Hana Securities cuts target for Korea Electric Power stock to KRW 40,000

Published on 10/17/2026 at 19:11 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue was KRW 21.9 trillion, down 0.1 percent. Korea Electric Power stock was USD 10.63 on October 16, 2026, down 0.56 percent versus the prior close.

Target cut and market valuation

Hana Securities lowered its Korea Electric Power target from KRW 45,000 to KRW 40,000 on October 12, 2026.
Second-quarter 2026 revenue reached KRW 21.9 trillion, down 0.1 percent year over year.
Korea Electric Power stock last traded at USD 10.63 on October 16, 2026, down 0.56 percent versus the October 15 close.
Korea Electric Power had a P/E of 2.34 and a market capitalization of USD 13.6 billion as of October 16, 2026.

KEP, US5006311063, Illustration mit AI erstellt.

Hana Securities lowered its target for Korea Electric Power from KRW 45,000 to KRW 40,000 on October 12, 2026, while retaining its Buy recommendation, according to Financial News. The report cited medium-term pressure from fuel costs and possible changes to South Korea's electricity tariff system. Korea Electric Power's last reported NYSE price was USD 10.63 on October 16, 2026 at 4:00 p.m. ET, down 0.56 percent versus the October 15 close.

Second-quarter revenue held steady

Korea Electric Power reported KRW 21.9 trillion in revenue for the second quarter of 2026, a 0.1 percent year-over-year decline. Operating profit was KRW 1.13 trillion and net income was KRW 277.5 billion for the period, according to ATS View. The figures leave revenue broadly stable while profit remains the more sensitive measure for the utility.

Stock sits near its yearly low

The NYSE price stood within a USD 10.43 to USD 23.41 52-week range on October 16, 2026. At USD 10.63, the stock was 54.64 percent below its 52-week high and only 1.92 percent above its 52-week low. Trading volume was 861,692 shares against an average of 953,593.

Valuation and the next report

Korea Electric Power had a market capitalization of USD 13.6 billion, a P/E of 2.34 and a dividend yield of 0.05 percent as of October 16, 2026. MarketBeat identifies the company as listed on the NYSE under KEP and classifies it as an electric utility. The next earnings date is estimated for December 17, 2026, according to MarketBeat.

Comparison with peers

Korea Electric Power (NYSE, USD): minus 0.56 percent, P/E 2.34, market capitalization USD 13.6 billion.

Southern Company (NYSE, USD): plus 2.24 percent, P/E 22.02, market capitalization USD 104.9 billion.

Duke Energy (NYSE, USD): plus 2.18 percent, P/E 18.24, market capitalization USD 94.7 billion.

Tariff policy remains the risk

The valuation gap with large US utilities reflects a different earnings profile rather than a direct forecast. Hana Securities expects lower industrial electricity rates under a regionally differentiated tariff system to weigh on medium-term earnings, while lower short-term power purchasing costs could support the next quarter. The company remains tied to regulated pricing, fuel expenses and the timing of its next financial report.