Korea Electric Power (NYSE:KEP) Issues Earnings Results

Korea Electric Power (NYSE:KEP) posted its quarterly earnings data on Wednesday. The utilities provider reported $1.29 earnings per share for the quarter, topping analysts’ consensus estimates of $1.23 by $0.06, FiscalAI reports. Korea Electric Power had a return on equity of 18.76% and a net margin of 8.80%.The company had revenue of $16.22 billion during the quarter, compared to analysts’ expectations of $16.81 billion.

Korea Electric Power Price Performance

Korea Electric Power stock traded down $0.65 during midday trading on Thursday, reaching $13.14. The company’s stock had a trading volume of 1,273,780 shares, compared to its average volume of 711,980. Korea Electric Power has a fifty-two week low of $9.33 and a fifty-two week high of $23.41. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.31 and a current ratio of 0.46. The stock’s 50 day simple moving average is $15.36 and its 200 day simple moving average is $17.32. The firm has a market capitalization of $16.86 billion, a PE ratio of 2.79, a P/E/G ratio of 0.15 and a beta of 0.99.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on KEP shares. Zacks Research cut Korea Electric Power from a “hold” rating to a “strong sell” rating in a research report on Tuesday, March 31st. Wall Street Zen lowered shares of Korea Electric Power from a “buy” rating to a “hold” rating in a research note on Sunday, March 22nd. Bank of America cut shares of Korea Electric Power from a “buy” rating to a “neutral” rating in a report on Tuesday, March 31st. Finally, Weiss Ratings downgraded shares of Korea Electric Power from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, April 29th. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Korea Electric Power has a consensus rating of “Reduce”.

Hedge Funds Weigh In On Korea Electric Power

A number of large investors have recently made changes to their positions in KEP. Compound Planning Inc. boosted its holdings in Korea Electric Power by 22.2% during the fourth quarter. Compound Planning Inc. now owns 21,271 shares of the utilities provider’s stock worth $351,000 after buying an additional 3,868 shares in the last quarter. Summit Global Investments lifted its position in shares of Korea Electric Power by 183.0% during the 4th quarter. Summit Global Investments now owns 39,976 shares of the utilities provider’s stock valued at $660,000 after acquiring an additional 25,852 shares during the period. Inspire Investing LLC acquired a new stake in shares of Korea Electric Power during the 4th quarter valued at approximately $99,000. Engineers Gate Manager LP boosted its stake in shares of Korea Electric Power by 21.7% during the 4th quarter. Engineers Gate Manager LP now owns 18,898 shares of the utilities provider’s stock worth $312,000 after acquiring an additional 3,373 shares in the last quarter. Finally, AQR Capital Management LLC grew its holdings in shares of Korea Electric Power by 13.2% in the 4th quarter. AQR Capital Management LLC now owns 58,571 shares of the utilities provider’s stock worth $966,000 after acquiring an additional 6,809 shares during the period.

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.