Korea Electric Power Co. (NYSE:KEP) Stake Lessened by Donald Smith & CO. Inc.

Donald Smith & CO. Inc. lessened its stake in shares of Korea Electric Power Co. (NYSE:KEP) by 19.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,199,927 shares of the utilities provider’s stock after selling 284,826 shares during the quarter. Donald Smith & CO. Inc.’s holdings in Korea Electric Power were worth $8,255,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB acquired a new position in shares of Korea Electric Power during the 3rd quarter valued at $35,000. Wealthstream Advisors Inc. acquired a new position in Korea Electric Power during the fourth quarter worth about $71,000. Stifel Financial Corp acquired a new position in Korea Electric Power during the third quarter worth about $96,000. EntryPoint Capital LLC bought a new stake in Korea Electric Power in the fourth quarter worth about $126,000. Finally, O Shaughnessy Asset Management LLC lifted its holdings in Korea Electric Power by 14.1% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 19,308 shares of the utilities provider’s stock valued at $133,000 after acquiring an additional 2,392 shares during the last quarter.

Korea Electric Power Trading Down 0.1 %

Korea Electric Power stock opened at $7.31 on Thursday. Korea Electric Power Co. has a 1 year low of $6.68 and a 1 year high of $9.43. The firm’s 50 day moving average price is $7.47 and its two-hundred day moving average price is $7.63. The firm has a market cap of $9.39 billion, a price-to-earnings ratio of 3.38 and a beta of 0.99. The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.30 and a current ratio of 0.43.

Korea Electric Power (NYSE:KEP) last issued its earnings results on Tuesday, March 11th. The utilities provider reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.02. Korea Electric Power had a return on equity of 9.64% and a net margin of 4.03%. The business had revenue of $16.82 billion for the quarter, compared to analysts’ expectations of $17.04 billion.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Korea Electric Power from a “buy” rating to a “hold” rating in a research note on Wednesday, March 26th.

Korea Electric Power Profile

Korea Electric Power Corporation, an integrated electric utility company, engages in the generation, transmission, and distribution of electricity in South Korea and internationally. The company operates through Transmission and Distribution, Nuclear Power Generation, Thermal Power Generation, and Others segments.