Raymond James Financial Inc. bought a new position in Korea Electric Power Co. (NYSE:KEP - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 76,990 shares of the utilities provider's stock, valued at approximately $530,000.
A number of other hedge funds also recently made changes to their positions in KEP. Sanctuary Advisors LLC bought a new position in shares of Korea Electric Power in the 4th quarter valued at about $525,000. American Century Companies Inc. boosted its holdings in shares of Korea Electric Power by 6.4% in the 4th quarter. American Century Companies Inc. now owns 416,155 shares of the utilities provider's stock worth $2,863,000 after purchasing an additional 25,018 shares during the period. Jane Street Group LLC purchased a new stake in Korea Electric Power during the 3rd quarter valued at $140,000. O Shaughnessy Asset Management LLC lifted its position in Korea Electric Power by 14.1% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 19,308 shares of the utilities provider's stock worth $133,000 after buying an additional 2,392 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its stake in Korea Electric Power by 90.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 723,844 shares of the utilities provider's stock worth $4,980,000 after buying an additional 344,126 shares during the period.
Wall Street Analyst Weigh In
Separately, StockNews.com upgraded shares of Korea Electric Power from a "hold" rating to a "buy" rating in a report on Friday, April 11th.
Get Our Latest Analysis on KEP
Korea Electric Power Trading Up 2.7 %
Shares of NYSE:KEP traded up $0.25 during trading hours on Friday, hitting $9.64. 161,268 shares of the company's stock traded hands, compared to its average volume of 155,706. The firm has a market capitalization of $12.38 billion, a P/E ratio of 4.46 and a beta of 0.76. The business has a fifty day moving average price of $8.16 and a 200-day moving average price of $7.80. Korea Electric Power Co. has a 1 year low of $6.68 and a 1 year high of $9.65. The company has a debt-to-equity ratio of 2.10, a current ratio of 0.43 and a quick ratio of 0.30.
Korea Electric Power (NYSE:KEP - Get Free Report) last posted its quarterly earnings data on Tuesday, March 11th. The utilities provider reported $0.57 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.55 by $0.02. Korea Electric Power had a return on equity of 9.64% and a net margin of 4.03%. The company had revenue of $16.82 billion during the quarter, compared to analysts' expectations of $17.04 billion.
About Korea Electric Power
(
Free Report)
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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