Moody National Bank Trust Division purchased a new stake in shares of Korea Electric Power Co. (NYSE:KEP) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 31,075 shares of the utilities provider’s stock, valued at approximately $409,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ladenburg Thalmann Financial Services Inc. raised its position in Korea Electric Power by 194.6% during the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 10,021 shares of the utilities provider’s stock valued at $154,000 after purchasing an additional 6,620 shares in the last quarter. Fox Run Management L.L.C. purchased a new stake in Korea Electric Power during the third quarter valued at about $142,000. Greenleaf Trust purchased a new stake in Korea Electric Power during the third quarter valued at about $182,000. Cubist Systematic Strategies LLC purchased a new stake in Korea Electric Power during the second quarter valued at about $205,000. Finally, FNY Investment Advisers LLC purchased a new stake in Korea Electric Power during the third quarter valued at about $263,000. Institutional investors and hedge funds own 4.16% of the company’s stock.
NYSE KEP opened at $12.17 on Tuesday. Korea Electric Power Co. has a twelve month low of $10.52 and a twelve month high of $18.34. The company has a current ratio of 0.78, a quick ratio of 0.53 and a debt-to-equity ratio of 0.69. The stock has a market cap of $15.28 billion, a price-to-earnings ratio of 62.63 and a beta of 0.57.
Korea Electric Power (NYSE:KEP) last released its quarterly earnings results on Tuesday, September 11th. The utilities provider reported ($0.67) earnings per share for the quarter. Korea Electric Power had a net margin of 0.67% and a return on equity of 0.43%. The firm had revenue of $12 billion for the quarter. On average, analysts predict that Korea Electric Power Co. will post -0.68 EPS for the current fiscal year.
Separately, Zacks Investment Research downgraded Korea Electric Power from a “hold” rating to a “sell” rating in a research report on Tuesday, October 23rd. Two analysts have rated the stock with a sell rating and five have given a hold rating to the stock. The company presently has an average rating of “Hold”.
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Korea Electric Power Profile
Korea Electric Power Corporation, an integrated electric utility company, generates, transmits, and distributes electricity in Korea and internationally. The company operates through Transmission and Distribution, Electric Power Generation (Nuclear), Electric Power Generation (Non-nuclear), Plant Maintenance & Engineering Service, and Others segments.
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