American Century Companies Inc. Increases Position in Korea Electric Power Corporation $KEP

Key Points

• American Century Companies Inc. increased its holdings in Korea Electric Power Corporation by 6.5%, owning 443,061 shares worth approximately $3.28 million by the end of the first quarter.
• Several other investors, including PNC Financial Services and Stifel Financial Corp, also raised their positions in Korea Electric Power during the same period.
• Korea Electric Power reported $1.25 EPS for the last quarter, exceeding expectations, but revenue fell short of analysts' expectations at $16.67 billion.

American Century Companies Inc. lifted its holdings in Korea Electric Power Corporation (NYSE:KEP - Free Report) by 6.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 443,061 shares of the utilities provider's stock after purchasing an additional 26,906 shares during the quarter. American Century Companies Inc.'s holdings in Korea Electric Power were worth $3,283,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. PNC Financial Services Group Inc. raised its stake in shares of Korea Electric Power by 4.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 49,141 shares of the utilities provider's stock valued at $364,000 after buying an additional 2,029 shares during the last quarter. Stifel Financial Corp raised its stake in shares of Korea Electric Power by 19.0% during the 4th quarter. Stifel Financial Corp now owns 14,700 shares of the utilities provider's stock valued at $101,000 after buying an additional 2,350 shares during the last quarter. PDS Planning Inc raised its stake in shares of Korea Electric Power by 10.2% during the 1st quarter. PDS Planning Inc now owns 26,817 shares of the utilities provider's stock valued at $199,000 after buying an additional 2,473 shares during the last quarter. Cetera Investment Advisers raised its stake in shares of Korea Electric Power by 22.7% during the 1st quarter. Cetera Investment Advisers now owns 21,121 shares of the utilities provider's stock valued at $157,000 after buying an additional 3,910 shares during the last quarter. Finally, Blue Trust Inc. raised its stake in shares of Korea Electric Power by 15.7% during the 1st quarter. Blue Trust Inc. now owns 30,251 shares of the utilities provider's stock valued at $224,000 after buying an additional 4,109 shares during the last quarter.

Korea Electric Power Price Performance

Shares of Korea Electric Power stock traded down $0.11 on Friday, hitting $13.42. The company's stock had a trading volume of 476,102 shares, compared to its average volume of 455,048. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.32 and a current ratio of 0.47. Korea Electric Power Corporation has a 1 year low of $6.68 and a 1 year high of $15.19. The firm has a fifty day moving average price of $13.69 and a 200-day moving average price of $10.71. The company has a market capitalization of $17.23 billion, a price-to-earnings ratio of 4.59 and a beta of 0.94.

Korea Electric Power (NYSE:KEP - Get Free Report) last announced its quarterly earnings results on Tuesday, June 17th. The utilities provider reported $1.25 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.35. Korea Electric Power had a return on equity of 13.16% and a net margin of 5.53%.The firm had revenue of $16.67 billion during the quarter, compared to analyst estimates of $17.04 billion.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered Korea Electric Power from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 16th.

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.