Profund Advisors LLC lowered its position in Korea Electric Power Co. (NYSE:KEP) by 62.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 28,126 shares of the utilities provider’s stock after selling 46,289 shares during the quarter. Profund Advisors LLC’s holdings in Korea Electric Power were worth $498,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in KEP. Silchester International Investors LLP lifted its stake in Korea Electric Power by 3.4% in the fourth quarter. Silchester International Investors LLP now owns 31,165,495 shares of the utilities provider’s stock valued at $551,941,000 after acquiring an additional 1,022,455 shares during the last quarter. Waverton Investment Management Ltd acquired a new stake in Korea Electric Power in the fourth quarter valued at $12,352,000. Donald Smith & CO. Inc. lifted its stake in Korea Electric Power by 8.2% in the third quarter. Donald Smith & CO. Inc. now owns 4,888,673 shares of the utilities provider’s stock valued at $81,934,000 after acquiring an additional 370,751 shares during the last quarter. Schroder Investment Management Group acquired a new stake in Korea Electric Power in the third quarter valued at $5,574,000. Finally, Assetmark Inc. lifted its stake in Korea Electric Power by 217.0% in the fourth quarter. Assetmark Inc. now owns 347,324 shares of the utilities provider’s stock valued at $6,151,000 after acquiring an additional 237,749 shares during the last quarter. Hedge funds and other institutional investors own 4.88% of the company’s stock.
A number of analysts have commented on KEP shares. HSBC cut shares of Korea Electric Power from a “buy” rating to a “hold” rating in a research note on Tuesday, February 13th. Macquarie lowered shares of Korea Electric Power from an “outperform” rating to a “neutral” rating in a research report on Friday, February 2nd. Finally, Goldman Sachs raised shares of Korea Electric Power from a “sell” rating to a “neutral” rating in a research report on Friday, February 23rd. Eight investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Korea Electric Power presently has a consensus rating of “Hold”.
KEP stock opened at $14.61 on Wednesday. The firm has a market cap of $18,693.99, a PE ratio of 7.03, a PEG ratio of 0.95 and a beta of 0.46. Korea Electric Power Co. has a 1 year low of $14.52 and a 1 year high of $21.59. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.82 and a quick ratio of 0.56.
Korea Electric Power (NYSE:KEP) last issued its quarterly earnings data on Monday, December 18th. The utilities provider reported $1.05 earnings per share for the quarter. The company had revenue of $14.57 billion for the quarter. Korea Electric Power had a net margin of 2.31% and a return on equity of 1.95%. sell-side analysts predict that Korea Electric Power Co. will post 0.98 EPS for the current fiscal year.
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Korea Electric Power Company Profile
Korea Electric Power Corporation (KEPCO) is an integrated electric utility company engaged in the transmission and distribution of electricity in the Republic of Korea. Its segments include transmission and distribution, nuclear power generation and thermal power generation and all others . The transmission and distribution segment, which is operated by KEPCO, comprise operations related to the transmission, distribution and sale to end-users of electricity.
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