Lazard Asset Management LLC Has $1.95 Million Holdings in Korea Electric Power Corporation $KEP

Lazard Asset Management LLC cut its holdings in shares of Korea Electric Power Corporation (NYSE:KEP) by 24.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 137,003 shares of the utilities provider’s stock after selling 45,186 shares during the period. Lazard Asset Management LLC’s holdings in Korea Electric Power were worth $1,952,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Global Trust Asset Management LLC acquired a new stake in shares of Korea Electric Power during the first quarter worth about $28,000. Rockefeller Capital Management L.P. increased its stake in Korea Electric Power by 47.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 2,264 shares of the utilities provider’s stock worth $37,000 after purchasing an additional 724 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in Korea Electric Power by 21.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,625 shares of the utilities provider’s stock worth $44,000 after buying an additional 466 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in Korea Electric Power in the fourth quarter valued at approximately $45,000. Finally, Barclays PLC acquired a new position in shares of Korea Electric Power in the fourth quarter valued at approximately $45,000.

Analyst Ratings Changes

A number of brokerages recently commented on KEP. Morgan Stanley lowered shares of Korea Electric Power from an “equal weight” rating to an “underweight” rating in a report on Tuesday, May 19th. Zacks Research lowered Korea Electric Power from a “hold” rating to a “strong sell” rating in a report on Monday, July 13th. Finally, Weiss Ratings cut Korea Electric Power from a “buy (b)” rating to a “hold (c+)” rating in a research report 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 stock. According to data from MarketBeat, Korea Electric Power currently has an average rating of “Reduce”.

Korea Electric Power Stock Down 0.0%

Korea Electric Power stock opened at $11.95 on Monday. The company has a current ratio of 0.43, a quick ratio of 0.29 and a debt-to-equity ratio of 1.56. Korea Electric Power Corporation has a 1-year low of $11.25 and a 1-year high of $23.41. The company has a fifty day simple moving average of $12.36 and a 200 day simple moving average of $15.59. The company has a market cap of $15.34 billion, a P/E ratio of 2.50, a price-to-earnings-growth ratio of 2.06 and a beta of 0.95.

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