MAI Capital Management Acquires Shares of 6,556 Korea Electric Power Corporation $KEP

MAI Capital Management bought a new position in shares of Korea Electric Power Corporation (NYSE:KEP) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 6,556 shares of the utilities provider’s stock, valued at approximately $93,000.

Several other hedge funds have also bought and sold shares of the business. Envestnet Asset Management Inc. acquired a new position in Korea Electric Power during the second quarter worth $2,698,000. Walleye Capital LLC bought a new stake in shares of Korea Electric Power during the first quarter worth about $568,000. Vanguard Personalized Indexing Management LLC raised its holdings in shares of Korea Electric Power by 57.2% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 175,690 shares of the utilities provider’s stock worth $2,502,000 after acquiring an additional 63,934 shares during the last quarter. Janney Montgomery Scott LLC bought a new position in Korea Electric Power in the 2nd quarter valued at about $824,000. Finally, Oppenheimer Asset Management Inc. acquired a new position in Korea Electric Power during the 2nd quarter valued at about $703,000.

Korea Electric Power Price Performance

KEP opened at $18.38 on Friday. The firm has a 50-day moving average price of $15.01 and a 200-day moving average price of $13.51. Korea Electric Power Corporation has a twelve month low of $6.68 and a twelve month high of $18.29. The company has a quick ratio of 0.31, a current ratio of 0.46 and a debt-to-equity ratio of 2.05. The company has a market capitalization of $23.59 billion, a price-to-earnings ratio of 5.24 and a beta of 0.96.

Korea Electric Power (NYSE:KEP) last announced its quarterly earnings results on Monday, September 15th. The utilities provider reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.03. Korea Electric Power had a net margin of 6.58% and a return on equity of 15.34%. The company had revenue of $15.70 billion for the quarter, compared to analysts’ expectations of $19.45 billion.

Analyst Upgrades and Downgrades

A number of research firms recently commented on KEP. Weiss Ratings raised Korea Electric Power from a “hold (c)” rating to a “buy (b-)” rating in a research report on Friday, November 21st. Wall Street Zen upgraded shares of Korea Electric Power from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 1st. Finally, Zacks Research raised shares of Korea Electric Power to a “hold” rating in a research report on Wednesday, November 19th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Korea Electric Power Company 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.