Barometer Capital Management Inc. Has $1.02 Million Stock Holdings in Korea Electric Power Corporation $KEP

Barometer Capital Management Inc. raised its stake in Korea Electric Power Corporation (NYSE:KEP) by 313.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 71,600 shares of the utilities provider’s stock after purchasing an additional 54,300 shares during the period. Barometer Capital Management Inc.’s holdings in Korea Electric Power were worth $1,020,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. JPMorgan Chase & Co. increased its position in Korea Electric Power by 47,424.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 375,442 shares of the utilities provider’s stock valued at $4,900,000 after buying an additional 374,652 shares in the last quarter. Capital Wealth Planning LLC boosted its holdings in Korea Electric Power by 56.6% in the fourth quarter. Capital Wealth Planning LLC now owns 595,498 shares of the utilities provider’s stock worth $9,921,000 after acquiring an additional 215,150 shares in the last quarter. Assetmark Inc. grew its stake in Korea Electric Power by 119.3% in the first quarter. Assetmark Inc. now owns 644,041 shares of the utilities provider’s stock valued at $9,178,000 after acquiring an additional 350,337 shares during the period. Whittier Trust Co. acquired a new stake in Korea Electric Power in the first quarter valued at approximately $619,000. Finally, Diversify Wealth Management LLC increased its holdings in shares of Korea Electric Power by 44.0% during the first quarter. Diversify Wealth Management LLC now owns 146,191 shares of the utilities provider’s stock valued at $2,149,000 after acquiring an additional 44,648 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on KEP shares. Zacks Research lowered Korea Electric Power from a “hold” rating to a “strong sell” rating in a research report on Monday, July 13th. Weiss Ratings downgraded shares of Korea Electric Power from a “buy (b)” rating to a “hold (c+)” rating in a research report on Wednesday, May 27th. Bank of America lowered shares of Korea Electric Power from a “buy” rating to a “neutral” rating in a research note on Tuesday, March 31st. Finally, Morgan Stanley downgraded shares of Korea Electric Power from an “equal weight” rating to an “underweight” rating in a report on Tuesday, May 19th. Two equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Korea Electric Power presently has a consensus rating of “Reduce”.

Korea Electric Power Price Performance

KEP stock opened at $11.71 on Wednesday. The company has a market capitalization of $15.03 billion, a P/E ratio of 2.45, a price-to-earnings-growth ratio of 1.95 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 52-week low of $11.25 and a 52-week high of $23.41. The business has a 50-day simple moving average of $12.56 and a two-hundred day simple moving average of $15.90.

Korea Electric Power (NYSE:KEP) last issued its quarterly earnings data on Wednesday, June 17th. The utilities provider reported $1.33 EPS for the quarter, topping the consensus estimate of $1.27 by $0.06. The firm had revenue of $16.22 billion during the quarter, compared to the consensus estimate of $17.21 billion. Korea Electric Power had a return on equity of 18.25% and a net margin of 8.95%. Research analysts expect that Korea Electric Power Corporation will post 2.83 EPS for the current fiscal year.

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.