Korea Electric Power Corporation (NYSE:KEP – Get Free Report) was the target of a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 1,027,515 shares, a growth of 62.0% from the May 14th total of 634,373 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 1,197,780 shares, the days-to-cover ratio is currently 0.9 days.
Hedge Funds Weigh In On Korea Electric Power
Hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. raised its position in Korea Electric Power by 47,424.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 375,442 shares of the utilities provider’s stock worth $4,900,000 after buying an additional 374,652 shares during the last quarter. Capital Wealth Planning LLC grew its stake 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 valued at $4,964,000 after purchasing an additional 176,920 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in shares of Korea Electric Power during the 3rd quarter valued at about $456,000. Assetmark Inc. grew its stake in shares of Korea Electric Power by 1,172,236.7% during the 3rd quarter. Assetmark Inc. now owns 351,701 shares of the utilities provider’s stock valued at $4,590,000 after purchasing an additional 351,671 shares during the period. Finally, Northwestern Mutual Wealth Management Co. grew its stake in shares of Korea Electric Power by 4,179.1% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 99,404 shares of the utilities provider’s stock valued at $1,640,000 after purchasing an additional 97,081 shares during the period.
Analyst Ratings Changes
Several equities analysts have commented on the company. Bank of America lowered Korea Electric Power from a “buy” rating to a “neutral” rating in a research report on Tuesday, March 31st. Zacks Research raised Korea Electric Power from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 28th. Morgan Stanley lowered Korea Electric Power from an “equal weight” rating to an “underweight” rating in a research report on Tuesday, May 19th. Weiss Ratings lowered Korea Electric Power from a “buy (b)” rating to a “hold (c+)” rating in a research report on Wednesday, May 27th. Finally, Wall Street Zen lowered Korea Electric Power from a “buy” rating to a “hold” rating in a research report on Sunday, March 22nd. Three research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Reduce”.
Korea Electric Power Price Performance
KEP opened at $13.19 on Thursday. The stock has a 50-day moving average price of $13.97 and a 200-day moving average price of $16.72. The company has a debt-to-equity ratio of 1.70, a current ratio of 0.46 and a quick ratio of 0.31. The firm has a market cap of $16.93 billion, a PE ratio of 2.81, a P/E/G ratio of 2.28 and a beta of 0.93. Korea Electric Power has a 1 year low of $10.22 and a 1 year high of $23.41.
Korea Electric Power (NYSE:KEP – Get Free Report) last issued its earnings results on Tuesday, June 16th. The utilities provider reported $1.29 earnings per share for the quarter. Korea Electric Power had a return on equity of 18.76% and a net margin of 8.80%.The business had revenue of $16.22 billion during the quarter. Sell-side analysts predict that Korea Electric Power will post 2.83 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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