Diversify Wealth Management LLC Has $2.15 Million Stock Position in Korea Electric Power Corporation $KEP

Diversify Wealth Management LLC boosted its position in shares of Korea Electric Power Corporation (NYSE:KEP) by 44.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 146,191 shares of the utilities provider’s stock after purchasing an additional 44,648 shares during the quarter. Diversify Wealth Management LLC’s holdings in Korea Electric Power were worth $2,149,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. AQR Capital Management LLC raised its stake in shares of Korea Electric Power by 18.5% during the first quarter. AQR Capital Management LLC now owns 29,211 shares of the utilities provider’s stock worth $216,000 after buying an additional 4,556 shares during the last quarter. Creative Planning bought a new position in Korea Electric Power in the second quarter valued at approximately $179,000. Marshall Wace LLP boosted its stake in Korea Electric Power by 3.4% in the second quarter. Marshall Wace LLP now owns 191,445 shares of the utilities provider’s stock valued at $2,726,000 after acquiring an additional 6,336 shares during the last quarter. Sei Investments Co. grew its holdings in Korea Electric Power by 122.5% during the 2nd quarter. Sei Investments Co. now owns 142,109 shares of the utilities provider’s stock worth $2,024,000 after acquiring an additional 78,238 shares during the period. Finally, Diversify Advisory Services LLC acquired a new stake in Korea Electric Power during the 2nd quarter worth $360,000.

Analysts Set New Price Targets

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

Korea Electric Power Trading Down 5.7%

Shares of NYSE KEP opened at $11.69 on Tuesday. The company’s fifty day moving average is $12.99 and its 200-day moving average is $16.12. The stock has a market cap of $15.00 billion, a price-to-earnings ratio of 2.44, a P/E/G ratio of 2.14 and a beta of 0.95. Korea Electric Power Corporation has a twelve month low of $11.67 and a twelve month high of $23.41. The company has a quick ratio of 0.29, a current ratio of 0.43 and a debt-to-equity ratio of 1.56.

Korea Electric Power (NYSE:KEP) last released its quarterly earnings data on Tuesday, June 16th. The utilities provider reported $1.33 EPS for the quarter, beating analysts’ consensus estimates of $1.27 by $0.06. Korea Electric Power had a net margin of 8.95% and a return on equity of 18.25%. The business had revenue of $16.22 billion during the quarter, compared to analysts’ expectations of $17.21 billion. Equities research analysts predict that Korea Electric Power Corporation will post 2.83 EPS for the current year.

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.