electric Power from a "hold (c+)" rating to a "hold (c)" rating in a research report on Thursday, August 20th. Morgan Stanley cut Korea Electric Power from an "equal weight" rating to an "underweight" rating in a report on Tuesday, May 19th. Finally, Nomura downgraded Korea Electric Power from a "buy" rating to a "neutral" rating in a research report on Thursday, August 13th.

Korea Electric Power Stock Performance

KEP stock opened at $11.94 on Monday. The company has a market capitalization of $15.33 billion, a PE ratio of 2.50, a P/E/G ratio of 2.28 and a beta of 0.95. Korea Electric Power has a 12 month low of $11.15 and a 12 month high of $23.41. The firm's 50-day moving average is $11.91 and its 200 day moving average is $14.01. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.43 and a quick ratio of 0.29.

Korea Electric Power (NYSE:KEP - Get Free Report) last released its quarterly earnings data on Wednesday, August 12th. The utilities provider reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.18). The company had revenue of $14.15 billion during the quarter, compared to analysts' expectations of $15.31 billion. Korea Electric Power had a net margin of 8.95% and a return on equity of 18.25%. On average, research analysts anticipate that Korea Electric Power will post 2.56 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Global Trust Asset Management LLC purchased a new stake in shares of Korea Electric Power in the 1st quarter worth approximately $28,000. Rockefeller Capital Management L.P. increased its holdings in Korea Electric Power by 47.0% during the fourth quarter. Rockefeller Capital Management L.P. now owns 2,264 shares of the utilities provider's stock valued at $37,000 after buying an additional 724 shares during the period. Smartleaf Asset Management LLC increased its holdings in Korea Electric Power by 21.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,625 shares of the utilities provider's stock valued at $44,000 after buying an additional 466 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in Korea Electric Power in the fourth quarter worth approximately $45,000. Finally, Barclays PLC purchased a new stake in Korea Electric Power during the fourth quarter worth $45,000.

Korea Electric Power Company Profile

Korea Electric Power (KEP) is a South Korea–based integrated electric utility engaged in the generation, transmission and distribution of electricity. The company's activities span power plant operation and maintenance, grid management, fuel procurement and power trading, as well as engineering, procurement and construction (EPC) services for large-scale power projects. Its asset base includes a mix of thermal, nuclear, hydro and renewable generation capacity, and the company supports system planning and reliability functions for the national electricity network.

In addition to core utility operations, KEP provides a range of technical and consulting services tied to power infrastructure, including plant construction, refurbishment and decommissioning support.

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