Korea Electric Power (NYSE:KEP) Issues Quarterly Earnings Results

Korea Electric Power (NYSE:KEP) issued its quarterly earnings results on Tuesday. The utilities provider reported $1.29 EPS for the quarter, FiscalAI reports. The company had revenue of $16.22 billion during the quarter. Korea Electric Power had a net margin of 8.80% and a return on equity of 18.76%.

Korea Electric Power Trading Down 0.3%

NYSE KEP opened at $13.19 on Thursday. The firm’s 50-day moving average is $13.97 and its two-hundred day moving average is $16.72. Korea Electric Power has a 12 month low of $10.22 and a 12 month high of $23.41. The company has a debt-to-equity ratio of 1.70, a current ratio of 0.46 and a quick ratio of 0.31. The stock has a market capitalization of $16.93 billion, a P/E ratio of 2.81, a PEG ratio of 2.28 and a beta of 0.93.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on KEP. Weiss Ratings cut shares of Korea Electric Power from a “buy (b)” rating to a “hold (c+)” rating in a research note on Wednesday, May 27th. Morgan Stanley cut shares of Korea Electric Power from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, May 19th. Bank of America cut shares of Korea Electric Power from a “buy” rating to a “neutral” rating in a research note on Tuesday, March 31st. Zacks Research raised shares of Korea Electric Power from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 28th. Finally, Wall Street Zen cut shares of Korea Electric Power from a “buy” rating to a “hold” rating in a research note on Sunday, March 22nd. Three research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Korea Electric Power presently has a consensus rating of “Reduce”.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. NewEdge Advisors LLC lifted its position in Korea Electric Power by 29.3% in the first quarter. NewEdge Advisors LLC now owns 38,524 shares of the utilities provider’s stock valued at $549,000 after buying an additional 8,723 shares during the last quarter. Bank of America Corp DE lifted its position in Korea Electric Power by 617.5% in the first quarter. Bank of America Corp DE now owns 249,280 shares of the utilities provider’s stock valued at $3,552,000 after buying an additional 214,535 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in Korea Electric Power by 34.5% in the first quarter. EverSource Wealth Advisors LLC now owns 21,535 shares of the utilities provider’s stock valued at $307,000 after buying an additional 5,528 shares during the last quarter. Royal Bank of Canada lifted its position in Korea Electric Power by 171.4% in the first quarter. Royal Bank of Canada now owns 6,499 shares of the utilities provider’s stock valued at $93,000 after buying an additional 4,104 shares during the last quarter. Finally, Quantinno Capital Management LP lifted its position in Korea Electric Power by 48.1% in the first quarter. Quantinno Capital Management LP now owns 480,867 shares of the utilities provider’s stock valued at $6,852,000 after buying an additional 156,227 shares during the last quarter.

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.