Public Employees Retirement System of Ohio Takes $8.95 Million Position in Korea Electric Power Corporation $KEP

Public Employees Retirement System of Ohio acquired a new position in shares of Korea Electric Power Corporation (NYSE:KEP) in the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 119,014 shares of the utilities provider’s stock, valued at approximately $8,951,000.

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

Korea Electric Power Price Performance

Shares of NYSE KEP opened at $11.61 on Tuesday. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.43 and a quick ratio of 0.29. The company has a market cap of $14.91 billion, a price-to-earnings ratio of 2.43, a price-to-earnings-growth ratio of 2.23 and a beta of 0.95. The stock’s 50-day moving average is $11.94 and its two-hundred day moving average is $14.28. Korea Electric Power Corporation has a 1-year low of $11.15 and a 1-year high of $23.41.

Korea Electric Power (NYSE:KEP) last announced its quarterly earnings data on Wednesday, August 12th. The utilities provider reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.18). Korea Electric Power had a net margin of 8.95% and a return on equity of 18.25%. The company had revenue of $14.15 billion during the quarter, compared to analysts’ expectations of $15.31 billion. Analysts forecast that Korea Electric Power Corporation will post 2.56 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Morgan Stanley cut Korea Electric Power from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, May 19th. Weiss Ratings cut Korea Electric Power from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, August 20th. Zacks Research raised Korea Electric Power from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 11th. Finally, Nomura lowered shares of Korea Electric Power from a “buy” rating to a “neutral” rating in a research note on Thursday, August 13th. Four analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Korea Electric Power has a consensus rating of “Reduce”.

Korea Electric Power 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.