Korea Electric Power Corporation $KEP Shares Sold by Ramirez Asset Management Inc.

Ramirez Asset Management Inc. lowered its position in Korea Electric Power Corporation (NYSE:KEP) by 0.5% in the second quarter, Holdings Channel.com reports. The firm owned 278,651 shares of the utilities provider’s stock after selling 1,329 shares during the quarter. Ramirez Asset Management Inc.’s holdings in Korea Electric Power were worth $3,968,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. lifted its position in Korea Electric Power by 4.3% in the first quarter. PNC Financial Services Group Inc. now owns 49,141 shares of the utilities provider’s stock valued at $364,000 after purchasing an additional 2,029 shares during the period. Compound Planning Inc. increased its holdings in Korea Electric Power by 14.7% in the first quarter. Compound Planning Inc. now owns 16,105 shares of the utilities provider’s stock valued at $119,000 after buying an additional 2,065 shares in the last quarter. PDS Planning Inc increased its holdings in Korea Electric Power by 10.2% in the first quarter. PDS Planning Inc now owns 26,817 shares of the utilities provider’s stock valued at $199,000 after buying an additional 2,473 shares in the last quarter. Cetera Investment Advisers increased its holdings in Korea Electric Power by 22.7% in the first quarter. Cetera Investment Advisers now owns 21,121 shares of the utilities provider’s stock valued at $157,000 after buying an additional 3,910 shares in the last quarter. Finally, Blue Trust Inc. increased its holdings in Korea Electric Power by 15.7% in the first quarter. Blue Trust Inc. now owns 30,251 shares of the utilities provider’s stock valued at $224,000 after buying an additional 4,109 shares in the last quarter.

Korea Electric Power Trading Down 0.7%

Shares of KEP opened at $12.65 on Friday. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.46 and a quick ratio of 0.31. The firm has a 50 day simple moving average of $13.48 and a 200-day simple moving average of $11.63. Korea Electric Power Corporation has a 1-year low of $6.68 and a 1-year high of $15.19. The stock has a market cap of $16.24 billion, a price-to-earnings ratio of 3.60 and a beta of 0.95.

Korea Electric Power (NYSE:KEP) last issued its quarterly earnings data on Monday, September 15th. The utilities provider reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.03. Korea Electric Power had a net margin of 6.58% and a return on equity of 15.34%. The business had revenue of $15.70 billion during the quarter, compared to analysts’ expectations of $19.45 billion.

Analysts Set New Price Targets

KEP has been the subject of a number of research analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Korea Electric Power in a report on Wednesday. Wall Street Zen cut shares of Korea Electric Power from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 16th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

Korea Electric Power Profile

Korea Electric Power Corporation, an integrated electric utility company, engages in the generation, transmission, and distribution of electricity in South Korea and internationally. The company operates through Transmission and Distribution, Nuclear Power Generation, Thermal Power Generation, and Others segments.