Sequoia Financial Advisors LLC Has $1.66 Million Stock Position in Korea Electric Power Corporation $KEP

Sequoia Financial Advisors LLC grew its holdings in Korea Electric Power Corporation (NYSE:KEP) by 102.3% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 136,803 shares of the utilities provider’s stock after acquiring an additional 69,166 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Korea Electric Power were worth $1,655,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Engineers Gate Manager LP boosted its holdings in Korea Electric Power by 166.5% in the 2nd quarter. Engineers Gate Manager LP now owns 105,619 shares of the utilities provider’s stock valued at $1,278,000 after purchasing an additional 65,994 shares during the period. NewEdge Advisors LLC increased its holdings in shares of Korea Electric Power by 18.6% during the second quarter. NewEdge Advisors LLC now owns 45,674 shares of the utilities provider’s stock worth $553,000 after purchasing an additional 7,150 shares during the period. Nykredit A S bought a new position in shares of Korea Electric Power during the second quarter worth approximately $121,000. Corient Private Wealth LP raised its position in shares of Korea Electric Power by 54.2% in the second quarter. Corient Private Wealth LP now owns 265,049 shares of the utilities provider’s stock valued at $3,207,000 after buying an additional 93,194 shares in the last quarter. Finally, HB Wealth Management LLC acquired a new stake in shares of Korea Electric Power in the second quarter valued at approximately $293,000.

Korea Electric Power Stock Performance

NYSE KEP opened at $11.57 on Tuesday. The firm’s fifty day moving average price is $11.87 and its two-hundred day moving average price is $13.59. The stock has a market cap of $14.86 billion, a PE ratio of 2.42, a PEG ratio of 2.33 and a beta of 0.95. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.29 and a current ratio of 0.43. Korea Electric Power Corporation has a fifty-two week low of $11.15 and a fifty-two week high of $23.41.

Korea Electric Power (NYSE:KEP) last released its quarterly earnings data on Wednesday, August 12th. The utilities provider reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.18). The firm had revenue of $14.15 billion for the quarter, compared to analyst estimates of $15.31 billion. Korea Electric Power had a net margin of 8.95% and a return on equity of 18.25%. On average, equities analysts expect that Korea Electric Power Corporation will post 2.56 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on KEP shares. Morgan Stanley downgraded Korea Electric Power from an “equal weight” rating to an “underweight” rating in a research report on Tuesday, May 19th. Nomura cut Korea Electric Power from a “buy” rating to a “neutral” rating in a report on Thursday, August 13th. Zacks Research downgraded Korea Electric Power from a “hold” rating to a “strong sell” rating in a research report on Wednesday, September 9th. Finally, Weiss Ratings lowered Korea Electric Power from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, August 20th. Three investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce”.

About Korea Electric Power

Korea Electric Power Corporation (KEPCO) is South Korea’s state-owned, integrated electric utility. The company is responsible for the transmission and distribution of electricity throughout South Korea and supplies power to residential, commercial and industrial customers.

KEPCO’s business includes electricity generation through affiliated companies, power transmission and distribution, and related energy services. Its generation-related subsidiaries include Korea Hydro & Nuclear Power, which operates nuclear and hydroelectric facilities, as well as several companies focused on thermal and renewable power generation.

Founded in 1961, KEPCO has also pursued international projects involving power generation, transmission, renewable energy and other energy infrastructure.