Connor Clark & Lunn Investment Management Ltd. reduced its stake in Korea Electric Power Corporation (NYSE:KEP - Free Report) by 56.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 405,730 shares of the utilities provider's stock after selling 528,487 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.'s holdings in Korea Electric Power were worth $3,006,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Raymond James Financial Inc. acquired a new stake in Korea Electric Power during the fourth quarter worth approximately $530,000. XTX Topco Ltd acquired a new stake in shares of Korea Electric Power during the 4th quarter worth approximately $78,000. Marshall Wace LLP boosted its position in shares of Korea Electric Power by 93.7% during the 4th quarter. Marshall Wace LLP now owns 171,334 shares of the utilities provider's stock worth $1,179,000 after acquiring an additional 82,902 shares in the last quarter. First Trust Advisors LP acquired a new stake in shares of Korea Electric Power during the 4th quarter worth approximately $351,000. Finally, Stifel Financial Corp boosted its position 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 worth $101,000 after acquiring an additional 2,350 shares in the last quarter.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen lowered shares of Korea Electric Power from a "strong-buy" rating to a "buy" rating in a research report on Saturday.
Read Our Latest Stock Analysis on Korea Electric Power
Korea Electric Power Price Performance
Korea Electric Power stock traded up $0.09 during mid-day trading on Monday, reaching $13.98. The company had a trading volume of 399,334 shares, compared to its average volume of 392,538. Korea Electric Power Corporation has a fifty-two week low of $6.68 and a fifty-two week high of $15.19. The company has a current ratio of 0.47, a quick ratio of 0.32 and a debt-to-equity ratio of 2.09. The company has a market cap of $17.95 billion, a P/E ratio of 4.79 and a beta of 0.95. The business has a fifty day simple moving average of $13.06 and a 200 day simple moving average of $10.10.
Korea Electric Power (NYSE:KEP - Get Free Report) last announced its earnings results on Tuesday, June 17th. The utilities provider reported $1.25 earnings per share (EPS) for the quarter, topping 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 business had revenue of $16.67 billion during the quarter, compared to analyst estimates of $17.04 billion.
About Korea Electric Power
(
Free Report)
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.
Further Reading
Before you consider Korea Electric Power, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Korea Electric Power wasn't on the list.
While Korea Electric Power currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
MarketBeat All Access