StockNews.com cut shares of Korea Electric Power (NYSE:KEP - Free Report) from a buy rating to a hold rating in a report published on Monday morning.
Korea Electric Power Stock Down 0.2 %
Shares of NYSE:KEP traded down $0.02 during midday trading on Monday, hitting $7.52. The stock had a trading volume of 133,437 shares, compared to its average volume of 141,403. The company has a market cap of $9.65 billion, a P/E ratio of 3.48 and a beta of 0.99. Korea Electric Power has a 12 month low of $6.68 and a 12 month high of $9.43. The business's 50-day simple moving average is $7.40 and its 200-day simple moving average is $7.67. The company has a quick ratio of 0.30, a current ratio of 0.43 and a debt-to-equity ratio of 2.10.
Korea Electric Power (NYSE:KEP - Get Free Report) last announced its quarterly earnings data on Tuesday, March 11th. The utilities provider reported $0.57 EPS for the quarter, beating analysts' consensus estimates of $0.55 by $0.02. The company had revenue of $16.82 billion during the quarter, compared to the consensus estimate of $17.04 billion. Korea Electric Power had a net margin of 4.03% and a return on equity of 9.64%.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the stock. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Korea Electric Power by 46.8% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,193,185 shares of the utilities provider's stock valued at $9,259,000 after purchasing an additional 380,145 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position in Korea Electric Power by 90.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 723,844 shares of the utilities provider's stock worth $4,980,000 after buying an additional 344,126 shares during the period. Northern Trust Corp lifted its holdings in shares of Korea Electric Power by 642.2% during the fourth quarter. Northern Trust Corp now owns 383,704 shares of the utilities provider's stock worth $2,640,000 after buying an additional 332,009 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of Korea Electric Power in the third quarter valued at about $855,000. Finally, Marshall Wace LLP grew its stake in shares of Korea Electric Power by 93.7% in the fourth quarter. Marshall Wace LLP now owns 171,334 shares of the utilities provider's stock valued at $1,179,000 after acquiring an additional 82,902 shares in the last quarter.
About Korea Electric Power
(
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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.
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