Korea Electric Power (NYSE:KEP) Releases Quarterly Earnings Results

Korea Electric Power (NYSE:KEP) posted its quarterly earnings data on Tuesday. The utilities provider reported $0.71 earnings per share for the quarter, Zacks reports. The firm had revenue of $14.92 billion for the quarter, compared to analyst estimates of $16.37 billion. Korea Electric Power had a net margin of 8.47% and a return on equity of 19.00%.

Korea Electric Power Trading Down 1.9%

Shares of Korea Electric Power stock traded down $0.32 during trading on Thursday, reaching $16.03. The company’s stock had a trading volume of 54,751 shares, compared to its average volume of 717,352. The business has a 50 day moving average price of $19.83 and a 200-day moving average price of $16.80. Korea Electric Power has a 12-month low of $7.19 and a 12-month high of $23.41. The company has a quick ratio of 0.33, a current ratio of 0.48 and a debt-to-equity ratio of 1.78.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Zacks Research upgraded shares of Korea Electric Power to a “hold” rating in a research report on Wednesday, November 19th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Korea Electric Power in a research note on Monday, December 29th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Korea Electric Power has an average rating of “Moderate Buy”.

Institutional Investors Weigh In On Korea Electric Power

Hedge funds and other institutional investors have recently bought and sold shares of the business. Smartleaf Asset Management LLC grew its stake in shares of Korea Electric Power by 21.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,625 shares of the utilities provider’s stock worth $44,000 after purchasing an additional 466 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in Korea Electric Power during the fourth quarter worth about $45,000. Barclays PLC purchased a new stake in Korea Electric Power during the fourth quarter worth about $45,000. Osaic Holdings Inc. grew its position in Korea Electric Power by 1,144.4% during 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 during the period. Finally, Wells Fargo & Company MN grew its position in Korea Electric Power by 155.3% during the fourth quarter. Wells Fargo & Company MN now owns 3,585 shares of the utilities provider’s stock worth $59,000 after buying an additional 2,181 shares during the period.

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.