JPMorgan Chase & Co. Boosts Stock Holdings in Korea Electric Power Corporation $KEP

JPMorgan Chase & Co. raised its stake in Korea Electric Power Corporation (NYSE:KEP) by 47,424.3% during the third quarter, HoldingsChannel.com reports. The fund owned 375,442 shares of the utilities provider’s stock after purchasing an additional 374,652 shares during the quarter. JPMorgan Chase & Co.’s holdings in Korea Electric Power were worth $4,900,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of KEP. Smartleaf Asset Management LLC bought a new position in shares of Korea Electric Power during the 3rd quarter valued at about $29,000. TD Private Client Wealth LLC bought a new stake in shares of Korea Electric Power in the third quarter worth about $33,000. Global Retirement Partners LLC purchased a new stake in shares of Korea Electric Power in the third quarter worth about $41,000. Osaic Holdings Inc. lifted its position in shares of Korea Electric Power by 1,144.4% in the second quarter. Osaic Holdings Inc. now owns 3,447 shares of the utilities provider’s stock worth $49,000 after buying an additional 3,170 shares in the last quarter. Finally, TD Waterhouse Canada Inc. boosted its stake in Korea Electric Power by 1,853.0% during the third quarter. TD Waterhouse Canada Inc. now owns 4,824 shares of the utilities provider’s stock valued at $62,000 after buying an additional 4,577 shares during the last quarter.

Analysts Set New Price Targets

Several equities analysts have weighed in on KEP shares. Bank of America cut Korea Electric Power from a “buy” rating to a “neutral” rating in a report on Tuesday. Wall Street Zen cut Korea Electric Power from a “buy” rating to a “hold” rating in a report on Sunday, March 22nd. Zacks Research downgraded Korea Electric Power from a “hold” rating to a “strong sell” rating in a research report on Tuesday. Finally, Weiss Ratings raised shares of Korea Electric Power from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Korea Electric Power currently has an average rating of “Hold”.

Korea Electric Power Stock Down 2.8%

Shares of NYSE KEP opened at $14.13 on Friday. The company has a current ratio of 0.46, a quick ratio of 0.31 and a debt-to-equity ratio of 1.70. Korea Electric Power Corporation has a 12-month low of $7.20 and a 12-month high of $23.41. The firm’s 50-day moving average price is $18.80 and its 200-day moving average price is $16.99. The stock has a market capitalization of $18.14 billion, a price-to-earnings ratio of 3.01, a P/E/G ratio of 0.16 and a beta of 1.01.

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 return on equity of 18.76% and a net margin of 8.80%.The company had revenue of $13.61 billion during the quarter.

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.