Korea Electric Power (NYSE:KEP) Rating Lowered to Neutral at Bank of America

Key Points

• Korea Electric Power (NYSE:KEP) was downgraded by Bank of America from "buy" to "neutral," and other analysts (Weiss Ratings, Wall Street Zen) have similarly trimmed ratings, leaving the consensus rating at "Hold."
• KEP stock rose 1.9% to $13.89, yet the company shows a low P/E of 2.95, reported quarterly EPS of ($0.10) on $13.61 billion revenue, and has weak liquidity (current ratio 0.46, quick ratio 0.31) with a debt-to-equity of 1.70.

Korea Electric Power (NYSE:KEP - Get Free Report) was downgraded by research analysts at Bank of America from a "buy" rating to a "neutral" rating in a research note issued on Tuesday.

A number of other analysts also recently weighed in on KEP. Weiss Ratings cut Korea Electric Power from a "buy (b-)" rating to a "hold (c+)" rating in a report on Friday, March 13th. Wall Street Zen lowered Korea Electric Power from a "buy" rating to a "hold" rating in a report on Sunday, March 22nd. Three analysts have rated the stock with a Hold rating, According to MarketBeat, Korea Electric Power has an average rating of "Hold".

Korea Electric Power Stock Up 1.9%

KEP stock traded up $0.27 during midday trading on Tuesday, reaching $13.89. The company had a trading volume of 75,257 shares, compared to its average volume of 716,004. The company has a 50 day moving average of $19.29 and a two-hundred day moving average of $17.02. The company has a market capitalization of $17.83 billion, a P/E ratio of 2.95, a PEG ratio of 0.05 and a beta of 0.88. Korea Electric Power has a 1 year low of $7.19 and a 1 year high of $23.41. The company has a current ratio of 0.46, a quick ratio of 0.31 and a debt-to-equity ratio of 1.70.

Korea Electric Power (NYSE:KEP - Get Free Report) last posted its quarterly earnings results on Saturday, February 14th. The utilities provider reported ($0.10) earnings per share for the quarter. The firm had revenue of $13.61 billion for the quarter. Korea Electric Power had a return on equity of 18.76% and a net margin of 8.80%.

Institutional Investors Weigh In On Korea Electric Power

Several institutional investors have recently modified their holdings of the business. Rockefeller Capital Management L.P. raised its holdings in 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 worth $37,000 after purchasing an additional 724 shares during the period. Caitong International Asset Management Co. Ltd grew its holdings in shares of Korea Electric Power by 26,947.8% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 6,221 shares of the utilities provider's stock valued at $103,000 after buying an additional 6,198 shares during the period. Dorsey Wright & Associates increased its position in shares of Korea Electric Power by 6.6% in the 4th quarter. Dorsey Wright & Associates now owns 118,818 shares of the utilities provider's stock valued at $1,960,000 after buying an additional 7,402 shares in the last quarter. Compound Planning Inc. increased its position in shares of Korea Electric Power by 22.2% in the 4th quarter. Compound Planning Inc. now owns 21,271 shares of the utilities provider's stock valued at $351,000 after buying an additional 3,868 shares in the last quarter. Finally, Summit Global Investments raised its stake in Korea Electric Power by 183.0% during the 4th quarter. Summit Global Investments now owns 39,976 shares of the utilities provider's stock worth $660,000 after buying an additional 25,852 shares during the period.

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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