Korea Electric Power (NYSE:KEP) Announces Quarterly Earnings Results

Korea Electric Power (NYSE:KEPGet Free Report) released its quarterly earnings results on Tuesday. The utilities provider reported $1.29 EPS for the quarter, FiscalAI reports. Korea Electric Power had a net margin of 8.80% and a return on equity of 18.76%. The business had revenue of $16.22 billion for the quarter.

Korea Electric Power Trading Down 3.1%

KEP opened at $13.18 on Wednesday. Korea Electric Power has a twelve month low of $10.22 and a twelve month high of $23.41. The company has a 50-day simple moving average of $13.98 and a 200 day simple moving average of $16.76. The company has a quick ratio of 0.31, a current ratio of 0.46 and a debt-to-equity ratio of 1.70. The stock has a market capitalization of $16.92 billion, a price-to-earnings ratio of 2.80, a P/E/G ratio of 2.34 and a beta of 0.93.

Institutional Investors Weigh In On Korea Electric Power

Several institutional investors and hedge funds have recently bought and sold shares of KEP. Arrowstreet Capital Limited Partnership raised its stake in Korea Electric Power by 26.0% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,514,228 shares of the utilities provider’s stock worth $19,761,000 after acquiring an additional 312,680 shares in the last quarter. State Street Corp raised its stake in Korea Electric Power by 5.3% during the fourth quarter. State Street Corp now owns 883,266 shares of the utilities provider’s stock worth $14,574,000 after acquiring an additional 44,617 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in Korea Electric Power by 9.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 847,902 shares of the utilities provider’s stock worth $13,990,000 after acquiring an additional 70,943 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Korea Electric Power by 1.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 703,998 shares of the utilities provider’s stock worth $11,624,000 after acquiring an additional 8,882 shares in the last quarter. Finally, Assetmark Inc. raised its stake in Korea Electric Power by 119.3% during the first quarter. Assetmark Inc. now owns 644,041 shares of the utilities provider’s stock worth $9,178,000 after acquiring an additional 350,337 shares in the last quarter.

Analysts Set New Price Targets

Several research firms recently commented on KEP. Morgan Stanley downgraded shares of Korea Electric Power from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, May 19th. Weiss Ratings downgraded shares of Korea Electric Power from a “buy (b)” rating to a “hold (c+)” rating in a research note on Wednesday, May 27th. Bank of America downgraded shares of Korea Electric Power from a “buy” rating to a “neutral” rating in a research note on Tuesday, March 31st. Wall Street Zen downgraded shares of Korea Electric Power from a “buy” rating to a “hold” rating in a research note on Sunday, March 22nd. Finally, Zacks Research raised shares of Korea Electric Power from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 28th. Three equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Reduce”.

View Our Latest Report on Korea Electric Power

Korea Electric Power Company Profile

(Get Free Report)

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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Earnings History for Korea Electric Power (NYSE:KEP)

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