Korea Electric Power Corporation (NYSE:KEP) Stock Now Rated "Reduce" by Sell-Side Analysts

Key Points

• Analysts have a bearish view of Korea Electric Power: Five firms give the stock an average “Reduce” rating, including two sell ratings and three holds. Recent downgrades came from Zacks Research, Weiss Ratings, and Nomura.
• KEP shares opened at $10.97, near their one-year low of $10.77 and well below the one-year high of $23.41. The stock has also traded below its 50-day and 200-day moving averages.
• The company’s latest quarterly results missed expectations, with earnings of $0.14 per share versus the $1.03 consensus estimate and revenue of $14.60 billion versus expectations of $19.67 billion.

Korea Electric Power Corporation (NYSE:KEP - Get Free Report) has received an average recommendation of "Reduce" from the five research firms that are currently covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell rating and three have given a hold rating to the company.

Several research firms recently weighed in on KEP. Zacks Research lowered Korea Electric Power from a "hold" rating to a "strong sell" rating in a report on Wednesday, September 9th. Weiss Ratings downgraded shares of Korea Electric Power from a "hold (c+)" rating to a "hold (c)" rating in a research note on Thursday, August 20th. Finally, Nomura cut shares of Korea Electric Power from a "buy" rating to a "neutral" rating in a research note on Thursday, August 13th.

Hedge Funds Weigh In On Korea Electric Power

A number of institutional investors have recently modified their holdings of KEP. Rockefeller Capital Management L.P. raised its position in shares of Korea Electric Power by 47.0% in 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 last quarter. Ariadne Wealth Management LP lifted its stake in Korea Electric Power by 5.8% in the 4th quarter. Ariadne Wealth Management LP now owns 19,438 shares of the utilities provider's stock worth $321,000 after purchasing an additional 1,059 shares in the last quarter. Global Trust Asset Management LLC purchased a new position in Korea Electric Power in the 1st quarter worth approximately $28,000. Sanctuary Advisors LLC boosted its holdings in shares of Korea Electric Power by 5.8% during the 1st quarter. Sanctuary Advisors LLC now owns 44,565 shares of the utilities provider's stock worth $635,000 after purchasing an additional 2,427 shares during the last quarter. Finally, Sequoia Financial Advisors LLC boosted its holdings in shares of Korea Electric Power by 5.8% during the 1st quarter. Sequoia Financial Advisors LLC now owns 67,637 shares of the utilities provider's stock worth $964,000 after purchasing an additional 3,696 shares during the last quarter.

Korea Electric Power Stock Performance

KEP opened at $10.97 on Friday. The company has a 50 day simple moving average of $11.68 and a two-hundred day simple moving average of $12.97. The company has a debt-to-equity ratio of 1.60, a current ratio of 0.44 and a quick ratio of 0.29. The firm has a market cap of $14.09 billion, a P/E ratio of 2.56, a PEG ratio of 2.07 and a beta of 0.96. Korea Electric Power has a 1-year low of $10.77 and a 1-year high of $23.41.

Korea Electric Power (NYSE:KEP - Get Free Report) last released its earnings results on Tuesday, September 15th. The utilities provider reported $0.14 EPS for the quarter, missing the consensus estimate of $1.03 by ($0.89). Korea Electric Power had a return on equity of 15.70% and a net margin of 8.15%.The company had revenue of $14.60 billion during the quarter, compared to analysts' expectations of $19.67 billion. Equities analysts forecast that Korea Electric Power will post 2.59 earnings per share for the current fiscal year.

Korea Electric Power Company Profile

Korea Electric Power Corporation, commonly known as KEPCO, is South Korea's state-owned electric utility. The company is responsible for the transmission and distribution of electricity across the country and supplies power to residential, commercial and industrial customers.

KEPCO's activities include managing the national electricity grid, operating power-generation businesses through affiliated companies and developing energy infrastructure. Its generation-related operations span nuclear, coal, natural gas, renewable energy and other sources, while its subsidiaries include major South Korean power producers such as Korea Hydro & Nuclear Power.

Established in 1982, KEPCO has also pursued overseas projects involving power generation, transmission and distribution.

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