41,175 Shares in Korea Electric Power Corporation $KEP Bought by Atlas Capital Advisors Inc.

Atlas Capital Advisors Inc. bought a new position in shares of Korea Electric Power Corporation (NYSE:KEP) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 41,175 shares of the utilities provider’s stock, valued at approximately $679,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Stifel Financial Corp increased its holdings in Korea Electric Power by 2.4% during the fourth quarter. Stifel Financial Corp now owns 71,418 shares of the utilities provider’s stock worth $1,178,000 after buying an additional 1,661 shares during the last quarter. PCM Encore LLC acquired a new position in shares of Korea Electric Power in the fourth quarter valued at $746,000. Smartleaf Asset Management LLC increased its holdings in shares of Korea Electric Power by 21.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,625 shares of the utilities provider’s stock valued at $44,000 after purchasing an additional 466 shares during the last quarter. First Trust Advisors LP increased its holdings in shares of Korea Electric Power by 15.1% in the fourth quarter. First Trust Advisors LP now owns 33,143 shares of the utilities provider’s stock valued at $547,000 after purchasing an additional 4,351 shares during the last quarter. Finally, State Street Corp increased its holdings in shares of Korea Electric Power by 5.3% in the fourth quarter. State Street Corp now owns 883,266 shares of the utilities provider’s stock valued at $14,574,000 after purchasing an additional 44,617 shares during the last quarter.

Korea Electric Power Trading Down 0.2%

KEP stock opened at $12.74 on Monday. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.31 and a current ratio of 0.46. The company’s 50-day simple moving average is $14.01 and its 200 day simple moving average is $16.82. Korea Electric Power Corporation has a 52 week low of $10.08 and a 52 week high of $23.41. The company has a market capitalization of $16.35 billion, a PE ratio of 2.71, a price-to-earnings-growth ratio of 1.89 and a beta of 0.93.

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

Wall Street Analyst Weigh In

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

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.