Korea Electric Power Corporation (NYSE:KEP) Receives Consensus Rating of "Reduce" from Brokerages

Key Points

• Korea Electric Power has a consensus “Reduce” rating among five brokerages, with one sell rating and four hold ratings. Morgan Stanley and Nomura recently downgraded the stock, while Zacks Research and Weiss Ratings moved their views to hold.
• KEP shares fell 2.8% to $11.54, near their 12-month low of $11.25 and well below the 12-month high of $23.41. The stock has a market capitalization of approximately $14.82 billion.
• The company reported quarterly EPS of $0.13, missing the $0.53 consensus estimate, while revenue of $14.15 billion also fell short of expectations. Analysts expect full-year EPS of $2.83.

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

A number of brokerages recently weighed in on KEP. Morgan Stanley downgraded shares of Korea Electric Power from an "equal weight" rating to an "underweight" rating in a research report on Tuesday, May 19th. Nomura lowered Korea Electric Power from a "buy" rating to a "neutral" rating in a report on Thursday. Zacks Research raised Korea Electric Power from a "strong sell" rating to a "hold" rating in a research report on Tuesday. Finally, Weiss Ratings lowered Korea Electric Power from a "buy (b)" rating to a "hold (c+)" rating in a research report on Wednesday, May 27th.

Korea Electric Power Trading Down 2.8%

Shares of KEP traded down $0.34 on Thursday, reaching $11.54. 901,593 shares of the company's stock were exchanged, compared to its average volume of 913,321. Korea Electric Power has a 12 month low of $11.25 and a 12 month high of $23.41. The stock has a market capitalization of $14.82 billion, a P/E ratio of 2.42, a price-to-earnings-growth ratio of 2.12 and a beta of 0.95. The company has a current ratio of 0.43, a quick ratio of 0.29 and a debt-to-equity ratio of 1.56. The business has a 50 day moving average price of $12.22 and a two-hundred day moving average price of $15.15.

Korea Electric Power (NYSE:KEP - Get Free Report) last issued its earnings results on Wednesday, August 12th. The utilities provider reported $0.13 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.40). Korea Electric Power had a net margin of 8.95% and a return on equity of 18.25%. The business had revenue of $14.15 billion for the quarter, compared to the consensus estimate of $14.88 billion. Research analysts anticipate that Korea Electric Power will post 2.83 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in KEP. Global Trust Asset Management LLC acquired a new position in Korea Electric Power during the 1st quarter valued at about $28,000. Rockefeller Capital Management L.P. lifted its position in shares of 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 purchasing an additional 724 shares in the last quarter. Smartleaf Asset Management LLC grew its position in Korea Electric Power by 21.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,625 shares of the utilities provider's stock worth $44,000 after purchasing an additional 466 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in Korea Electric Power in the 4th quarter valued at about $45,000. Finally, Barclays PLC purchased a new stake in shares of Korea Electric Power during the fourth quarter valued at approximately $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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