Korea Electric Power Corporation (NYSE:KEP) Short Interest Down 20.4% in April

Korea Electric Power Corporation (NYSE:KEP) saw a large decrease in short interest during the month of April. As of April 15th, there was short interest totaling 699,508 shares, a decrease of 20.4% from the March 31st total of 878,985 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 744,545 shares, the days-to-cover ratio is currently 0.9 days.

Institutional Investors Weigh In On Korea Electric Power

Several institutional investors and hedge funds have recently modified their holdings of KEP. Global Trust Asset Management LLC purchased a new stake in shares of Korea Electric Power in the first quarter worth about $28,000. Smartleaf Asset Management LLC purchased a new position in shares of Korea Electric Power in the third quarter valued at $29,000. TD Private Client Wealth LLC purchased a new position in shares of Korea Electric Power in the third quarter valued at $33,000. Rockefeller Capital Management L.P. boosted its stake in shares of Korea Electric Power by 47.0% in the fourth quarter. Rockefeller Capital Management L.P. now owns 2,264 shares of the utilities provider’s stock valued at $37,000 after purchasing an additional 724 shares during the period. Finally, Global Retirement Partners LLC purchased a new position in shares of Korea Electric Power in the third quarter valued at $41,000.

Korea Electric Power Trading Up 4.0%

Shares of NYSE:KEP traded up $0.58 during midday trading on Thursday, reaching $15.28. The company’s stock had a trading volume of 417,817 shares, compared to its average volume of 639,290. The firm has a market cap of $19.62 billion, a price-to-earnings ratio of 3.25, a price-to-earnings-growth ratio of 0.16 and a beta of 1.01. The company has a quick ratio of 0.31, a current ratio of 0.46 and a debt-to-equity ratio of 1.70. Korea Electric Power has a 1 year low of $8.90 and a 1 year high of $23.41. The business has a 50 day moving average price of $16.30 and a 200 day moving average price of $17.26.

Korea Electric Power (NYSE:KEP) last announced its quarterly earnings data on Saturday, February 14th. The utilities provider reported ($0.10) EPS for the quarter. The business had revenue of $13.61 billion during the quarter. Korea Electric Power had a net margin of 8.80% and a return on equity of 18.76%. Research analysts forecast that Korea Electric Power will post 3.47 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on KEP. Weiss Ratings downgraded shares of Korea Electric Power from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday. Zacks Research downgraded shares of Korea Electric Power from a “hold” rating to a “strong sell” rating in a research report on Tuesday, March 31st. Wall Street Zen downgraded Korea Electric Power from a “buy” rating to a “hold” rating in a research note on Sunday, March 22nd. Finally, Bank of America downgraded Korea Electric Power from a “buy” rating to a “neutral” rating in a research note on Tuesday, March 31st. Two investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Korea Electric Power presently has an average rating of “Reduce”.

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.