Northwestern Mutual Wealth Management Co. lifted its holdings in Korea Electric Power Corporation (NYSE:KEP – Free Report) by 4,179.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 99,404 shares of the utilities provider’s stock after purchasing an additional 97,081 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Korea Electric Power were worth $1,640,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also modified their holdings of the company. AdvisorShares Investments LLC bought a new position in Korea Electric Power in the 3rd quarter worth $1,017,000. JPMorgan Chase & Co. increased its holdings in shares of Korea Electric Power by 47,424.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 375,442 shares of the utilities provider’s stock worth $4,900,000 after purchasing an additional 374,652 shares during the period. Capital Wealth Planning LLC increased its holdings in shares of Korea Electric Power by 87.0% during the 3rd quarter. Capital Wealth Planning LLC now owns 380,348 shares of the utilities provider’s stock worth $4,964,000 after purchasing an additional 176,920 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in Korea Electric Power in the third quarter valued at about $456,000. Finally, Assetmark Inc. increased its stake in Korea Electric Power by 1,172,236.7% in the third quarter. Assetmark Inc. now owns 351,701 shares of the utilities provider’s stock valued at $4,590,000 after acquiring an additional 351,671 shares during the period.
Wall Street Analysts Forecast Growth
A number of research firms recently weighed in on KEP. Zacks Research cut shares of Korea Electric Power from a “hold” rating to a “strong sell” rating in a research note on Tuesday, March 31st. Wall Street Zen cut shares of Korea Electric Power from a “buy” rating to a “hold” rating in a research note on Sunday, March 22nd. Morgan Stanley cut shares of Korea Electric Power from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, May 19th. Weiss Ratings raised Korea Electric Power from a “hold (c+)” rating to a “buy (b)” rating in a research note on Wednesday, May 13th. Finally, Bank of America lowered Korea Electric Power from a “buy” rating to a “neutral” rating in a research note on Tuesday, March 31st. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce”.
Korea Electric Power Stock Down 3.2%
Shares of KEP stock opened at $13.23 on Thursday. The firm has a fifty day moving average of $14.69 and a 200-day moving average of $17.15. The company has a quick ratio of 0.31, a current ratio of 0.46 and a debt-to-equity ratio of 1.70. Korea Electric Power Corporation has a 12-month low of $10.08 and a 12-month high of $23.41. The company has a market capitalization of $16.98 billion, a price-to-earnings ratio of 2.81, a P/E/G ratio of 2.03 and a beta of 0.99.
Korea Electric Power (NYSE:KEP – Get Free Report) last issued its quarterly earnings data on Saturday, February 14th. The utilities provider reported ($0.10) earnings per share (EPS) for the quarter. Korea Electric Power had a return on equity of 18.76% and a net margin of 8.80%.The company had revenue of $13.61 billion for the quarter. As a group, equities research analysts predict that Korea Electric Power Corporation will post 3.29 earnings per share for the current fiscal year.
About Korea Electric Power
Korea Electric Power (KEP) is a South Korea–based integrated electric utility engaged in the generation, transmission and distribution of electricity. The company’s activities span power plant operation and maintenance, grid management, fuel procurement and power trading, as well as engineering, procurement and construction (EPC) services for large-scale power projects. Its asset base includes a mix of thermal, nuclear, hydro and renewable generation capacity, and the company supports system planning and reliability functions for the national electricity network.
In addition to core utility operations, KEP provides a range of technical and consulting services tied to power infrastructure, including plant construction, refurbishment and decommissioning support.
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