Assetmark Inc. Grows Position in Korea Electric Power Corporation $KEP

Assetmark Inc. grew its position in shares of Korea Electric Power Corporation (NYSE:KEP) by 119.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 644,041 shares of the utilities provider’s stock after purchasing an additional 350,337 shares during the quarter. Assetmark Inc.’s holdings in Korea Electric Power were worth $9,178,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership raised its stake in shares of Korea Electric Power by 26.0% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,514,228 shares of the utilities provider’s stock worth $19,761,000 after acquiring an additional 312,680 shares in the last quarter. State Street Corp boosted its stake in shares of Korea Electric Power by 5.3% in the 4th 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 in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Korea Electric Power by 9.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 847,902 shares of the utilities provider’s stock valued at $13,990,000 after purchasing an additional 70,943 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Korea Electric Power by 1.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 703,998 shares of the utilities provider’s stock valued at $11,624,000 after purchasing an additional 8,882 shares during the last quarter. Finally, Capital Wealth Planning LLC grew its holdings in shares of Korea Electric Power by 56.6% during the 4th quarter. Capital Wealth Planning LLC now owns 595,498 shares of the utilities provider’s stock valued at $9,921,000 after purchasing an additional 215,150 shares during the last quarter.

Korea Electric Power Stock Down 0.6%

Shares of NYSE KEP opened at $11.30 on Tuesday. The firm has a fifty day simple moving average of $12.61 and a two-hundred day simple moving average of $15.93. The company has a current ratio of 0.43, a quick ratio of 0.29 and a debt-to-equity ratio of 1.56. The firm has a market capitalization of $14.51 billion, a PE ratio of 2.37, a price-to-earnings-growth ratio of 1.96 and a beta of 0.95. Korea Electric Power Corporation has a 12 month low of $11.25 and a 12 month high of $23.41.

Korea Electric Power (NYSE:KEP) last issued its quarterly earnings results on Wednesday, June 17th. The utilities provider reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.06. The company had revenue of $16.22 billion for the quarter, compared to analysts’ expectations of $17.21 billion. Korea Electric Power had a return on equity of 18.25% and a net margin of 8.95%. Equities analysts expect that Korea Electric Power Corporation will post 2.83 earnings per share for the current year.

Analyst Ratings Changes

KEP has been the subject of several recent research reports. Bank of America downgraded shares of Korea Electric Power from a “buy” rating to a “neutral” rating in a research note on Tuesday, March 31st. Morgan Stanley lowered Korea Electric Power from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, May 19th. Zacks Research cut Korea Electric Power from a “hold” rating to a “strong sell” rating in a report on Monday, July 13th. Finally, Weiss Ratings lowered Korea Electric Power from a “buy (b)” rating to a “hold (c+)” rating in a research report on Wednesday, May 27th. Two investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Korea Electric Power currently has an average 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.