Shares of Korea Electric Power Co. (NYSE:KEP – Get Rating) reached a new 52-week low during trading on Monday . The stock traded as low as $7.48 and last traded at $7.50, with a volume of 5083 shares changing hands. The stock had previously closed at $7.56.
Analyst Upgrades and Downgrades
Several research firms have commented on KEP. Morgan Stanley lowered shares of Korea Electric Power from an "overweight" rating to an "equal weight" rating in a research report on Friday, August 12th. StockNews.com lowered shares of Korea Electric Power from a "hold" rating to a "sell" rating in a research report on Monday, August 15th.
Get Korea Electric Power alerts:Korea Electric Power Stock Down 0.7 %
The firm has a market cap of $9.64 billion, a price-to-earnings ratio of -1.00 and a beta of 0.71. The business's 50 day moving average price is $8.40 and its 200 day moving average price is $8.90. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.46 and a current ratio of 0.68.
Korea Electric Power (NYSE:KEP – Get Rating) last posted its quarterly earnings results on Monday, June 13th. The utilities provider reported ($3.85) EPS for the quarter. Korea Electric Power had a negative return on equity of 16.60% and a negative net margin of 17.88%. The company had revenue of $13.67 billion for the quarter.Institutional Trading of Korea Electric Power
Several institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. raised its holdings in Korea Electric Power by 44.1% in the 1st quarter. BlackRock Inc. now owns 1,500,275 shares of the utilities provider's stock valued at $13,968,000 after buying an additional 459,336 shares during the period. Goldman Sachs Group Inc. grew its position in Korea Electric Power by 3.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 904,359 shares of the utilities provider's stock valued at $8,420,000 after acquiring an additional 34,012 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Korea Electric Power by 1.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 894,305 shares of the utilities provider's stock valued at $8,330,000 after acquiring an additional 14,363 shares in the last quarter. State Street Corp grew its position in Korea Electric Power by 4.5% in the 1st quarter. State Street Corp now owns 806,626 shares of the utilities provider's stock valued at $7,510,000 after acquiring an additional 34,488 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its position in Korea Electric Power by 4.4% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 493,879 shares of the utilities provider's stock valued at $4,598,000 after acquiring an additional 20,788 shares in the last quarter.
About Korea Electric Power
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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, Nuclear Power Generation, Thermal Power Generation, and Others segments. It generates power from nuclear, coal, oil, liquefied natural gas, internal combustion, combined-cycle, integrated gasification combined cycle, hydro, wind, solar, fuel cell, biogas, and other sources.
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