Capital Wealth Planning LLC Has $4.96 Million Holdings in Korea Electric Power Corporation $KEP

Key Points

• Capital Wealth Planning LLC raised its stake in Korea Electric Power (NYSE:KEP) by 87% in Q3 to 380,348 shares, worth about $4.96 million.
• Other institutions also increased exposure—Arrowstreet Capital now owns 1,514,228 shares (~$19.76 million) and firms like JPMorgan and Assetmark made substantial purchases, signaling notable institutional buying.
• Korea Electric Power trades at a low valuation (P/E 3.45) with a market cap of $20.85B; it reported EPS $0.71 and revenue of $14.92B (below estimates), and carries an average analyst rating of "Moderate Buy".

Capital Wealth Planning LLC raised its position in shares of Korea Electric Power Corporation (NYSE:KEP - Free Report) by 87.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 380,348 shares of the utilities provider's stock after acquiring an additional 176,920 shares during the period. Capital Wealth Planning LLC's holdings in Korea Electric Power were worth $4,964,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its holdings in Korea Electric Power by 47,424.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 375,442 shares of the utilities provider's stock worth $4,900,000 after purchasing an additional 374,652 shares during the last quarter. Assetmark Inc. boosted its stake in Korea Electric Power by 1,172,236.7% in the 3rd quarter. Assetmark Inc. now owns 351,701 shares of the utilities provider's stock valued at $4,590,000 after purchasing an additional 351,671 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in Korea Electric Power by 26.0% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,514,228 shares of the utilities provider's stock valued at $19,761,000 after buying an additional 312,680 shares in the last quarter. Jane Street Group LLC bought a new position in Korea Electric Power during the 2nd quarter worth $3,448,000. Finally, Bank of America Corp DE increased its position in Korea Electric Power by 133.7% during the 2nd quarter. Bank of America Corp DE now owns 371,494 shares of the utilities provider's stock worth $5,290,000 after buying an additional 212,515 shares during the period.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on KEP shares. Zacks Research raised shares of Korea Electric Power to a "hold" rating in a research report on Wednesday, November 19th. Wall Street Zen lowered shares of Korea Electric Power from a "strong-buy" rating to a "buy" rating in a research report on Saturday. Finally, Weiss Ratings reiterated a "buy (b-)" rating on shares of Korea Electric Power in a research note on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Korea Electric Power currently has an average rating of "Moderate Buy".

Korea Electric Power Price Performance

Shares of NYSE KEP opened at $16.24 on Friday. The stock has a market capitalization of $20.85 billion, a PE ratio of 3.45, a P/E/G ratio of 0.05 and a beta of 0.88. The company has a debt-to-equity ratio of 1.70, a current ratio of 0.46 and a quick ratio of 0.33. The business has a fifty day moving average price of $19.81 and a two-hundred day moving average price of $16.81. Korea Electric Power Corporation has a fifty-two week low of $7.19 and a fifty-two week high of $23.41.

Korea Electric Power (NYSE:KEP - Get Free Report) last released its earnings results on Tuesday, March 10th. The utilities provider reported $0.71 earnings per share (EPS) for the quarter. Korea Electric Power had a return on equity of 18.76% and a net margin of 8.80%.The company had revenue of $14.92 billion for the quarter, compared to analyst estimates of $16.37 billion.

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.

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