Nomura Lowers Korea Electric Power (NYSE:KEP) to Neutral

Thursday, June 10, 2021 | MarketBeat

Korea Electric Power (NYSE:KEP) was downgraded by research analysts at Nomura from a "buy" rating to a "neutral" rating in a research note issued on Thursday, The Fly reports.

Other equities research analysts have also recently issued research reports about the company. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell cut Korea Electric Power from a "buy" rating to a "sell" rating in a research note on Friday, May 14th. Zacks Investment Research upgraded shares of Korea Electric Power from a "sell" rating to a "hold" rating in a report on Tuesday, May 25th. Citigroup cut shares of Korea Electric Power from a "buy" rating to a "sell" rating in a research report on Friday, May 14th. Finally, Credit Suisse Group downgraded shares of Korea Electric Power from an "outperform" rating to a "neutral" rating in a research note on Monday, May 17th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company's stock. Korea Electric Power has a consensus rating of "Hold" and an average price target of $12.00.

Korea Electric Power stock traded down $0.07 during midday trading on Thursday, hitting $11.63. 2,166 shares of the stock were exchanged, compared to its average volume of 166,888. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.73 and a quick ratio of 0.53. The stock's 50-day moving average price is $10.91. Korea Electric Power has a fifty-two week low of $7.77 and a fifty-two week high of $12.98. The firm has a market cap of $14.93 billion, a PE ratio of 9.16, a price-to-earnings-growth ratio of 1.73 and a beta of 0.94.

Korea Electric Power (NYSE:KEP) last announced its quarterly earnings results on Tuesday, March 9th. The utilities provider reported $0.39 earnings per share (EPS) for the quarter. Korea Electric Power had a net margin of 3.43% and a return on equity of 2.95%. The business had revenue of $13.15 billion during the quarter. As a group, equities analysts anticipate that Korea Electric Power will post 1.41 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Barclays PLC acquired a new position in Korea Electric Power in the 1st quarter valued at about $78,000. UBS Group AG grew its holdings in shares of Korea Electric Power by 16.7% in the first quarter. UBS Group AG now owns 7,945 shares of the utilities provider's stock valued at $81,000 after purchasing an additional 1,136 shares in the last quarter. Balentine LLC acquired a new position in shares of Korea Electric Power in the first quarter valued at approximately $109,000. Sigma Planning Corp purchased a new stake in Korea Electric Power during the 1st quarter worth approximately $113,000. Finally, Susquehanna International Group LLP acquired a new stake in Korea Electric Power during the 4th quarter worth approximately $132,000. 3.75% of the stock is currently owned by hedge funds and other institutional investors.

About Korea Electric Power

Korea Electric Power Corporation, an integrated electric utility company, generates, transmits, and distributes electricity in South Korea and internationally. The company operates through Transmission and Distribution, Electric Power Generation (Nuclear), Electric Power Generation (Non-nuclear), Plant Maintenance & Engineering Service, and Others segments.

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