Simon Quick Advisors LLC Takes Position in Korea Electric Power Corporation $KEP

Simon Quick Advisors LLC bought a new stake in Korea Electric Power Corporation (NYSE:KEP) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 10,300 shares of the utilities provider’s stock, valued at approximately $147,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC purchased a new position in Korea Electric Power during the second quarter worth approximately $824,000. Cerity Partners LLC lifted its position in Korea Electric Power by 105.9% during the first quarter. Cerity Partners LLC now owns 145,455 shares of the utilities provider’s stock worth $1,078,000 after buying an additional 74,818 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in Korea Electric Power by 4.3% during the first quarter. PNC Financial Services Group Inc. now owns 49,141 shares of the utilities provider’s stock worth $364,000 after buying an additional 2,029 shares in the last quarter. American Century Companies Inc. lifted its position in Korea Electric Power by 6.5% during the first quarter. American Century Companies Inc. now owns 443,061 shares of the utilities provider’s stock worth $3,283,000 after buying an additional 26,906 shares in the last quarter. Finally, Cubist Systematic Strategies LLC lifted its position in Korea Electric Power by 37.7% during the first quarter. Cubist Systematic Strategies LLC now owns 54,194 shares of the utilities provider’s stock worth $402,000 after buying an additional 14,846 shares in the last quarter.

Korea Electric Power Trading Down 2.2%

KEP opened at $15.62 on Wednesday. Korea Electric Power Corporation has a 52 week low of $6.68 and a 52 week high of $16.25. The company has a quick ratio of 0.31, a current ratio of 0.46 and a debt-to-equity ratio of 2.05. The business has a fifty day simple moving average of $13.81 and a 200-day simple moving average of $12.60. The firm has a market cap of $20.05 billion, a P/E ratio of 4.45 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, beating analysts’ consensus estimates of $0.60 by $0.03. Korea Electric Power had a return on equity of 15.34% and a net margin of 6.58%.The business had revenue of $15.70 billion during the quarter, compared to analysts’ expectations of $19.45 billion.

Analyst Ratings Changes

KEP has been the subject of several recent analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Korea Electric Power in a research note on Wednesday, October 8th. Wall Street Zen raised Korea Electric Power from a “buy” rating to a “strong-buy” rating in a research note on Saturday. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock 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.