JPMorgan Chase & Co. Purchases 374,652 Shares of Korea Electric Power Corporation $KEP

Key Points

• JPMorgan Chase & Co. bought an additional 374,652 shares of Korea Electric Power in Q3, boosting its stake by 47,424.3% to 375,442 shares valued at about $4.9 million.
• Other institutional investors also increased positions — notably Arrowstreet Capital added 312,680 shares and now owns 1,514,228 shares (~$19.8M), while Dimensional, American Century, Capital Wealth and Bank of America likewise grew their stakes.
• Korea Electric Power trades in a 12‑month range of $7.20–$23.41 with a market cap of $18.14B and a P/E of 3.01; it posted a ($0.10) EPS last quarter and currently has mixed analyst ratings with an average consensus of Hold.

JPMorgan Chase & Co. raised its position in shares of Korea Electric Power Corporation (NYSE:KEP - Free Report) by 47,424.3% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 375,442 shares of the utilities provider's stock after purchasing an additional 374,652 shares during the quarter. JPMorgan Chase & Co.'s holdings in Korea Electric Power were worth $4,900,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Korea Electric Power by 26.0% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,514,228 shares of the utilities provider's stock worth $19,761,000 after buying an additional 312,680 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Korea Electric Power by 2.5% in the third quarter. Dimensional Fund Advisors LP now owns 695,116 shares of the utilities provider's stock worth $9,080,000 after acquiring an additional 16,787 shares during the period. American Century Companies Inc. boosted its stake in shares of Korea Electric Power by 19.8% during the 2nd quarter. American Century Companies Inc. now owns 530,743 shares of the utilities provider's stock worth $7,558,000 after acquiring an additional 87,682 shares during the last quarter. Capital Wealth Planning LLC grew its position in shares of Korea Electric Power by 87.0% during the 3rd quarter. Capital Wealth Planning LLC now owns 380,348 shares of the utilities provider's stock valued at $4,964,000 after acquiring an additional 176,920 shares during the period. Finally, Bank of America Corp DE grew its position in shares of 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 valued at $5,290,000 after acquiring an additional 212,515 shares during the period.

Korea Electric Power Stock Performance

NYSE:KEP opened at $14.13 on Friday. The company has a current ratio of 0.46, a quick ratio of 0.31 and a debt-to-equity ratio of 1.70. Korea Electric Power Corporation has a 12-month low of $7.20 and a 12-month high of $23.41. The stock has a 50-day moving average price of $18.80 and a 200 day moving average price of $16.99. The stock has a market capitalization of $18.14 billion, a P/E ratio of 3.01, a P/E/G ratio of 0.16 and a beta of 1.01.

Korea Electric Power (NYSE:KEP - Get Free Report) last posted its quarterly earnings results on Saturday, February 14th. The utilities provider reported ($0.10) EPS for the quarter. Korea Electric Power had a return on equity of 18.76% and a net margin of 8.80%.The business had revenue of $13.61 billion during the quarter.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Zacks Research cut shares of Korea Electric Power from a "hold" rating to a "strong sell" rating in a research note on Tuesday. Weiss Ratings upgraded shares of Korea Electric Power from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Monday. Wall Street Zen cut shares of Korea Electric Power from a "buy" rating to a "hold" rating in a research note on Sunday, March 22nd. Finally, Bank of America downgraded shares of Korea Electric Power from a "buy" rating to a "neutral" rating in a research report on Tuesday. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold".

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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