Korea Electric Power Co. (NYSE:KEP – Get Free Report) was the recipient of a significant decrease in short interest during the month of February. As of February 28th, there was short interest totalling 466,300 shares, a decrease of 32.9% from the February 13th total of 694,900 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 221,400 shares, the short-interest ratio is currently 2.1 days.
Analysts Set New Price Targets
Separately, StockNews.com downgraded shares of Korea Electric Power from a “buy” rating to a “hold” rating in a report on Monday.
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Korea Electric Power Stock Down 0.1 %
Korea Electric Power (NYSE:KEP – Get Free Report) last posted its earnings results on Tuesday, March 11th. The utilities provider reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.02. Korea Electric Power had a net margin of 4.03% and a return on equity of 9.64%. The firm had revenue of $16.82 billion during the quarter, compared to analyst estimates of $17.04 billion.
Hedge Funds Weigh In On Korea Electric Power
Hedge funds and other institutional investors have recently modified their holdings of the business. Stifel Financial Corp lifted its holdings in Korea Electric Power by 19.0% during the fourth quarter. Stifel Financial Corp now owns 14,700 shares of the utilities provider’s stock worth $101,000 after acquiring an additional 2,350 shares during the period. O Shaughnessy Asset Management LLC increased its position in shares of Korea Electric Power by 14.1% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 19,308 shares of the utilities provider’s stock valued at $133,000 after purchasing an additional 2,392 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Korea Electric Power during the 3rd quarter worth $35,000. Orion Portfolio Solutions LLC boosted its holdings in shares of Korea Electric Power by 26.0% in the 4th quarter. Orion Portfolio Solutions LLC now owns 21,895 shares of the utilities provider’s stock worth $151,000 after buying an additional 4,524 shares during the last quarter. Finally, Eagle Asset Management Inc. grew its position in Korea Electric Power by 11.9% during the third quarter. Eagle Asset Management Inc. now owns 48,153 shares of the utilities provider’s stock valued at $381,000 after buying an additional 5,131 shares during the period.
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.
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