Korea Electric Power Corporation $KEP Shares Purchased by Quantinno Capital Management LP

Quantinno Capital Management LP raised its position in Korea Electric Power Corporation (NYSE:KEP) by 48.1% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 480,867 shares of the utilities provider’s stock after purchasing an additional 156,227 shares during the period. Quantinno Capital Management LP’s holdings in Korea Electric Power were worth $6,852,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. AQR Capital Management LLC increased its position in shares of Korea Electric Power by 18.5% during the first quarter. AQR Capital Management LLC now owns 29,211 shares of the utilities provider’s stock worth $216,000 after acquiring an additional 4,556 shares during the last quarter. Creative Planning purchased a new position in Korea Electric Power in the second quarter valued at about $179,000. Marshall Wace LLP grew its stake in Korea Electric Power by 3.4% during the 2nd quarter. Marshall Wace LLP now owns 191,445 shares of the utilities provider’s stock valued at $2,726,000 after purchasing an additional 6,336 shares in the last quarter. Sei Investments Co. grew its stake in Korea Electric Power by 122.5% during the 2nd quarter. Sei Investments Co. now owns 142,109 shares of the utilities provider’s stock valued at $2,024,000 after purchasing an additional 78,238 shares in the last quarter. Finally, Diversify Advisory Services LLC purchased a new stake in Korea Electric Power during the 2nd quarter worth approximately $360,000.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Zacks Research lowered Korea Electric Power from a “hold” rating to a “strong sell” rating in a research report on Monday, July 13th. Morgan Stanley lowered shares of Korea Electric Power from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, May 19th. Finally, Weiss Ratings cut shares of Korea Electric Power from a “buy (b)” rating to a “hold (c+)” rating in a report on Wednesday, May 27th. Two equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Reduce”.

Korea Electric Power Stock Up 0.4%

Shares of Korea Electric Power stock opened at $12.38 on Thursday. 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 firm has a market cap of $15.90 billion, a P/E ratio of 2.59, a P/E/G ratio of 2.13 and a beta of 0.95. Korea Electric Power Corporation has a fifty-two week low of $11.25 and a fifty-two week high of $23.41. The business has a 50-day moving average price of $12.30 and a 200 day moving average price of $15.45.

Korea Electric Power (NYSE:KEP) last announced its quarterly earnings data on Wednesday, June 17th. The utilities provider reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analysts’ expectations of $17.21 billion. On average, sell-side analysts forecast that Korea Electric Power Corporation will post 2.83 earnings per share for the current fiscal year.

Korea Electric Power 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.