44,920 Shares in Korea Electric Power Corporation $KEP Bought by Whittier Trust Co.

Whittier Trust Co. acquired a new position in Korea Electric Power Corporation (NYSE:KEP) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 44,920 shares of the utilities provider’s stock, valued at approximately $619,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Global Trust Asset Management LLC bought a new stake in Korea Electric Power during the 1st quarter valued at approximately $28,000. Rockefeller Capital Management L.P. increased its holdings in shares of Korea Electric Power by 47.0% in the 4th quarter. Rockefeller Capital Management L.P. now owns 2,264 shares of the utilities provider’s stock worth $37,000 after buying an additional 724 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of Korea Electric Power by 21.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,625 shares of the utilities provider’s stock worth $44,000 after buying an additional 466 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of Korea Electric Power during the 4th quarter valued at about $45,000. Finally, Barclays PLC bought a new position in shares of Korea Electric Power in the 4th quarter valued at about $45,000.

Korea Electric Power Price Performance

Shares of KEP stock opened at $12.29 on Thursday. The company has a market cap of $15.77 billion, a P/E ratio of 2.57, a PEG ratio of 2.15 and a beta of 0.95. The stock’s 50-day moving average is $13.17 and its 200 day moving average is $16.22. Korea Electric Power Corporation has a 1-year low of $11.78 and a 1-year high of $23.41. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.43 and a quick ratio of 0.29.

Korea Electric Power (NYSE:KEP) last released its quarterly earnings results on Tuesday, June 16th. The utilities provider reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.27 by $0.06. Korea Electric Power had a net margin of 8.95% and a return on equity of 18.25%. The business had revenue of $16.22 billion for the quarter, compared to analyst estimates of $17.21 billion. Research analysts predict that Korea Electric Power Corporation will post 2.83 earnings per share for the current fiscal year.

Analyst Ratings Changes

KEP has been the subject of several recent analyst reports. Morgan Stanley lowered shares of Korea Electric Power from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, May 19th. Weiss Ratings lowered shares of Korea Electric Power from a “buy (b)” rating to a “hold (c+)” rating in a report on Wednesday, May 27th. Zacks Research raised shares of Korea Electric Power from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 28th. Wall Street Zen downgraded shares of Korea Electric Power from a “buy” rating to a “hold” rating in a report on Sunday, March 22nd. Finally, 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. Three research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Korea Electric Power has a consensus rating of “Reduce”.

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.