Korea Electric Power Corporation (NYSE:KEP) Short Interest Update

Korea Electric Power Corporation (NYSE:KEP) was the recipient of a significant decrease in short interest in the month of April. As of April 15th, there was short interest totaling 699,508 shares, a decrease of 20.4% from the March 31st total of 878,985 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 744,545 shares, the short-interest ratio is presently 0.9 days.

Korea Electric Power Price Performance

Shares of NYSE KEP traded down $0.17 during trading on Friday, hitting $15.12. The company had a trading volume of 348,933 shares, compared to its average volume of 618,479. The company has a market cap of $19.42 billion, a P/E ratio of 3.22, a PEG ratio of 0.17 and a beta of 0.99. Korea Electric Power has a 52 week low of $8.90 and a 52 week high of $23.41. The business’s 50-day moving average is $16.30 and its 200 day moving average is $17.26. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.31 and a current ratio of 0.46.

Korea Electric Power (NYSE:KEP) last posted its quarterly earnings results on Saturday, February 14th. The utilities provider reported ($0.10) earnings per share (EPS) for the quarter. Korea Electric Power had a net margin of 8.80% and a return on equity of 18.76%. The company had revenue of $13.61 billion during the quarter. Equities research analysts predict that Korea Electric Power will post 3.47 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on KEP shares. Weiss Ratings downgraded Korea Electric Power from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday. Zacks Research downgraded Korea Electric Power from a “hold” rating to a “strong sell” rating in a research report on Tuesday, March 31st. Wall Street Zen downgraded Korea Electric Power from a “buy” rating to a “hold” rating in a research report on Sunday, March 22nd. Finally, Bank of America cut Korea Electric Power from a “buy” rating to a “neutral” rating in a report on Tuesday, March 31st. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce”.

Institutional Trading of Korea Electric Power

Several large investors have recently added to or reduced their stakes in the company. Diversify Wealth Management LLC raised its stake in Korea Electric Power by 44.0% during the 1st quarter. Diversify Wealth Management LLC now owns 146,191 shares of the utilities provider’s stock valued at $2,149,000 after purchasing an additional 44,648 shares during the period. Sequoia Financial Advisors LLC raised its stake in Korea Electric Power by 5.8% during the 1st quarter. Sequoia Financial Advisors LLC now owns 67,637 shares of the utilities provider’s stock valued at $964,000 after purchasing an additional 3,696 shares during the period. Whittier Trust Co. of Nevada Inc. acquired a new stake in Korea Electric Power during the 1st quarter valued at $404,000. Whittier Trust Co. acquired a new stake in Korea Electric Power during the 1st quarter valued at $619,000. Finally, World Investment Advisors acquired a new stake in Korea Electric Power during the 1st quarter valued at $149,000.

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.