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

Dorsey Wright & Associates purchased a new position in shares of Korea Electric Power Corporation (NYSE:KEP) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 111,416 shares of the utilities provider’s stock, valued at approximately $1,454,000.

Several other large investors have also recently modified their holdings of KEP. JPMorgan Chase & Co. raised its holdings in Korea Electric Power by 47,424.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 375,442 shares of the utilities provider’s stock valued at $4,900,000 after acquiring an additional 374,652 shares during the period. Assetmark Inc. boosted its holdings in shares of Korea Electric Power by 1,172,236.7% in the third quarter. Assetmark Inc. now owns 351,701 shares of the utilities provider’s stock worth $4,590,000 after acquiring an additional 351,671 shares during the period. Arrowstreet Capital Limited Partnership grew 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 purchasing an additional 312,680 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of Korea Electric Power in the second quarter valued at $3,448,000. Finally, Lazard Asset Management LLC bought a new stake in shares of Korea Electric Power during the 3rd quarter valued at $2,821,000.

Analysts Set New Price Targets

KEP has been the subject of several recent analyst reports. Weiss Ratings downgraded Korea Electric Power from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday. Zacks Research upgraded Korea Electric Power to a “hold” rating in a research note on Wednesday, November 19th. Finally, Wall Street Zen cut Korea Electric Power from a “strong-buy” rating to a “buy” rating in a report on Saturday. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has a consensus rating of “Hold”.

Korea Electric Power Stock Performance

NYSE:KEP opened at $16.56 on Wednesday. The company has a debt-to-equity ratio of 1.70, a current ratio of 0.46 and a quick ratio of 0.31. Korea Electric Power Corporation has a fifty-two week low of $7.19 and a fifty-two week high of $23.41. The business has a 50 day moving average price of $19.76 and a 200-day moving average price of $16.90.

Korea Electric Power (NYSE:KEP) last released its quarterly earnings results on Tuesday, March 10th. The utilities provider reported $0.71 EPS for the quarter. Korea Electric Power had a return on equity of 18.76% and a net margin of 8.80%.The business had revenue of $14.92 billion during the quarter, compared to analyst estimates of $16.37 billion.

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.