Korea Electric Power (NYSE:KEP) Sets New 12-Month Low - Should You Sell?

Key Points

• Korea Electric Power shares hit a new 52-week low, trading as low as $11.24, below their 50-day and 200-day moving averages of $12.16 and $14.87, respectively.
• Analyst sentiment is predominantly negative: four analysts rate the stock “Hold” and one rates it “Sell,” resulting in a consensus “Reduce” rating. Recent actions included downgrades from Nomura, Morgan Stanley and Weiss Ratings.
• The company missed quarterly expectations, reporting EPS of $0.27 versus the $0.45 consensus estimate and revenue of $14.15 billion versus $15.31 billion expected. Despite the earnings miss, Korea Electric Power reported an 8.95% net margin and 18.25% return on equity.

Korea Electric Power Corporation (NYSE:KEP - Get Free Report) shares reached a new 52-week low on Wednesday . The stock traded as low as $11.24 and last traded at $11.2070, with a volume of 4296 shares traded. The stock had previously closed at $11.28.

Analyst Upgrades and Downgrades

KEP has been the topic of a number of recent analyst reports. Zacks Research raised Korea Electric Power from a "strong sell" rating to a "hold" rating in a research report on Tuesday, August 11th. Nomura lowered Korea Electric Power from a "buy" rating to a "neutral" rating in a research report on Thursday, August 13th. Morgan Stanley cut Korea Electric Power from an "equal weight" rating to an "underweight" rating in a research note on Tuesday, May 19th. Finally, Weiss Ratings downgraded Korea Electric Power from a "buy (b)" rating to a "hold (c+)" rating in a report on Wednesday, May 27th. Four investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, Korea Electric Power currently has a consensus rating of "Reduce".

Korea Electric Power Stock Performance

The firm's 50-day simple moving average is $12.16 and its two-hundred day simple moving average is $14.87. 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 stock has a market capitalization of $14.44 billion, a PE ratio of 2.35, a PEG ratio of 2.25 and a beta of 0.95.

Korea Electric Power (NYSE:KEP - Get Free Report) last released its earnings results on Wednesday, August 12th. The utilities provider reported $0.27 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.45 by ($0.18). 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 during the quarter, compared to analysts' expectations of $15.31 billion. On average, equities research analysts expect that Korea Electric Power Corporation will post 2.56 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Korea Electric Power

A number of institutional investors have recently bought and sold shares of the business. Global Trust Asset Management LLC acquired a new position in shares of Korea Electric Power in the 1st quarter valued at about $28,000. Rockefeller Capital Management L.P. boosted its holdings 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 worth $37,000 after purchasing an additional 724 shares during the period. Smartleaf Asset Management LLC boosted its holdings in shares of 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 worth $44,000 after purchasing an additional 466 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in Korea Electric Power during the fourth quarter valued at approximately $45,000. Finally, Barclays PLC purchased a new position in 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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