Wealthstream Advisors Inc. Purchases New Holdings in Korea Electric Power Corporation $KEP

Wealthstream Advisors Inc. purchased a new stake in Korea Electric Power Corporation (NYSE:KEP) during the second quarter, according to its most recent disclosure with the SEC. The firm purchased 11,867 shares of the utilities provider’s stock, valued at approximately $169,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of KEP. GAMMA Investing LLC lifted its stake in Korea Electric Power by 439.4% in the 1st quarter. GAMMA Investing LLC now owns 42,170 shares of the utilities provider’s stock valued at $312,000 after buying an additional 34,352 shares in the last quarter. Blue Trust Inc. lifted its stake in Korea Electric Power by 15.7% in the 1st quarter. Blue Trust Inc. now owns 30,251 shares of the utilities provider’s stock valued at $224,000 after buying an additional 4,109 shares in the last quarter. Sequoia Financial Advisors LLC lifted its stake in Korea Electric Power by 15.4% in the 1st quarter. Sequoia Financial Advisors LLC now owns 60,708 shares of the utilities provider’s stock valued at $450,000 after buying an additional 8,118 shares in the last quarter. PDS Planning Inc lifted its stake in Korea Electric Power by 10.2% in the 1st quarter. PDS Planning Inc now owns 26,817 shares of the utilities provider’s stock valued at $199,000 after buying an additional 2,473 shares in the last quarter. Finally, Cerity Partners LLC lifted its stake in Korea Electric Power by 105.9% in the 1st quarter. Cerity Partners LLC now owns 145,455 shares of the utilities provider’s stock valued at $1,078,000 after buying an additional 74,818 shares in the last quarter.

Analyst Ratings Changes

A number of analysts have commented on KEP shares. Wall Street Zen downgraded shares of Korea Electric Power from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 16th. Weiss Ratings reiterated a “hold (c)” rating on shares of Korea Electric Power in a report on Wednesday, October 8th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Korea Electric Power presently has a consensus rating of “Hold”.

Korea Electric Power Stock Up 6.4%

Shares of NYSE KEP opened at $15.30 on Friday. The company has a 50 day simple moving average of $13.45 and a 200-day simple moving average of $11.92. The company has a market capitalization of $19.64 billion, a P/E ratio of 4.36 and a beta of 0.95. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.46 and a quick ratio of 0.31. Korea Electric Power Corporation has a 1 year low of $6.68 and a 1 year high of $15.31.

Korea Electric Power (NYSE:KEP) last announced its quarterly earnings results on Monday, September 15th. The utilities provider reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.03. The business had revenue of $15.70 billion during the quarter, compared to the consensus estimate of $19.45 billion. Korea Electric Power had a net margin of 6.58% and a return on equity of 15.34%.

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.