Whittier Trust Co. Acquires Shares of 44,920 Korea Electric Power Corporation $KEP

Whittier Trust Co. bought a new position in shares of Korea Electric Power Corporation (NYSE:KEP) during the first quarter, according to its most recent filing with the SEC. The fund bought 44,920 shares of the utilities provider’s stock, valued at approximately $619,000.

Other institutional investors also recently added to or reduced their stakes in the company. Global Trust Asset Management LLC purchased a new position in shares of Korea Electric Power during the 1st quarter valued at $28,000. Rockefeller Capital Management L.P. raised its stake in Korea Electric Power by 47.0% in the 4th quarter. Rockefeller Capital Management L.P. now owns 2,264 shares of the utilities provider’s stock valued at $37,000 after acquiring an additional 724 shares during the period. Smartleaf Asset Management LLC raised its stake in Korea Electric Power by 21.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,625 shares of the utilities provider’s stock valued at $44,000 after acquiring an additional 466 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in Korea Electric Power during the fourth quarter valued at about $45,000. Finally, Barclays PLC purchased a new stake in Korea Electric Power during the fourth quarter valued at about $45,000.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on KEP. Zacks Research upgraded Korea Electric Power from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 28th. Bank of America lowered Korea Electric Power from a “buy” rating to a “neutral” rating in a report on Tuesday, March 31st. Weiss Ratings cut shares of Korea Electric Power from a “buy (b)” rating to a “hold (c+)” rating in a research note on Wednesday, May 27th. Morgan Stanley cut shares of Korea Electric Power from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, May 19th. Finally, 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. Three research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Reduce”.

Korea Electric Power Trading Down 1.7%

NYSE:KEP opened at $12.29 on Thursday. The firm has a market capitalization of $15.77 billion, a P/E ratio of 2.57, a P/E/G ratio of 2.15 and a beta of 0.95. 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 fifty day moving average of $13.17 and a 200 day moving average of $16.22. Korea Electric Power Corporation has a 52 week low of $11.78 and a 52 week high of $23.41.

Korea Electric Power (NYSE:KEP) last issued its quarterly earnings data on Tuesday, June 16th. The utilities provider reported $1.33 earnings per share for the quarter, topping analysts’ consensus estimates of $1.27 by $0.06. Korea Electric Power had a return on equity of 18.25% and a net margin of 8.95%.The firm had revenue of $16.22 billion for the quarter, compared to analyst estimates of $17.21 billion. On average, research analysts predict that Korea Electric Power Corporation will post 2.83 earnings per share 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.