Sei Investments Co. grew its holdings in shares of Korea Electric Power Corporation (NYSE:KEP – Free Report) by 44.0% during the first quarter, Holdings Channel.com reports. The firm owned 134,863 shares of the utilities provider’s stock after buying an additional 41,239 shares during the quarter. Sei Investments Co.’s holdings in Korea Electric Power were worth $1,922,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also modified their holdings of KEP. First Trust Advisors LP grew its position in Korea Electric Power by 39.2% in the 1st quarter. First Trust Advisors LP now owns 46,141 shares of the utilities provider’s stock valued at $658,000 after buying an additional 12,998 shares in the last quarter. Barometer Capital Management Inc. increased its stake in Korea Electric Power by 313.9% during the 1st quarter. Barometer Capital Management Inc. now owns 71,600 shares of the utilities provider’s stock valued at $1,020,000 after buying an additional 54,300 shares during the period. Summit Global Investments raised its position in shares of Korea Electric Power by 47.1% during the 1st quarter. Summit Global Investments now owns 58,808 shares of the utilities provider’s stock worth $838,000 after buying an additional 18,832 shares in the last quarter. Dorsey Wright & Associates raised its position in shares of Korea Electric Power by 40.0% during the 1st quarter. Dorsey Wright & Associates now owns 166,344 shares of the utilities provider’s stock worth $2,370,000 after buying an additional 47,526 shares in the last quarter. Finally, Gryphon Financial Partners LLC acquired a new stake in shares of Korea Electric Power in the 1st quarter worth approximately $316,000.
Analyst Upgrades and Downgrades
Several research analysts have recently issued reports on the stock. Morgan Stanley cut shares of Korea Electric Power from an “equal weight” rating to an “underweight” rating in a report on Tuesday, May 19th. Zacks Research cut Korea Electric Power from a “hold” rating to a “strong sell” rating in a report on Monday, July 13th. Finally, Weiss Ratings downgraded Korea Electric Power from a “buy (b)” rating to a “hold (c+)” rating in a research report on Wednesday, May 27th. Two research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Korea Electric Power currently has a consensus rating of “Reduce”.
Korea Electric Power Price Performance
Shares of NYSE KEP opened at $12.53 on Monday. Korea Electric Power Corporation has a twelve month low of $11.25 and a twelve month high of $23.41. The company has a current ratio of 0.43, a quick ratio of 0.29 and a debt-to-equity ratio of 1.56. The firm has a 50-day moving average of $12.27 and a two-hundred day moving average of $15.37. The company has a market capitalization of $16.08 billion, a price-to-earnings ratio of 2.62, a PEG ratio of 2.15 and a beta of 0.95.
Korea Electric Power (NYSE:KEP – Get Free Report) last announced its quarterly earnings data on Wednesday, June 17th. The utilities provider reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.27 by $0.06. The company had revenue of $16.22 billion for the quarter, compared to analysts’ expectations of $17.21 billion. Korea Electric Power had a net margin of 8.95% and a return on equity of 18.25%. As a group, analysts expect that Korea Electric Power Corporation will post 2.83 earnings per share for the current fiscal year.
Korea Electric Power Profile
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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