Janney Montgomery Scott LLC Makes New Investment in Korea Electric Power Corporation $KEP

Key Points

• Janney Montgomery Scott LLC invested approximately $824,000 acquiring 57,896 shares of Korea Electric Power Corporation during the second quarter, as disclosed in their 13F filing.
• Korea Electric Power reported a quarterly earnings per share of $0.63, exceeding analysts' expectations of $0.60, despite a revenue shortfall.
• Shares of Korea Electric Power saw an increase of 3.7% recently, with the stock trading at $14.05, which displays a notable fluctuation within the range of $6.68 to $15.19 over the last year.

Janney Montgomery Scott LLC acquired a new position in Korea Electric Power Corporation (NYSE:KEP - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 57,896 shares of the utilities provider's stock, valued at approximately $824,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. GAMMA Investing LLC grew its holdings in Korea Electric Power by 169.6% in the second quarter. GAMMA Investing LLC now owns 15,343 shares of the utilities provider's stock worth $218,000 after purchasing an additional 9,652 shares during the period. Wealth Enhancement Advisory Services LLC bought a new position in shares of Korea Electric Power in the second quarter worth approximately $201,000. AQR Capital Management LLC lifted its stake in shares of Korea Electric Power by 18.5% in the first quarter. AQR Capital Management LLC now owns 29,211 shares of the utilities provider's stock worth $216,000 after buying an additional 4,556 shares in the last quarter. Cubist Systematic Strategies LLC lifted its stake in shares of Korea Electric Power by 37.7% in the first quarter. Cubist Systematic Strategies LLC now owns 54,194 shares of the utilities provider's stock worth $402,000 after buying an additional 14,846 shares in the last quarter. Finally, Vident Advisory LLC lifted its stake in shares of Korea Electric Power by 3.8% in the first quarter. Vident Advisory LLC now owns 154,574 shares of the utilities provider's stock worth $1,145,000 after buying an additional 5,726 shares in the last quarter.

Korea Electric Power Stock Up 3.7%

Shares of Korea Electric Power stock opened at $14.05 on Thursday. The company has a market cap of $18.03 billion, a price-to-earnings ratio of 4.00 and a beta of 0.95. The company's 50 day moving average is $13.43 and its 200 day moving average is $11.79. Korea Electric Power Corporation has a twelve month low of $6.68 and a twelve month high of $15.19. The company has a quick ratio of 0.31, a current ratio of 0.46 and a debt-to-equity ratio of 2.05.

Korea Electric Power (NYSE:KEP - Get Free Report) last issued its quarterly earnings data on Monday, September 15th. The utilities provider reported $0.63 earnings per share for the quarter, beating analysts' consensus estimates of $0.60 by $0.03. Korea Electric Power had a net margin of 6.58% and a return on equity of 15.34%. The company had revenue of $15.70 billion for the quarter, compared to the consensus estimate of $19.45 billion.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on KEP. Weiss Ratings reiterated a "hold (c)" rating on shares of Korea Electric Power in a research note on Wednesday, October 8th. Wall Street Zen downgraded shares of Korea Electric Power from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 16th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, Korea Electric Power currently has a consensus rating of "Hold".

About Korea Electric Power

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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