AdvisorShares Investments LLC Takes Position in Korea Electric Power Corporation $KEP

AdvisorShares Investments LLC bought a new stake in Korea Electric Power Corporation (NYSE:KEP) in the 3rd quarter, Holdings Channel.com reports. The fund bought 77,938 shares of the utilities provider’s stock, valued at approximately $1,017,000.

Several other large investors also recently modified their holdings of the business. Arrowstreet Capital Limited Partnership increased its position in shares of Korea Electric Power by 22.0% during the second quarter. Arrowstreet Capital Limited Partnership now owns 1,201,548 shares of the utilities provider’s stock worth $17,110,000 after acquiring an additional 216,828 shares in the last quarter. American Century Companies Inc. boosted its position in Korea Electric Power by 19.8% during the second quarter. American Century Companies Inc. now owns 530,743 shares of the utilities provider’s stock valued at $7,558,000 after purchasing an additional 87,682 shares during the last quarter. Bank of America Corp DE grew its stake in shares of Korea Electric Power by 133.7% in the second quarter. Bank of America Corp DE now owns 371,494 shares of the utilities provider’s stock valued at $5,290,000 after buying an additional 212,515 shares in the last quarter. Quantinno Capital Management LP lifted its stake 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 acquiring an additional 123,220 shares during the last quarter. Finally, Walleye Capital LLC lifted its stake in Korea Electric Power by 216.7% in the 2nd quarter. Walleye Capital LLC now owns 242,832 shares of the utilities provider’s stock valued at $3,458,000 after purchasing an additional 166,154 shares during the last quarter.

Korea Electric Power Stock Performance

Shares of KEP stock opened at $21.51 on Friday. The business’s 50-day moving average price is $18.41 and its 200-day moving average price is $15.81. The company has a current ratio of 0.48, a quick ratio of 0.33 and a debt-to-equity ratio of 1.78. Korea Electric Power Corporation has a 12 month low of $7.04 and a 12 month high of $23.41. The firm has a market capitalization of $27.62 billion, a price-to-earnings ratio of 4.72, a PEG ratio of 0.06 and a beta of 0.87.

Korea Electric Power (NYSE:KEP) last posted its quarterly earnings data on Thursday, December 18th. The utilities provider reported $2.11 earnings per share for the quarter, beating analysts’ consensus estimates of $2.08 by $0.03. Korea Electric Power had a return on equity of 19.00% and a net margin of 8.47%.The business had revenue of $19.64 billion during the quarter, compared to the consensus estimate of $16.17 billion.

Analyst Upgrades and Downgrades

KEP has been the subject of a number of research reports. Zacks Research upgraded shares of Korea Electric Power to a “hold” rating in a research note on Wednesday, November 19th. Weiss Ratings restated a “buy (b-)” rating on shares of Korea Electric Power in a research note on Monday, December 29th. Finally, Wall Street Zen raised shares of Korea Electric Power from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 1st. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, Korea Electric Power presently has a consensus rating of “Moderate Buy”.

Korea Electric Power Company Profile

Korea Electric Power (KEP) is a South Korea–based integrated electric utility engaged in the generation, transmission and distribution of electricity. The company’s activities span power plant operation and maintenance, grid management, fuel procurement and power trading, as well as engineering, procurement and construction (EPC) services for large-scale power projects. Its asset base includes a mix of thermal, nuclear, hydro and renewable generation capacity, and the company supports system planning and reliability functions for the national electricity network.

In addition to core utility operations, KEP provides a range of technical and consulting services tied to power infrastructure, including plant construction, refurbishment and decommissioning support.