Dynamic Technology Lab Private Ltd Purchases Shares of 34,916 Korea Electric Power Corporation $KEP

Dynamic Technology Lab Private Ltd purchased a new position in shares of Korea Electric Power Corporation (NYSE:KEP) in the third quarter, Holdings Channel.com reports. The firm purchased 34,916 shares of the utilities provider’s stock, valued at approximately $456,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Arrowstreet Capital Limited Partnership increased its holdings in shares of Korea Electric Power by 22.0% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,201,548 shares of the utilities provider’s stock valued at $17,110,000 after acquiring an additional 216,828 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Korea Electric Power by 2.5% during the third quarter. Dimensional Fund Advisors LP now owns 695,116 shares of the utilities provider’s stock worth $9,080,000 after purchasing an additional 16,787 shares during the last quarter. American Century Companies Inc. lifted its stake 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 worth $7,558,000 after purchasing an additional 87,682 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Korea Electric Power by 47,424.3% in the third quarter. JPMorgan Chase & Co. now owns 375,442 shares of the utilities provider’s stock valued at $4,900,000 after purchasing an additional 374,652 shares in the last quarter. Finally, Bank of America Corp DE boosted its holdings in 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 purchasing an additional 212,515 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on KEP. Zacks Research raised shares of Korea Electric Power to a “hold” rating in a report 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 issued a Hold rating to the company. According to MarketBeat, Korea Electric Power currently has an average rating of “Moderate Buy”.

Korea Electric Power Price Performance

Korea Electric Power stock opened at $16.35 on Thursday. Korea Electric Power Corporation has a fifty-two week low of $7.19 and a fifty-two week high of $23.41. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.48 and a quick ratio of 0.33. The stock has a 50-day simple moving average of $19.83 and a 200-day simple moving average of $16.80.

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, topping analysts’ consensus estimates of $2.08 by $0.03. The firm had revenue of $19.64 billion for the quarter, compared to the consensus estimate of $16.17 billion. Korea Electric Power had a return on equity of 19.00% and a net margin of 8.47%.

About Korea Electric Power

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.