Dorsey Wright & Associates Takes $1.45 Million Position in Korea Electric Power Corporation $KEP

Dorsey Wright & Associates bought a new position in Korea Electric Power Corporation (NYSE:KEP) during the third quarter, Holdings Channel reports. The fund bought 111,416 shares of the utilities provider’s stock, valued at approximately $1,454,000.

Several other institutional investors also recently modified their holdings of the business. AQR Capital Management LLC lifted its position in Korea Electric Power by 18.5% during the 1st quarter. AQR Capital Management LLC now owns 29,211 shares of the utilities provider’s stock valued at $216,000 after acquiring an additional 4,556 shares during the period. PNC Financial Services Group Inc. grew its holdings in Korea Electric Power by 23.5% in the second quarter. PNC Financial Services Group Inc. now owns 60,668 shares of the utilities provider’s stock worth $864,000 after purchasing an additional 11,527 shares during the period. Creative Planning bought a new position in shares of Korea Electric Power during the second quarter valued at approximately $179,000. Pinnacle Wealth Planning Services Inc. lifted its holdings in shares of Korea Electric Power by 39.0% during the second quarter. Pinnacle Wealth Planning Services Inc. now owns 23,465 shares of the utilities provider’s stock valued at $334,000 after purchasing an additional 6,579 shares during the last quarter. Finally, Seeds Investor LLC purchased a new position in shares of Korea Electric Power during the second quarter valued at approximately $159,000.

Korea Electric Power Stock Up 1.8%

Shares of Korea Electric Power stock opened at $16.56 on Wednesday. The company has a quick ratio of 0.31, a current ratio of 0.46 and a debt-to-equity ratio of 1.70. Korea Electric Power Corporation has a 52-week low of $7.19 and a 52-week high of $23.41. The company has a 50-day simple moving average of $19.76 and a two-hundred day simple moving average of $16.90.

Korea Electric Power (NYSE:KEP) last posted its quarterly earnings results on Tuesday, March 10th. The utilities provider reported $0.71 EPS for the quarter. The firm had revenue of $14.92 billion for the quarter, compared to analysts’ expectations of $16.37 billion. Korea Electric Power had a net margin of 8.80% and a return on equity of 18.76%.

Analysts Set New Price Targets

Several research firms recently weighed in on KEP. Zacks Research upgraded Korea Electric Power to a “hold” rating in a research note on Wednesday, November 19th. Weiss Ratings cut Korea Electric Power from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday. Finally, Wall Street Zen downgraded Korea Electric Power from a “strong-buy” rating to a “buy” rating in a report on Saturday. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, Korea Electric Power currently has an average rating of “Hold”.

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.