Korea Electric Power Corporation $KEP Shares Acquired by Capital Wealth Planning LLC

Capital Wealth Planning LLC boosted its stake in Korea Electric Power Corporation (NYSE:KEP) by 56.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 595,498 shares of the utilities provider’s stock after buying an additional 215,150 shares during the quarter. Capital Wealth Planning LLC’s holdings in Korea Electric Power were worth $9,921,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its stake in Korea Electric Power by 47,424.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 375,442 shares of the utilities provider’s stock valued at $4,900,000 after buying an additional 374,652 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in Korea Electric Power in the 3rd quarter valued at approximately $456,000. Assetmark Inc. lifted its stake in Korea Electric Power by 1,172,236.7% in the 3rd quarter. Assetmark Inc. now owns 351,701 shares of the utilities provider’s stock valued at $4,590,000 after buying an additional 351,671 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in Korea Electric Power by 4,179.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 99,404 shares of the utilities provider’s stock valued at $1,640,000 after buying an additional 97,081 shares in the last quarter. Finally, Dorsey Wright & Associates purchased a new stake in Korea Electric Power during the 3rd quarter worth about $1,454,000.

Analyst Ratings Changes

A number of analysts recently commented on KEP shares. Zacks Research upgraded Korea Electric Power from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 28th. Morgan Stanley cut Korea Electric Power from an “equal weight” rating to an “underweight” rating in a research report on Tuesday, May 19th. Wall Street Zen cut Korea Electric Power from a “buy” rating to a “hold” rating in a research report on Sunday, March 22nd. Bank of America cut Korea Electric Power from a “buy” rating to a “neutral” rating in a research report on Tuesday, March 31st. Finally, Weiss Ratings cut Korea Electric Power from a “buy (b)” rating to a “hold (c+)” rating in a research report on Wednesday, May 27th. Three analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Reduce”.

Korea Electric Power Trading Down 2.1%

Shares of Korea Electric Power stock opened at $11.93 on Thursday. Korea Electric Power Corporation has a fifty-two week low of $10.08 and a fifty-two week high of $23.41. The firm has a market cap of $15.31 billion, a PE ratio of 2.54, a P/E/G ratio of 1.81 and a beta of 0.93. The business’s fifty day moving average is $14.09 and its two-hundred day moving average is $16.88. The company has a quick ratio of 0.31, a current ratio of 0.46 and a debt-to-equity ratio of 1.70.

Korea Electric Power (NYSE:KEP) last issued its quarterly earnings results on Saturday, February 14th. The utilities provider reported ($0.10) earnings per share for the quarter. Korea Electric Power had a return on equity of 18.76% and a net margin of 8.80%.The business had revenue of $13.61 billion for the quarter. Analysts anticipate that Korea Electric Power Corporation will post 3.29 earnings per share for the current year.

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.