Kopernik Global Investors LLC Trims Stake in Korea Electric Power Corporation $KEP

Kopernik Global Investors LLC lessened its holdings in Korea Electric Power Corporation (NYSE:KEP) by 22.8% during the 1st quarter, HoldingsChannel.com reports. The firm owned 207,140 shares of the utilities provider’s stock after selling 61,011 shares during the period. Korea Electric Power accounts for approximately 0.2% of Kopernik Global Investors LLC’s holdings, making the stock its 24th largest holding. Kopernik Global Investors LLC’s holdings in Korea Electric Power were worth $2,952,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Global Trust Asset Management LLC purchased a new stake in Korea Electric Power in the 1st quarter valued at about $28,000. Rockefeller Capital Management L.P. boosted its stake in Korea Electric Power by 47.0% during the fourth quarter. Rockefeller Capital Management L.P. now owns 2,264 shares of the utilities provider’s stock worth $37,000 after buying an additional 724 shares during the period. Smartleaf Asset Management LLC boosted its stake in Korea Electric Power by 21.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,625 shares of the utilities provider’s stock worth $44,000 after buying an additional 466 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Korea Electric Power during the fourth quarter valued at about $45,000. Finally, Barclays PLC acquired a new stake in shares of Korea Electric Power during the fourth quarter valued at about $45,000.

Korea Electric Power Stock Up 1.1%

Shares of KEP opened at $11.86 on Thursday. The stock has a market capitalization of $15.23 billion, a PE ratio of 2.48, a P/E/G ratio of 2.02 and a beta of 0.95. Korea Electric Power Corporation has a 1 year low of $11.25 and a 1 year high of $23.41. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.29 and a current ratio of 0.43. The company’s 50-day simple moving average is $12.52 and its 200-day simple moving average is $15.86.

Korea Electric Power (NYSE:KEP) last announced its quarterly earnings data on Wednesday, June 17th. The utilities provider reported $1.33 earnings per share for the quarter, beating analysts’ consensus estimates of $1.27 by $0.06. Korea Electric Power had a net margin of 8.95% and a return on equity of 18.25%. The firm had revenue of $16.22 billion during the quarter, compared to analysts’ expectations of $17.21 billion. Analysts forecast that Korea Electric Power Corporation will post 2.83 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Zacks Research lowered shares of Korea Electric Power from a “hold” rating to a “strong sell” rating in a report on Monday, July 13th. Morgan Stanley downgraded shares of Korea Electric Power from an “equal weight” rating to an “underweight” rating in a report on Tuesday, May 19th. Bank of America lowered Korea Electric Power from a “buy” rating to a “neutral” rating in a research report on Tuesday, March 31st. Finally, Weiss Ratings lowered Korea Electric Power from a “buy (b)” rating to a “hold (c+)” rating in a research report on Wednesday, May 27th. Two research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Reduce”.

Korea Electric Power 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.