Korea Electric Power (NYSE:KEP) Releases Earnings Results, Beats Estimates By $0.03 EPS

Key Points

• Korea Electric Power reported a quarterly EPS of $0.63, exceeding the consensus estimate of $0.60 by $0.03.
• The company's stock increased by 0.4% and is currently trading at $13.50, with a market capitalization of $17.33 billion.
• Several hedge funds significantly raised their positions in Korea Electric Power during the 2nd quarter, indicating increased investor interest in the company.

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

Korea Electric Power Stock Up 0.1%

KEP stock traded up $0.01 during trading on Friday, hitting $13.22. 1,580,897 shares of the company's stock were exchanged, compared to its average volume of 259,422. The business has a 50-day moving average price of $13.69 and a two-hundred day moving average price of $11.14. The stock has a market capitalization of $16.97 billion, a price-to-earnings ratio of 3.77 and a beta of 0.94. Korea Electric Power has a 52-week low of $6.68 and a 52-week high of $15.19. The company has a current ratio of 0.46, a quick ratio of 0.32 and a debt-to-equity ratio of 2.05.

Institutional Investors Weigh In On Korea Electric Power

Several institutional investors have recently added to or reduced their stakes in KEP. Corient Private Wealth LLC lifted its stake in Korea Electric Power by 1.6% in the second quarter. Corient Private Wealth LLC now owns 153,117 shares of the utilities provider's stock valued at $2,180,000 after buying an additional 2,437 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in Korea Electric Power by 27.9% in the second quarter. Ameriprise Financial Inc. now owns 13,198 shares of the utilities provider's stock valued at $188,000 after buying an additional 2,877 shares during the last quarter. Osaic Holdings Inc. lifted its stake in Korea Electric Power by 1,144.4% in the second quarter. Osaic Holdings Inc. now owns 3,447 shares of the utilities provider's stock valued at $49,000 after buying an additional 3,170 shares during the last quarter. AQR Capital Management LLC lifted its stake in Korea Electric Power by 18.5% in the first quarter. AQR Capital Management LLC now owns 29,211 shares of the utilities provider's stock valued at $216,000 after buying an additional 4,556 shares during the last quarter. Finally, Marshall Wace LLP lifted its stake in 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 during the last quarter.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded 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.