Korea Electric Power (KEP) Projected to Post Earnings on Monday

Key Points

• Korea Electric Power (KEP) is expected to release its quarterly earnings on Monday, September 8th, with projected earnings of $0.6010 per share and revenue of $19.4513 billion.
• The company recently posted a net margin of 5.53% and a return on equity of 13.16% in its last earnings report, which beat analysts' estimates.
• Institutional investors have shown heightened interest, with Bank of America Corp DE increasing its stake in KEP by 133.7% during the second quarter.

Korea Electric Power (NYSE:KEP - Get Free Report) will likely be posting its results before the market opens on Monday, September 8th. Analysts expect Korea Electric Power to post earnings of $0.6010 per share and revenue of $19.4513 billion for the quarter.

Korea Electric Power (NYSE:KEP - Get Free Report) last released its quarterly earnings data on Tuesday, June 17th. The utilities provider reported $1.25 earnings per share for the quarter, topping analysts' consensus estimates of $0.90 by $0.35. The firm had revenue of $16.67 billion for the quarter, compared to analyst estimates of $17.04 billion. Korea Electric Power had a net margin of 5.53% and a return on equity of 13.16%.

Korea Electric Power Trading Down 2.3%

NYSE KEP opened at $13.19 on Monday. Korea Electric Power has a 1 year low of $6.68 and a 1 year high of $15.19. The company has a debt-to-equity ratio of 2.09, a current ratio of 0.47 and a quick ratio of 0.32. The company has a market capitalization of $16.93 billion, a PE ratio of 4.52 and a beta of 0.94. The company has a fifty day moving average of $13.67 and a 200 day moving average of $10.55.

Institutional Investors Weigh In On Korea Electric Power

Several hedge funds have recently modified their holdings of the company. Bank of America Corp DE increased its stake in shares of Korea Electric Power by 133.7% in 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 purchasing an additional 212,515 shares in the last quarter. Quantinno Capital Management LP grew its holdings in Korea Electric Power by 90.3% in the second quarter. Quantinno Capital Management LP now owns 259,649 shares of the utilities provider's stock valued at $3,697,000 after purchasing an additional 123,220 shares during the period. Jane Street Group LLC purchased a new stake in shares of Korea Electric Power in the second quarter valued at approximately $3,448,000. Marshall Wace LLP increased its position in shares of Korea Electric Power by 3.4% in the second quarter. Marshall Wace LLP now owns 191,445 shares of the utilities provider's stock valued at $2,726,000 after buying an additional 6,336 shares in the last quarter. Finally, Vident Advisory LLC raised its stake in shares of Korea Electric Power by 16.0% during the 2nd quarter. Vident Advisory LLC now owns 179,369 shares of the utilities provider's stock worth $2,554,000 after buying an additional 24,795 shares during the period.

Wall Street Analyst Weigh In

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

Korea Electric Power Company Profile

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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