Public Employees Retirement System of Ohio Buys New Stake in Korea Electric Power Corporation $KEP

Public Employees Retirement System of Ohio purchased a new stake in Korea Electric Power Corporation (NYSE:KEP) during the second quarter, HoldingsChannel.com reports. The fund purchased 119,014 shares of the utilities provider’s stock, valued at approximately $8,951,000.

A number of other institutional investors also recently bought and sold shares of the business. Global Trust Asset Management LLC acquired a new position in shares of Korea Electric Power during the 1st quarter worth about $28,000. Rockefeller Capital Management L.P. raised its position in shares of Korea Electric Power by 47.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 2,264 shares of the utilities provider’s stock worth $37,000 after acquiring an additional 724 shares in the last quarter. Smartleaf Asset Management LLC lifted 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 purchasing an additional 466 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in Korea Electric Power during the fourth quarter worth approximately $45,000. Finally, Barclays PLC acquired a new position in Korea Electric Power in the fourth quarter valued at approximately $45,000.

Wall Street Analyst Weigh In

A number of research firms have weighed in on KEP. Zacks Research raised shares of Korea Electric Power from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 11th. Morgan Stanley cut shares of Korea Electric Power from an “equal weight” rating to an “underweight” rating in a report on Tuesday, May 19th. Nomura downgraded shares of Korea Electric Power from a “buy” rating to a “neutral” rating in a research report on Thursday, August 13th. Finally, Weiss Ratings lowered shares of Korea Electric Power from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, August 20th. Four equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Korea Electric Power presently has an average rating of “Reduce”.

Korea Electric Power Stock Down 0.6%

KEP opened at $11.61 on Tuesday. Korea Electric Power Corporation has a 52 week low of $11.15 and a 52 week high of $23.41. The business has a 50 day moving average price of $11.94 and a two-hundred day moving average price of $14.28. The company has a quick ratio of 0.29, a current ratio of 0.43 and a debt-to-equity ratio of 1.56. The company has a market cap of $14.91 billion, a PE ratio of 2.43, a P/E/G ratio of 2.23 and a beta of 0.95.

Korea Electric Power (NYSE:KEP) last announced its earnings results on Wednesday, August 12th. The utilities provider reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.18). Korea Electric Power had a net margin of 8.95% and a return on equity of 18.25%. The company had revenue of $14.15 billion during the quarter, compared to analysts’ expectations of $15.31 billion. As a group, research analysts anticipate that Korea Electric Power Corporation will post 2.56 EPS for the current 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.