Quadrant Capital Group LLC grew its holdings in shares of Korea Electric Power Co. (NYSE:KEP) by 42.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 30,862 shares of the utilities provider’s stock after acquiring an additional 9,272 shares during the period. Quadrant Capital Group LLC’s holdings in Korea Electric Power were worth $398,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Rehmann Capital Advisory Group grew its stake in shares of Korea Electric Power by 204.9% in the 3rd quarter. Rehmann Capital Advisory Group now owns 2,293 shares of the utilities provider’s stock valued at $30,000 after buying an additional 1,541 shares during the period. Quantamental Technologies LLC acquired a new position in Korea Electric Power during the 4th quarter valued at about $35,000. BNP Paribas Arbitrage SA boosted its stake in Korea Electric Power by 171.9% during the 1st quarter. BNP Paribas Arbitrage SA now owns 2,825 shares of the utilities provider’s stock valued at $37,000 after purchasing an additional 1,786 shares during the last quarter. Lindbrook Capital LLC acquired a new position in Korea Electric Power during the 4th quarter valued at about $58,000. Finally, Stamos Capital Partners L.P. acquired a new position in Korea Electric Power during the 4th quarter valued at about $68,000. Hedge funds and other institutional investors own 3.96% of the company’s stock.
Shares of Korea Electric Power stock traded up $0.03 during mid-day trading on Wednesday, hitting $10.53. 204,800 shares of the stock were exchanged, compared to its average volume of 368,585. The company has a quick ratio of 0.57, a current ratio of 0.90 and a debt-to-equity ratio of 0.75. The stock has a market cap of $13.48 billion, a P/E ratio of -11.32, a P/E/G ratio of 3.94 and a beta of 0.16. Korea Electric Power Co. has a 12 month low of $10.39 and a 12 month high of $16.54.
Korea Electric Power (NYSE:KEP) last posted its quarterly earnings results on Monday, March 11th. The utilities provider reported ($0.56) EPS for the quarter. The company had revenue of $13.81 billion during the quarter. Korea Electric Power had a negative return on equity of 1.74% and a negative net margin of 2.03%. On average, equities analysts anticipate that Korea Electric Power Co. will post 0.54 EPS for the current year.
A number of research firms have issued reports on KEP. Jefferies Financial Group downgraded Korea Electric Power from a “buy” rating to a “hold” rating in a research note on Monday, January 28th. ValuEngine cut shares of Korea Electric Power from a “hold” rating to a “sell” rating in a research report on Thursday, April 18th. Zacks Investment Research cut shares of Korea Electric Power from a “buy” rating to a “strong sell” rating in a research report on Thursday, April 25th. Daiwa Capital Markets cut shares of Korea Electric Power from a “buy” rating to a “hold” rating in a research report on Tuesday, May 7th. Finally, Morgan Stanley cut shares of Korea Electric Power to an “equal weight” rating in a research report on Tuesday, May 14th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $18.00.
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Korea Electric Power Company 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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