Korea Electric Power Corporation $KEP Position Boosted by Corient Private Wealth LP

Key Points

• Corient Private Wealth LP increased its Korea Electric Power stake by 54.2% in the second quarter, bringing its holdings to 265,049 shares valued at approximately $3.2 million. Several other institutional investors also expanded their positions.
• Analyst sentiment weakened, with Zacks Research, Weiss Ratings, and Nomura downgrading the stock. MarketBeat reports a consensus rating of “Reduce,” based on three Hold and two Sell ratings.
• Korea Electric Power shares opened at $11.02, near their 12-month low, after the company reported quarterly EPS of $0.14—well below the $1.03 consensus estimate—and revenue of $14.60 billion versus expectations of $19.67 billion.

Corient Private Wealth LP increased its holdings in Korea Electric Power Corporation (NYSE:KEP - Free Report) by 54.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 265,049 shares of the utilities provider's stock after purchasing an additional 93,194 shares during the quarter. Corient Private Wealth LP's holdings in Korea Electric Power were worth $3,207,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Quantinno Capital Management LP increased its stake in Korea Electric Power by 48.1% in the 1st quarter. Quantinno Capital Management LP now owns 480,867 shares of the utilities provider's stock worth $6,852,000 after purchasing an additional 156,227 shares in the last quarter. Assetmark Inc. lifted its stake in Korea Electric Power by 119.3% during the first quarter. Assetmark Inc. now owns 644,041 shares of the utilities provider's stock valued at $9,178,000 after buying an additional 350,337 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of Korea Electric Power by 617.5% in the first quarter. Bank of America Corp DE now owns 249,280 shares of the utilities provider's stock worth $3,552,000 after buying an additional 214,535 shares during the period. Dorsey Wright & Associates boosted its holdings in shares of Korea Electric Power by 40.0% in the first quarter. Dorsey Wright & Associates now owns 166,344 shares of the utilities provider's stock worth $2,370,000 after buying an additional 47,526 shares during the period. Finally, Sei Investments Co. grew its position in Korea Electric Power by 44.0% during the 1st quarter. Sei Investments Co. now owns 134,863 shares of the utilities provider's stock worth $1,922,000 after purchasing an additional 41,239 shares in the last quarter.

Analyst Ratings Changes

KEP has been the topic of several research analyst reports. Zacks Research cut Korea Electric Power from a "hold" rating to a "strong sell" rating in a research note on Wednesday, September 9th. Weiss Ratings cut shares of Korea Electric Power from a "hold (c+)" rating to a "hold (c)" rating in a report on Thursday, August 20th. Finally, Nomura downgraded shares of Korea Electric Power from a "buy" rating to a "neutral" rating in a research report on Thursday, August 13th. Three analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, Korea Electric Power has a consensus rating of "Reduce".

Korea Electric Power Trading Up 0.1%

Shares of KEP stock opened at $11.02 on Monday. Korea Electric Power Corporation has a 12 month low of $10.99 and a 12 month high of $23.41. The company has a market cap of $14.15 billion, a PE ratio of 2.57, a price-to-earnings-growth ratio of 2.10 and a beta of 0.95. The company has a quick ratio of 0.29, a current ratio of 0.44 and a debt-to-equity ratio of 1.60. The business's 50 day moving average is $11.79 and its two-hundred day moving average is $13.32.

Korea Electric Power (NYSE:KEP - Get Free Report) last posted its earnings results on Tuesday, September 15th. The utilities provider reported $0.14 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.03 by ($0.89). The firm had revenue of $14.60 billion during the quarter, compared to analyst estimates of $19.67 billion. Korea Electric Power had a net margin of 8.15% and a return on equity of 15.70%. Equities analysts predict that Korea Electric Power Corporation will post 2.56 EPS for the current year.

Korea Electric Power Profile

Korea Electric Power Corporation (KEPCO) is South Korea's state-owned, integrated electric utility. The company is responsible for the transmission and distribution of electricity throughout South Korea and supplies power to residential, commercial and industrial customers.

KEPCO's business includes electricity generation through affiliated companies, power transmission and distribution, and related energy services. Its generation-related subsidiaries include Korea Hydro & Nuclear Power, which operates nuclear and hydroelectric facilities, as well as several companies focused on thermal and renewable power generation.

Founded in 1961, KEPCO has also pursued international projects involving power generation, transmission, renewable energy and other energy infrastructure.

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