Rhumbline Advisers Lowers Holdings in Korea Electric Power Corporation $KEP

Key Points

• Rhumbline Advisers reduced its holdings in Korea Electric Power Corporation by 24.2%, resulting in ownership of 162,026 shares valued at approximately $1,201,000.
• Northern Trust Corp increased its stake by a staggering 642.2%, securing 383,704 shares valued at $2,640,000, while other funds like Millennium Management and Cerity Partners also boosted their positions significantly.
• Korea Electric Power's latest earnings report showed $0.63 in earnings per share, beating expectations, but the firm's revenue of $15.70 billion fell short of the $19.45 billion predicted by analysts.

Rhumbline Advisers decreased its stake in shares of Korea Electric Power Corporation (NYSE:KEP - Free Report) by 24.2% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 162,026 shares of the utilities provider's stock after selling 51,616 shares during the quarter. Rhumbline Advisers' holdings in Korea Electric Power were worth $1,201,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in KEP. Cerity Partners LLC lifted its stake in Korea Electric Power by 105.9% in the first quarter. Cerity Partners LLC now owns 145,455 shares of the utilities provider's stock valued at $1,078,000 after acquiring an additional 74,818 shares during the last quarter. Sequoia Financial Advisors LLC increased its position in Korea Electric Power by 15.4% during the first quarter. Sequoia Financial Advisors LLC now owns 60,708 shares of the utilities provider's stock worth $450,000 after buying an additional 8,118 shares during the last quarter. PNC Financial Services Group Inc. increased its position in Korea Electric Power by 4.3% during the first quarter. PNC Financial Services Group Inc. now owns 49,141 shares of the utilities provider's stock worth $364,000 after buying an additional 2,029 shares during the last quarter. American Century Companies Inc. raised its position in shares of Korea Electric Power by 6.5% in the first quarter. American Century Companies Inc. now owns 443,061 shares of the utilities provider's stock valued at $3,283,000 after purchasing an additional 26,906 shares during the period. Finally, Cubist Systematic Strategies LLC grew its stake in Korea Electric Power by 37.7% in the 1st quarter. Cubist Systematic Strategies LLC now owns 54,194 shares of the utilities provider's stock valued at $402,000 after buying an additional 14,846 shares during the last quarter.

Korea Electric Power Stock Up 1.5%

Shares of NYSE KEP traded up $0.20 during trading on Tuesday, hitting $13.44. The stock had a trading volume of 79,860 shares, compared to its average volume of 393,000. Korea Electric Power Corporation has a 12 month low of $6.68 and a 12 month high of $15.19. The company has a market capitalization of $17.26 billion, a PE ratio of 3.83 and a beta of 0.94. The firm has a fifty day moving average of $13.68 and a two-hundred day moving average of $11.21. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.46 and a quick ratio of 0.31.

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

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded shares of Korea Electric Power from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 16th.

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.