Dorsey Wright & Associates Increases Stake in Korea Electric Power Corporation $KEP

Dorsey Wright & Associates grew its holdings in shares of Korea Electric Power Corporation (NYSE:KEP) by 40.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 166,344 shares of the utilities provider’s stock after purchasing an additional 47,526 shares during the quarter. Dorsey Wright & Associates’ holdings in Korea Electric Power were worth $2,370,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in KEP. Arrowstreet Capital Limited Partnership raised its position in shares of Korea Electric Power by 26.0% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,514,228 shares of the utilities provider’s stock valued at $19,761,000 after buying an additional 312,680 shares during the last quarter. State Street Corp boosted its position in Korea Electric Power by 5.3% during the fourth quarter. State Street Corp now owns 883,266 shares of the utilities provider’s stock worth $14,574,000 after acquiring an additional 44,617 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in Korea Electric Power by 9.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 847,902 shares of the utilities provider’s stock worth $13,990,000 after acquiring an additional 70,943 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Korea Electric Power by 1.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 703,998 shares of the utilities provider’s stock valued at $11,624,000 after acquiring an additional 8,882 shares in the last quarter. Finally, Assetmark Inc. grew its stake in Korea Electric Power by 119.3% during the 1st 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 in the last quarter.

Wall Street Analyst Weigh In

A number of analysts have commented on KEP shares. Wall Street Zen downgraded shares of Korea Electric Power from a “buy” rating to a “hold” rating in a report on Sunday, March 22nd. Zacks Research lowered Korea Electric Power from a “hold” rating to a “strong sell” rating in a research report on Monday, July 13th. Bank of America cut Korea Electric Power from a “buy” rating to a “neutral” rating in a report on Tuesday, March 31st. Morgan Stanley downgraded Korea Electric Power from an “equal weight” rating to an “underweight” rating in a research report on Tuesday, May 19th. Finally, Weiss Ratings lowered Korea Electric Power from a “buy (b)” rating to a “hold (c+)” rating in a research note on Wednesday, May 27th. Two equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Korea Electric Power has a consensus rating of “Reduce”.

Korea Electric Power Stock Performance

Shares of KEP stock opened at $11.39 on Friday. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.29 and a current ratio of 0.43. The firm has a market cap of $14.63 billion, a P/E ratio of 2.38, a P/E/G ratio of 1.98 and a beta of 0.95. The firm’s 50 day moving average price is $12.68 and its 200-day moving average price is $15.97. Korea Electric Power Corporation has a one year low of $11.25 and a one year high of $23.41.

Korea Electric Power (NYSE:KEP) last issued its quarterly earnings data on Wednesday, June 17th. The utilities provider reported $1.33 earnings per share for the quarter, beating analysts’ consensus estimates of $1.27 by $0.06. The business had revenue of $16.22 billion during the quarter, compared to analysts’ expectations of $17.21 billion. Korea Electric Power had a return on equity of 18.25% and a net margin of 8.95%. As a group, equities research analysts predict that Korea Electric Power Corporation will post 2.83 EPS for the current year.

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.