Korea Electric Power Co. (KEP) Given Average Rating of “Hold” by Brokerages

Shares of Korea Electric Power Co. (NYSE:KEP) have earned a consensus recommendation of “Hold” from the eleven ratings firms that are presently covering the stock, MarketBeat reports. Nine investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company.

A number of analysts have issued reports on the company. Daiwa Capital Markets lowered Korea Electric Power from an “outperform” rating to a “hold” rating in a report on Wednesday, March 21st. Goldman Sachs raised Korea Electric Power from a “sell” rating to a “neutral” rating in a report on Friday, February 23rd. Macquarie lowered Korea Electric Power from an “outperform” rating to a “neutral” rating in a report on Friday, February 2nd. Finally, HSBC lowered Korea Electric Power from a “buy” rating to a “hold” rating in a report on Tuesday, February 13th.

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Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Hanson & Doremus Investment Management grew its holdings in shares of Korea Electric Power by 31.8% during the 4th quarter. Hanson & Doremus Investment Management now owns 18,425 shares of the utilities provider’s stock worth $326,000 after purchasing an additional 4,445 shares in the last quarter. Crossmark Global Holdings Inc. grew its holdings in shares of Korea Electric Power by 1.6% during the 4th quarter. Crossmark Global Holdings Inc. now owns 406,902 shares of the utilities provider’s stock worth $7,206,000 after purchasing an additional 6,483 shares in the last quarter. M&T Bank Corp grew its holdings in shares of Korea Electric Power by 18.4% during the 4th quarter. M&T Bank Corp now owns 41,936 shares of the utilities provider’s stock worth $744,000 after purchasing an additional 6,514 shares in the last quarter. We Are One Seven LLC acquired a new stake in shares of Korea Electric Power during the 4th quarter worth approximately $150,000. Finally, Cubist Systematic Strategies LLC grew its holdings in shares of Korea Electric Power by 33.7% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 37,233 shares of the utilities provider’s stock worth $624,000 after purchasing an additional 9,393 shares in the last quarter. 4.88% of the stock is currently owned by hedge funds and other institutional investors.

KEP opened at $16.19 on Friday. The company has a market capitalization of $20,247.54, a price-to-earnings ratio of 8.30, a price-to-earnings-growth ratio of 1.36 and a beta of 0.49. The company has a current ratio of 0.82, a quick ratio of 0.56 and a debt-to-equity ratio of 0.63. Korea Electric Power has a 12-month low of $14.12 and a 12-month high of $20.38.

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Korea Electric Power Company Profile

Korea Electric Power Corporation, an integrated electric utility company, generates, transmits, and distributes electricity in 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, hydro, wind, solar, and biomass sources.

Analyst Recommendations for Korea Electric Power (NYSE:KEP)

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