Lazard Asset Management LLC Has $1.95 Million Position in Korea Electric Power Corporation $KEP

Lazard Asset Management LLC lessened its position in Korea Electric Power Corporation (NYSE:KEP) by 24.8% in the first quarter, HoldingsChannel.com reports. The fund owned 137,003 shares of the utilities provider’s stock after selling 45,186 shares during the period. Lazard Asset Management LLC’s holdings in Korea Electric Power were worth $1,952,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the company. Global Trust Asset Management LLC bought a new stake in shares of Korea Electric Power in the 1st quarter valued at about $28,000. Rockefeller Capital Management L.P. grew its holdings in Korea Electric Power by 47.0% during the fourth quarter. Rockefeller Capital Management L.P. now owns 2,264 shares of the utilities provider’s stock worth $37,000 after purchasing an additional 724 shares during the period. Smartleaf Asset Management LLC grew its holdings in 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 purchasing an additional 466 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in Korea Electric Power during the fourth quarter worth approximately $45,000. Finally, Barclays PLC acquired a new position in Korea Electric Power during the fourth quarter worth approximately $45,000.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Morgan Stanley cut Korea Electric Power from an “equal weight” rating to an “underweight” rating in a research report on Tuesday, May 19th. Weiss Ratings lowered Korea Electric Power from a “buy (b)” rating to a “hold (c+)” rating in a report on Wednesday, May 27th. Finally, Zacks Research downgraded Korea Electric Power from a “hold” rating to a “strong sell” rating in a report on Monday, July 13th. Two equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Reduce”.

Korea Electric Power Stock Down 0.0%

Shares of KEP opened at $11.95 on Monday. Korea Electric Power Corporation has a 52 week low of $11.25 and a 52 week high of $23.41. The firm has a market cap of $15.34 billion, a P/E ratio of 2.50, a price-to-earnings-growth ratio of 2.06 and a beta of 0.95. The firm’s 50-day simple moving average is $12.36 and its 200 day simple moving average is $15.59. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.29 and a current ratio of 0.43.

Korea Electric Power (NYSE:KEP) last released its quarterly earnings results on Wednesday, June 17th. The utilities provider reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.27 by $0.06. The firm had revenue of $16.22 billion for the quarter, compared to analysts’ expectations of $17.21 billion. Korea Electric Power had a net margin of 8.95% and a return on equity of 18.25%. On average, analysts forecast that Korea Electric Power Corporation will post 2.83 earnings per share for the current year.

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.