Capital Wealth Planning LLC Raises Position in Korea Electric Power Corporation $KEP

Capital Wealth Planning LLC grew its holdings in shares of Korea Electric Power Corporation (NYSE:KEP) by 56.6% during the fourth quarter, HoldingsChannel reports. The firm owned 595,498 shares of the utilities provider’s stock after purchasing an additional 215,150 shares during the quarter. Capital Wealth Planning LLC’s holdings in Korea Electric Power were worth $9,921,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Syon Capital LLC lifted its stake in shares of Korea Electric Power by 4.5% during the 4th quarter. Syon Capital LLC now owns 12,226 shares of the utilities provider’s stock worth $202,000 after purchasing an additional 526 shares during the period. Vise Technologies Inc. raised its position in shares of Korea Electric Power by 3.0% in the 4th quarter. Vise Technologies Inc. now owns 22,518 shares of the utilities provider’s stock worth $372,000 after buying an additional 654 shares during the period. Wealthstream Advisors Inc. raised its position in shares of Korea Electric Power by 6.1% in the 3rd quarter. Wealthstream Advisors Inc. now owns 12,594 shares of the utilities provider’s stock worth $164,000 after buying an additional 727 shares during the period. Coldstream Capital Management Inc. raised its position in shares of Korea Electric Power by 6.2% in the 3rd quarter. Coldstream Capital Management Inc. now owns 12,851 shares of the utilities provider’s stock worth $168,000 after buying an additional 746 shares during the period. Finally, Personal CFO Solutions LLC raised its position in shares of Korea Electric Power by 4.9% in the 4th quarter. Personal CFO Solutions LLC now owns 19,161 shares of the utilities provider’s stock worth $316,000 after buying an additional 900 shares during the period.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on KEP. Morgan Stanley lowered Korea Electric Power from an “equal weight” rating to an “underweight” rating in a research report on Tuesday, May 19th. Zacks Research raised Korea Electric Power from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 28th. Weiss Ratings lowered Korea Electric Power from a “buy (b)” rating to a “hold (c+)” rating in a research report on Wednesday, May 27th. Bank of America lowered Korea Electric Power from a “buy” rating to a “neutral” rating in a research report on Tuesday, March 31st. Finally, Wall Street Zen lowered Korea Electric Power from a “buy” rating to a “hold” rating in a research report on Sunday, March 22nd. Three research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Reduce”.

Korea Electric Power Stock Down 2.1%

Shares of NYSE KEP opened at $11.93 on Thursday. Korea Electric Power Corporation has a 12-month low of $10.08 and a 12-month high of $23.41. The company has a market cap of $15.31 billion, a P/E ratio of 2.54, a P/E/G ratio of 1.81 and a beta of 0.93. The company has a current ratio of 0.46, a quick ratio of 0.31 and a debt-to-equity ratio of 1.70. The stock has a fifty day moving average price of $14.09 and a 200 day moving average price of $16.88.

Korea Electric Power (NYSE:KEP) last announced its quarterly earnings results on Saturday, February 14th. The utilities provider reported ($0.10) earnings per share (EPS) for the quarter. Korea Electric Power had a net margin of 8.80% and a return on equity of 18.76%. The company had revenue of $13.61 billion during the quarter. Research analysts anticipate that Korea Electric Power Corporation will post 3.29 EPS for the current fiscal 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.