Korea Electric Power Corporation $KEP Shares Sold by Diversify Advisory Services LLC

Key Points

• Diversify Advisory Services LLC cut its Korea Electric Power stake by 92.6% in the third quarter, selling 145,007 shares and retaining 11,653 shares valued at approximately $125,000.
• Analyst sentiment is cautious: KEP has an average “Reduce” rating, with three analysts rating it Hold and two rating it Sell.
• Korea Electric Power reported quarterly EPS of $0.14, well below the $1.03 consensus estimate, while revenue of $14.60 billion also missed expectations of $19.67 billion. The stock opened at $10.48, near its 52-week low of $10.34.

Diversify Advisory Services LLC trimmed its stake in shares of Korea Electric Power Corporation (NYSE:KEP - Free Report) by 92.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,653 shares of the utilities provider's stock after selling 145,007 shares during the period. Diversify Advisory Services LLC's holdings in Korea Electric Power were worth $125,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of KEP. Global Trust Asset Management LLC purchased a new stake in Korea Electric Power during the first quarter valued at about $28,000. Rockefeller Capital Management L.P. increased its position in shares of Korea Electric Power by 47.0% in the fourth quarter. Rockefeller Capital Management L.P. now owns 2,264 shares of the utilities provider's stock worth $37,000 after acquiring an additional 724 shares in the last quarter. Royal Bank of Canada increased its position in shares of Korea Electric Power by 171.4% in the first quarter. Royal Bank of Canada now owns 6,499 shares of the utilities provider's stock worth $93,000 after acquiring an additional 4,104 shares in the last quarter. Nykredit A S purchased a new position in shares of Korea Electric Power in the second quarter worth approximately $121,000. Finally, Elmwood Wealth Management Inc. acquired a new stake in shares of Korea Electric Power during the second quarter valued at approximately $138,000.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on KEP shares. Nomura lowered shares of Korea Electric Power from a "buy" rating to a "neutral" rating in a research note on Thursday, August 13th. Weiss Ratings raised shares of Korea Electric Power from a "hold (c)" rating to a "hold (c+)" rating in a research note on Thursday, October 8th. Finally, Zacks Research downgraded shares of Korea Electric Power from a "hold" rating to a "strong sell" rating in a research note on Wednesday, September 9th. Three research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Reduce".

Korea Electric Power Trading Up 0.0%

NYSE:KEP opened at $10.48 on Thursday. The company has a debt-to-equity ratio of 1.60, a current ratio of 0.44 and a quick ratio of 0.29. Korea Electric Power Corporation has a fifty-two week low of $10.34 and a fifty-two week high of $23.41. The stock's 50-day moving average is $11.22 and its two-hundred day moving average is $14.31. The stock has a market cap of $13.46 billion, a PE ratio of 2.44, a price-to-earnings-growth ratio of 2.00 and a beta of 0.96.

Korea Electric Power (NYSE:KEP - Get Free Report) last posted its quarterly 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 company had revenue of $14.60 billion during the quarter, compared to analysts' expectations of $19.67 billion. Korea Electric Power had a return on equity of 15.70% and a net margin of 8.15%. As a group, equities research analysts forecast that Korea Electric Power Corporation will post 2.59 earnings per share for the current fiscal year.

About Korea Electric Power

Korea Electric Power Corporation, or KEPCO, is South Korea's state-owned electric utility and the country's principal provider of electricity transmission, distribution, and retail supply services. The company delivers power to residential, commercial, and industrial customers across South Korea and operates the national transmission and distribution networks.

KEPCO coordinates electricity generation through affiliated companies, including Korea Hydro & Nuclear Power, Korea South-East Power, Korea Midland Power, Korea Western Power, Korea Southern Power, and Korea East-West Power.

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