Korea Electric Power Corporation $KEP Shares Sold by Causeway Capital Management LLC

Causeway Capital Management LLC lowered its holdings in Korea Electric Power Corporation (NYSE:KEP) by 99.0% in the third quarter, HoldingsChannel reports. The firm owned 12,752 shares of the utilities provider’s stock after selling 1,207,568 shares during the period. Causeway Capital Management LLC’s holdings in Korea Electric Power were worth $166,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Smartleaf Asset Management LLC purchased a new position in shares of Korea Electric Power during the 3rd quarter valued at approximately $29,000. TD Private Client Wealth LLC bought a new stake in shares of Korea Electric Power in the 3rd quarter worth about $33,000. Global Retirement Partners LLC bought a new position in shares of Korea Electric Power during the third quarter worth about $41,000. Osaic Holdings Inc. grew its stake in 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 purchasing an additional 3,170 shares in the last quarter. Finally, TD Waterhouse Canada Inc. increased its holdings in Korea Electric Power by 1,853.0% in 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.

Korea Electric Power Trading Up 0.3%

Shares of NYSE:KEP opened at $16.39 on Tuesday. The company has a quick ratio of 0.33, a current ratio of 0.48 and a debt-to-equity ratio of 1.78. The firm has a 50-day simple moving average of $19.84 and a 200 day simple moving average of $16.78. Korea Electric Power Corporation has a fifty-two week low of $7.19 and a fifty-two week high of $23.41.

Korea Electric Power (NYSE:KEP) last posted its earnings results on Thursday, December 18th. The utilities provider reported $2.11 EPS for the quarter, beating the consensus estimate of $2.08 by $0.03. The company had revenue of $19.64 billion during the quarter, compared to analyst estimates of $16.17 billion. Korea Electric Power had a return on equity of 19.00% and a net margin of 8.47%.

Wall Street Analysts Forecast Growth

KEP has been the subject of several research reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of Korea Electric Power in a research report on Monday, December 29th. Zacks Research raised Korea Electric Power to a “hold” rating in a research report on Wednesday, November 19th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Korea Electric Power currently has a consensus rating of “Moderate Buy”.

Korea Electric Power 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.