Kopernik Global Investors LLC Decreases Holdings in Korea Electric Power Corporation $KEP

Kopernik Global Investors LLC decreased its stake in Korea Electric Power Corporation (NYSE:KEP) by 22.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 207,140 shares of the utilities provider’s stock after selling 61,011 shares during the quarter. Korea Electric Power makes up 0.2% of Kopernik Global Investors LLC’s holdings, making the stock its 24th biggest position. Kopernik Global Investors LLC’s holdings in Korea Electric Power were worth $2,952,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of KEP. JPMorgan Chase & Co. increased its stake 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 worth $4,900,000 after buying an additional 374,652 shares in the last quarter. Assetmark Inc. lifted its position in shares of Korea Electric Power by 119.3% in the first quarter. Assetmark Inc. now owns 644,041 shares of the utilities provider’s stock valued at $9,178,000 after acquiring an additional 350,337 shares in the last quarter. Capital Wealth Planning LLC boosted its stake in shares of Korea Electric Power by 56.6% in the fourth quarter. Capital Wealth Planning LLC now owns 595,498 shares of the utilities provider’s stock worth $9,921,000 after acquiring an additional 215,150 shares during the last quarter. Whittier Trust Co. acquired a new stake in shares of Korea Electric Power in the first quarter worth approximately $619,000. Finally, Diversify Wealth Management LLC increased its position in shares of Korea Electric Power by 44.0% during the first quarter. Diversify Wealth Management LLC now owns 146,191 shares of the utilities provider’s stock worth $2,149,000 after purchasing an additional 44,648 shares in the last quarter.

Korea Electric Power Stock Performance

NYSE KEP opened at $11.86 on Thursday. The stock’s fifty day moving average is $12.52 and its two-hundred day moving average is $15.86. The firm has a market capitalization of $15.23 billion, a P/E ratio of 2.48, a price-to-earnings-growth ratio of 2.02 and a beta of 0.95. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.29 and a current ratio of 0.43. Korea Electric Power Corporation has a fifty-two week low of $11.25 and a fifty-two week high of $23.41.

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

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Morgan Stanley lowered Korea Electric Power from an “equal weight” rating to an “underweight” rating in a report on Tuesday, May 19th. Bank of America cut shares of Korea Electric Power from a “buy” rating to a “neutral” rating in a research report on Tuesday, March 31st. Weiss Ratings downgraded shares of Korea Electric Power from a “buy (b)” rating to a “hold (c+)” rating in a research note on Wednesday, May 27th. Finally, Zacks Research lowered shares of Korea Electric Power from a “hold” rating to a “strong sell” rating in a research report on Monday, July 13th. Two analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Korea Electric Power has an average rating of “Reduce”.

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.