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

Korea Electric Power (NYSE:KEP) announced its quarterly earnings data on Wednesday. The utilities provider reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.23 by $0.06, FiscalAI reports. The business had revenue of $16.22 billion during the quarter, compared to the consensus estimate of $16.81 billion. Korea Electric Power had a net margin of 8.80% and a return on equity of 18.76%.

Korea Electric Power Trading Down 1.1%

Shares of NYSE:KEP traded down $0.16 during trading on Wednesday, reaching $13.83. 530,018 shares of the company were exchanged, compared to its average volume of 700,478. The firm has a market capitalization of $17.75 billion, a PE ratio of 2.94, a P/E/G ratio of 0.16 and a beta of 0.99. The business’s fifty day simple moving average is $15.48 and its 200-day simple moving average is $17.32. The company has a debt-to-equity ratio of 1.70, a current ratio of 0.46 and a quick ratio of 0.31. Korea Electric Power has a 12-month low of $9.19 and a 12-month high of $23.41.

Hedge Funds Weigh In On Korea Electric Power

Institutional investors have recently bought and sold shares of the business. AQR Capital Management LLC increased its holdings in Korea Electric Power by 18.5% during the first quarter. AQR Capital Management LLC now owns 29,211 shares of the utilities provider’s stock valued at $216,000 after buying an additional 4,556 shares during the period. Syon Capital LLC increased its holdings in Korea Electric Power by 4.5% during the fourth quarter. Syon Capital LLC now owns 12,226 shares of the utilities provider’s stock valued at $202,000 after buying an additional 526 shares during the period. Ameriprise Financial Inc. increased its holdings in Korea Electric Power by 14.8% during the third quarter. Ameriprise Financial Inc. now owns 15,151 shares of the utilities provider’s stock valued at $198,000 after buying an additional 1,953 shares during the period. Integrated Wealth Concepts LLC purchased a new position in Korea Electric Power during the third quarter valued at approximately $195,000. Finally, Creative Planning purchased a new position in Korea Electric Power during the second quarter valued at approximately $179,000.

Analysts Set New Price Targets

A number of brokerages have recently commented on KEP. Zacks Research lowered shares of Korea Electric Power from a “hold” rating to a “strong sell” rating in a research report on Tuesday, March 31st. Bank of America lowered shares of Korea Electric Power from a “buy” rating to a “neutral” rating in a research report on Tuesday, March 31st. Wall Street Zen lowered shares of Korea Electric Power from a “buy” rating to a “hold” rating in a research report on Sunday, March 22nd. Finally, Weiss Ratings lowered shares of Korea Electric Power from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, April 29th. Two research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Korea Electric Power has an average 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.