Korea Electric Power (NYSE:KEP) Reaches New 12-Month Low - What's Next?

Key Points

• Korea Electric Power shares fell to a new 52-week low of $11.13, below the previous close of $11.44, with the stock’s 50-day and 200-day moving averages at $11.85 and $13.51, respectively.
• Analyst sentiment has weakened, with several firms downgrading the stock; MarketBeat’s consensus rating is “Reduce,” based on three Hold ratings and two Sell ratings.
• The company’s latest quarterly results missed expectations, reporting $0.27 in earnings per share versus a $0.45 estimate and $14.15 billion in revenue versus $15.31 billion expected, although institutional investors have increased their holdings.

Korea Electric Power Corporation (NYSE:KEP - Get Free Report) shares reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $11.13 and last traded at $11.1350, with a volume of 889292 shares. The stock had previously closed at $11.44.

Wall Street Analysts Forecast Growth

KEP has been the topic of a number of research reports. Zacks Research cut Korea Electric Power from a "hold" rating to a "strong sell" rating in a report on Wednesday, September 9th. Nomura cut shares of Korea Electric Power from a "buy" rating to a "neutral" rating in a research report on Thursday, August 13th. Morgan Stanley downgraded shares of Korea Electric Power from an "equal weight" rating to an "underweight" rating in a research note on Tuesday, May 19th. Finally, Weiss Ratings cut shares of Korea Electric Power from a "hold (c+)" rating to a "hold (c)" rating in a research note on Thursday, August 20th. Three equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Korea Electric Power has an average rating of "Reduce".

Korea Electric Power Price Performance

The company has a market capitalization of $14.38 billion, a PE ratio of 2.34, a PEG ratio of 2.21 and a beta of 0.95. The firm has a fifty day moving average of $11.85 and a two-hundred day moving average of $13.51. The company has a current ratio of 0.43, a quick ratio of 0.29 and a debt-to-equity ratio of 1.56.

Korea Electric Power (NYSE:KEP - Get Free Report) last issued its earnings results on Wednesday, August 12th. The utilities provider reported $0.27 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.18). Korea Electric Power had a return on equity of 18.25% and a net margin of 8.95%.The firm had revenue of $14.15 billion during the quarter, compared to analysts' expectations of $15.31 billion. Research analysts anticipate that Korea Electric Power Corporation will post 2.56 EPS for the current fiscal year.

Institutional Investors Weigh In On Korea Electric Power

Institutional investors and hedge funds have recently bought and sold shares of the business. Capital Wealth Planning LLC increased its stake in shares of Korea Electric Power by 56.6% during the fourth quarter. Capital Wealth Planning LLC now owns 595,498 shares of the utilities provider's stock valued at $9,921,000 after buying an additional 215,150 shares during the period. Assetmark Inc. increased its position in Korea Electric Power by 119.3% during the 1st quarter. Assetmark Inc. now owns 644,041 shares of the utilities provider's stock valued at $9,178,000 after purchasing an additional 350,337 shares during the period. Quantinno Capital Management LP raised its holdings in Korea Electric Power by 48.1% in the 1st quarter. Quantinno Capital Management LP now owns 480,867 shares of the utilities provider's stock worth $6,852,000 after purchasing an additional 156,227 shares in the last quarter. Bank of America Corp DE raised its holdings in Korea Electric Power by 617.5% in the 1st quarter. Bank of America Corp DE now owns 249,280 shares of the utilities provider's stock worth $3,552,000 after purchasing an additional 214,535 shares in the last quarter. Finally, Corient Private Wealth LP lifted its position in shares of Korea Electric Power by 54.2% in the 2nd quarter. Corient Private Wealth LP now owns 265,049 shares of the utilities provider's stock worth $3,207,000 after purchasing an additional 93,194 shares during the period.

About Korea Electric Power

Korea Electric Power Corporation (KEPCO) is South Korea's state-owned, integrated electric utility. The company is responsible for the transmission and distribution of electricity throughout South Korea and supplies power to residential, commercial and industrial customers.

KEPCO's business includes electricity generation through affiliated companies, power transmission and distribution, and related energy services. Its generation-related subsidiaries include Korea Hydro & Nuclear Power, which operates nuclear and hydroelectric facilities, as well as several companies focused on thermal and renewable power generation.

Founded in 1961, KEPCO has also pursued international projects involving power generation, transmission, renewable energy and other energy infrastructure.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.