PNC Financial Services Group Inc. Has $864,000 Position in Korea Electric Power Corporation $KEP

PNC Financial Services Group Inc. increased its stake in shares of Korea Electric Power Corporation (NYSE:KEP) by 23.5% during the 2nd quarter, Holdings Channel reports. The fund owned 60,668 shares of the utilities provider’s stock after acquiring an additional 11,527 shares during the period. PNC Financial Services Group Inc.’s holdings in Korea Electric Power were worth $864,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of KEP. Vise Technologies Inc. acquired a new position in shares of Korea Electric Power during the second quarter valued at about $283,000. Simon Quick Advisors LLC bought a new stake in Korea Electric Power in the 2nd quarter valued at about $147,000. Hantz Financial Services Inc. raised its stake in Korea Electric Power by 204.3% during the 2nd quarter. Hantz Financial Services Inc. now owns 2,757 shares of the utilities provider’s stock worth $39,000 after buying an additional 1,851 shares during the period. Envestnet Asset Management Inc. acquired a new position in Korea Electric Power during the 2nd quarter worth approximately $2,698,000. Finally, Oppenheimer Asset Management Inc. bought a new position in Korea Electric Power in the second quarter worth approximately $703,000.

Analyst Upgrades and Downgrades

KEP has been the subject of several recent research reports. Weiss Ratings restated a “hold (c)” rating on shares of Korea Electric Power in a report on Wednesday, October 8th. Zacks Research raised shares of Korea Electric Power to a “hold” rating in a research report on Wednesday. Finally, Wall Street Zen upgraded shares of Korea Electric Power from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 1st. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has an average rating of “Hold”.

Korea Electric Power Stock Up 0.1%

KEP stock opened at $16.75 on Friday. The firm has a market capitalization of $21.51 billion, a PE ratio of 4.77 and a beta of 0.96. The company has a quick ratio of 0.31, a current ratio of 0.46 and a debt-to-equity ratio of 2.05. Korea Electric Power Corporation has a twelve month low of $6.68 and a twelve month high of $17.35. The stock’s 50 day moving average is $14.55 and its 200-day moving average is $13.21.

Korea Electric Power (NYSE:KEP) last announced its quarterly earnings results on Monday, September 15th. The utilities provider reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.03. The business had revenue of $15.70 billion during the quarter, compared to the consensus estimate of $19.45 billion. Korea Electric Power had a return on equity of 15.34% and a net margin of 6.58%.

About Korea Electric Power

Korea Electric Power Corporation, an integrated electric utility company, engages in the generation, transmission, and distribution of electricity in South Korea and internationally. The company operates through Transmission and Distribution, Nuclear Power Generation, Thermal Power Generation, and Others segments.