Korea Electric Power (NYSE:KEP) Sets New 1-Year High - Still a Buy?

Key Points

• Korea Electric Power Corporation (NYSE:KEP) reached a new 52-week high at $15.21, up from a previous close of $14.37, with a trade volume of 86,300 shares.
• Recent analyst ratings reflect a mixed outlook, with Weiss Ratings reaffirming a "hold" and Wall Street Zen downgrading the stock from "strong-buy" to "buy," leading to an average rating of "Hold."
• The company reported earnings per share (EPS) of $0.63 for Q3, beating estimates, but its revenue of $15.70 billion fell short of the consensus estimate of $19.45 billion.

Korea Electric Power Corporation (NYSE:KEP - Get Free Report) reached a new 52-week high on Friday . The stock traded as high as $15.20 and last traded at $15.21, with a volume of 86300 shares changing hands. The stock had previously closed at $14.37.

Analyst Upgrades and Downgrades

KEP has been the subject of several research reports. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Korea Electric Power in a research report on Wednesday, October 8th. Wall Street Zen downgraded Korea Electric Power from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 16th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of "Hold".

Korea Electric Power Price Performance

The stock's 50 day moving average is $13.42 and its two-hundred day moving average is $11.84. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.46 and a quick ratio of 0.31. The stock has a market capitalization of $19.46 billion, a PE ratio of 4.32 and a beta of 0.95.

Korea Electric Power (NYSE:KEP - Get Free Report) last announced its quarterly earnings results on Monday, September 15th. The utilities provider reported $0.63 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.60 by $0.03. The firm had revenue of $15.70 billion during the quarter, compared to the consensus estimate of $19.45 billion. Korea Electric Power had a return on equity of 15.34% and a net margin of 6.58%.

Hedge Funds Weigh In On Korea Electric Power

A number of institutional investors and hedge funds have recently added to or reduced their stakes in KEP. GAMMA Investing LLC boosted its holdings in Korea Electric Power by 439.4% in the first quarter. GAMMA Investing LLC now owns 42,170 shares of the utilities provider's stock valued at $312,000 after purchasing an additional 34,352 shares in the last quarter. Blue Trust Inc. boosted its holdings in Korea Electric Power by 15.7% in the first quarter. Blue Trust Inc. now owns 30,251 shares of the utilities provider's stock valued at $224,000 after purchasing an additional 4,109 shares in the last quarter. Sequoia Financial Advisors LLC lifted its stake in Korea Electric Power by 15.4% in the first quarter. Sequoia Financial Advisors LLC now owns 60,708 shares of the utilities provider's stock valued at $450,000 after buying an additional 8,118 shares during the last quarter. PDS Planning Inc lifted its stake in Korea Electric Power by 10.2% in the first quarter. PDS Planning Inc now owns 26,817 shares of the utilities provider's stock valued at $199,000 after buying an additional 2,473 shares during the last quarter. Finally, Cerity Partners LLC lifted its stake in Korea Electric Power by 105.9% in the first quarter. Cerity Partners LLC now owns 145,455 shares of the utilities provider's stock valued at $1,078,000 after buying an additional 74,818 shares during the last quarter.

About Korea Electric Power

Korea Electric Power Corporation, an integrated electric utility company, engages in the generation, transmission, and distribution of electricity in South Korea and internationally. The company operates through Transmission and Distribution, Nuclear Power Generation, Thermal Power Generation, and Others segments.

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