Korea Electric Power Corporation (NYSE:KEP) Short Interest Up 21.3% in March

Korea Electric Power Corporation (NYSE:KEP) was the target of a significant increase in short interest during the month of March. As of March 13th, there was short interest totaling 875,420 shares, an increase of 21.3% from the February 26th total of 721,918 shares. Based on an average trading volume of 990,237 shares, the short-interest ratio is currently 0.9 days. Approximately 0.1% of the company’s shares are short sold.

Institutional Investors Weigh In On Korea Electric Power

Large investors have recently added to or reduced their stakes in the business. Smartleaf Asset Management LLC acquired a new stake in Korea Electric Power during the 3rd quarter worth approximately $29,000. TD Private Client Wealth LLC acquired a new position in shares of Korea Electric Power in the third quarter worth $33,000. Rockefeller Capital Management L.P. grew its stake in shares of Korea Electric Power by 47.0% in the fourth quarter. Rockefeller Capital Management L.P. now owns 2,264 shares of the utilities provider’s stock worth $37,000 after acquiring an additional 724 shares in the last quarter. Global Retirement Partners LLC purchased a new stake in shares of Korea Electric Power during the third quarter worth $41,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Korea Electric Power in the fourth quarter valued at $45,000.

Korea Electric Power Stock Performance

Shares of Korea Electric Power stock opened at $14.52 on Thursday. The business has a 50-day moving average of $18.97 and a 200 day moving average of $17.01. Korea Electric Power has a 12 month low of $7.20 and a 12 month high of $23.41. The stock has a market capitalization of $18.64 billion, a price-to-earnings ratio of 3.09, a price-to-earnings-growth ratio of 0.16 and a beta of 1.01. The company has a debt-to-equity ratio of 1.70, a current ratio of 0.46 and a quick ratio of 0.31.

Korea Electric Power (NYSE:KEP) last released its earnings results on Saturday, February 14th. The utilities provider reported ($0.10) earnings per share for the quarter. The firm had revenue of $13.61 billion during the quarter. Korea Electric Power had a net margin of 8.80% and a return on equity of 18.76%.

Analyst Ratings Changes

A number of research firms have recently issued reports on KEP. Weiss Ratings upgraded shares of Korea Electric Power from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday. Bank of America downgraded shares of Korea Electric Power from a “buy” rating to a “neutral” rating in a report on Tuesday. Finally, Wall Street Zen lowered Korea Electric Power from a “buy” rating to a “hold” rating in a research report on Sunday, March 22nd. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold”.

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.