Korea Electric Power (NYSE:KEP) Lowered 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 investment 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 Performance

KEP traded up $0.2350 on Friday, hitting $13.6150. The company's stock had a trading volume of 600,731 shares, compared to its average volume of 653,718. The company's 50 day simple moving average is $13.24 and its 200-day simple moving average is $10.19. The firm has a market cap of $17.48 billion, a P/E ratio of 4.66 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 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 released its quarterly earnings data on Tuesday, June 17th. The utilities provider reported $1.25 EPS for the quarter, topping the consensus estimate of $0.90 by $0.35. The company had revenue of $16.67 billion during the quarter, compared to the consensus estimate of $17.04 billion. Korea Electric Power had a net margin of 5.53% and a return on equity of 13.16%.

Institutional Trading of Korea Electric Power

Several institutional investors and hedge funds have recently bought and sold shares of the company. Corient Private Wealth LLC lifted its stake in Korea Electric Power by 1.6% in the 2nd quarter. Corient Private Wealth LLC now owns 153,117 shares of the utilities provider's stock worth $2,180,000 after purchasing an additional 2,437 shares in the last quarter. Vident Advisory LLC lifted its stake in Korea Electric Power by 16.0% in the 2nd quarter. Vident Advisory LLC now owns 179,369 shares of the utilities provider's stock worth $2,554,000 after purchasing an additional 24,795 shares in the last quarter. Tidal Investments LLC purchased a new stake in Korea Electric Power in the 2nd quarter worth approximately $383,000. Bank of America Corp DE lifted its stake in Korea Electric Power by 133.7% in the 2nd quarter. Bank of America Corp DE now owns 371,494 shares of the utilities provider's stock worth $5,290,000 after purchasing an additional 212,515 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in Korea Electric Power by 27.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 13,198 shares of the utilities provider's stock worth $188,000 after purchasing an additional 2,877 shares in the last quarter.

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.