Korea Electric Power Corporation $KEP Stake Lessened by Rhumbline Advisers

Rhumbline Advisers decreased its position in shares of Korea Electric Power Corporation (NYSE:KEP) by 35.5% during the 3rd quarter, Holdings Channel.com reports. The firm owned 105,224 shares of the utilities provider’s stock after selling 57,984 shares during the quarter. Rhumbline Advisers’ holdings in Korea Electric Power were worth $1,373,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wealthstream Advisors Inc. increased its position in shares of Korea Electric Power by 6.1% during the 3rd quarter. Wealthstream Advisors Inc. now owns 12,594 shares of the utilities provider’s stock valued at $164,000 after purchasing an additional 727 shares during the period. Profund Advisors LLC bought a new position in Korea Electric Power during the third quarter valued at about $168,000. AdvisorShares Investments LLC acquired a new position in Korea Electric Power during the third quarter worth about $1,017,000. Smartleaf Asset Management LLC bought a new stake in Korea Electric Power in the third quarter worth about $29,000. Finally, Envestnet Asset Management Inc. lifted its holdings in Korea Electric Power by 8.9% in the 3rd quarter. Envestnet Asset Management Inc. now owns 206,435 shares of the utilities provider’s stock valued at $2,694,000 after acquiring an additional 16,945 shares during the last quarter.

Analysts Set New Price Targets

KEP has been the topic of several recent research reports. Zacks Research raised 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 report on Monday, December 29th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Korea Electric Power currently has a consensus rating of “Moderate Buy”.

Korea Electric Power Stock Down 12.5%

Shares of KEP opened at $19.51 on Monday. Korea Electric Power Corporation has a one year low of $7.08 and a one year high of $23.41. The company has a 50-day moving average of $19.78 and a two-hundred day moving average of $16.63. 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 (NYSE:KEP) last released its quarterly earnings results on Thursday, December 18th. The utilities provider reported $2.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.08 by $0.03. The business had revenue of $19.64 billion for the quarter, compared to analyst estimates of $16.17 billion. Korea Electric Power had a net margin of 8.47% and a return on equity of 19.00%.

Korea Electric Power 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.