Korea Electric Power (NYSE:KEP) Releases Quarterly Earnings Results

Korea Electric Power (NYSE:KEP) posted its quarterly earnings data on Tuesday. The utilities provider reported $1.29 earnings per share for the quarter, FiscalAI reports. The company had revenue of $16.22 billion during the quarter. Korea Electric Power had a net margin of 8.80% and a return on equity of 18.76%.

Korea Electric Power Stock Performance

Shares of Korea Electric Power stock opened at $13.18 on Wednesday. The company has a debt-to-equity ratio of 1.70, a current ratio of 0.46 and a quick ratio of 0.31. The firm has a market cap of $16.92 billion, a P/E ratio of 2.80, a P/E/G ratio of 2.34 and a beta of 0.93. The firm has a 50 day simple moving average of $13.98 and a 200 day simple moving average of $16.76. Korea Electric Power has a fifty-two week low of $10.22 and a fifty-two week high of $23.41.

Institutional Trading of Korea Electric Power

A number of hedge funds and other institutional investors have recently modified their holdings of KEP. AQR Capital Management LLC increased its holdings in shares of Korea Electric Power by 18.5% in the first quarter. AQR Capital Management LLC now owns 29,211 shares of the utilities provider’s stock valued at $216,000 after purchasing an additional 4,556 shares in the last quarter. Creative Planning acquired a new stake in Korea Electric Power during the 2nd quarter worth $179,000. Marshall Wace LLP grew its holdings in Korea Electric Power by 3.4% during the 2nd quarter. Marshall Wace LLP now owns 191,445 shares of the utilities provider’s stock worth $2,726,000 after acquiring an additional 6,336 shares during the period. Sei Investments Co. grew its holdings in Korea Electric Power by 122.5% during the 2nd quarter. Sei Investments Co. now owns 142,109 shares of the utilities provider’s stock worth $2,024,000 after acquiring an additional 78,238 shares during the period. Finally, Diversify Advisory Services LLC acquired a new stake in Korea Electric Power during the 2nd quarter worth $360,000.

Wall Street Analysts Forecast Growth

KEP has been the subject of several recent analyst reports. Bank of America lowered shares of Korea Electric Power from a “buy” rating to a “neutral” rating in a report on Tuesday, March 31st. Wall Street Zen lowered shares of Korea Electric Power from a “buy” rating to a “hold” rating in a report on Sunday, March 22nd. Zacks Research raised shares of Korea Electric Power from a “strong sell” rating to a “hold” rating in a report on Thursday, May 28th. 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. Finally, Morgan Stanley lowered shares of Korea Electric Power from an “equal weight” rating to an “underweight” rating in a report on Tuesday, May 19th. Three research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Korea Electric Power currently has a consensus rating of “Reduce”.

Korea Electric Power Company 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.