Korea Electric Power (NYSE:KEP) Downgraded to "Buy" Rating by Wall Street Zen

Key Points

• Wall Street Zen downgraded Korea Electric Power (NYSE: KEP) from a "strong-buy" to a "buy" rating, indicating a more cautious outlook for the stock.
• Korea Electric Power reported $1.25 earnings per share (EPS) for the last quarter, exceeding estimates but fell short on revenue with $16.67 billion compared to the expected $17.04 billion.
• Institutional investors have been actively increasing their stakes in Korea Electric Power, with Hantz Financial Services boosting its holdings by 204.3% in the second quarter.

Korea Electric Power (NYSE:KEP - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a research report issued on Saturday.

Korea Electric Power Stock Down 4.1%

Shares of Korea Electric Power stock traded down $0.57 on Friday, hitting $13.35. 233,167 shares of the company traded hands, compared to its average volume of 395,016. The company has a market cap of $17.14 billion, a PE ratio of 4.57 and a beta of 0.95. Korea Electric Power has a 12-month low of $6.68 and a 12-month high of $15.19. The company has a 50-day moving average price of $13.11 and a 200 day moving average price of $10.15. The company has a quick ratio of 0.32, a current ratio of 0.47 and a debt-to-equity ratio of 2.09.

Korea Electric Power (NYSE:KEP - Get Free Report) last issued its quarterly earnings data on Tuesday, June 17th. The utilities provider reported $1.25 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.90 by $0.35. The firm had revenue of $16.67 billion during the quarter, compared to analysts' expectations of $17.04 billion. Korea Electric Power had a net margin of 5.53% and a return on equity of 13.16%.

Institutional Investors Weigh In On Korea Electric Power

Large investors have recently bought and sold shares of the business. Corient Private Wealth LLC boosted its holdings in Korea Electric Power by 1.6% during the second quarter. Corient Private Wealth LLC now owns 153,117 shares of the utilities provider's stock valued at $2,180,000 after acquiring an additional 2,437 shares during the period. Vident Advisory LLC boosted its holdings in Korea Electric Power by 16.0% during the second quarter. Vident Advisory LLC now owns 179,369 shares of the utilities provider's stock valued at $2,554,000 after acquiring an additional 24,795 shares during the period. Tidal Investments LLC bought a new stake in Korea Electric Power during the second quarter valued at about $383,000. Bank of America Corp DE boosted its holdings in Korea Electric Power by 133.7% during the second quarter. Bank of America Corp DE now owns 371,494 shares of the utilities provider's stock valued at $5,290,000 after acquiring an additional 212,515 shares during the period. Finally, Ameriprise Financial Inc. boosted its holdings in Korea Electric Power by 27.9% during the second quarter. Ameriprise Financial Inc. now owns 13,198 shares of the utilities provider's stock valued at $188,000 after acquiring an additional 2,877 shares during the period.

Korea Electric Power Company Profile

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.