Diversify Wealth Management LLC Has $2.15 Million Stock Holdings in Korea Electric Power Corporation $KEP

Diversify Wealth Management LLC increased its holdings in shares of Korea Electric Power Corporation (NYSE:KEP) by 44.0% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 146,191 shares of the utilities provider’s stock after purchasing an additional 44,648 shares during the quarter. Diversify Wealth Management LLC’s holdings in Korea Electric Power were worth $2,149,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of KEP. Global Trust Asset Management LLC bought a new position in Korea Electric Power in the first quarter valued at approximately $28,000. Rockefeller Capital Management L.P. boosted its holdings in shares of Korea Electric Power by 47.0% in the fourth quarter. Rockefeller Capital Management L.P. now owns 2,264 shares of the utilities provider’s stock valued at $37,000 after buying an additional 724 shares during the period. Smartleaf Asset Management LLC increased its position in shares of Korea Electric Power by 21.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,625 shares of the utilities provider’s stock worth $44,000 after acquiring an additional 466 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of Korea Electric Power during the fourth quarter worth $45,000. Finally, Barclays PLC acquired a new stake in shares of Korea Electric Power during the fourth quarter worth $45,000.

Analyst Upgrades and Downgrades

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

Korea Electric Power Stock Performance

Shares of KEP opened at $11.69 on Tuesday. The firm has a 50-day moving average of $12.99 and a 200-day moving average of $16.12. Korea Electric Power Corporation has a one year low of $11.67 and a one year high of $23.41. The company has a market cap of $15.00 billion, a PE ratio of 2.44, a price-to-earnings-growth ratio of 2.14 and a beta of 0.95. 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 data on Tuesday, June 16th. The utilities provider reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.27 by $0.06. Korea Electric Power had a return on equity of 18.25% and a net margin of 8.95%.The firm had revenue of $16.22 billion for the quarter, compared to analyst estimates of $17.21 billion. As a group, equities analysts forecast that Korea Electric Power Corporation will post 2.83 earnings per share for the current 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.