Korea Electric Power Corporation (NYSE:KEP) Sees Significant Decrease in Short Interest

Korea Electric Power Corporation (NYSE:KEP) was the recipient of a significant drop in short interest in April. As of April 15th, there was short interest totaling 699,508 shares, a drop of 20.4% from the March 31st total of 878,985 shares. Based on an average trading volume of 744,545 shares, the days-to-cover ratio is currently 0.9 days. Approximately 0.1% of the company’s stock are short sold.

Korea Electric Power Stock Down 1.1%

Shares of Korea Electric Power stock traded down $0.17 on Friday, reaching $15.12. The company’s stock had a trading volume of 348,933 shares, compared to its average volume of 618,479. Korea Electric Power has a 52 week low of $8.90 and a 52 week high of $23.41. The firm’s fifty day simple moving average is $16.30 and its two-hundred day simple moving average is $17.26. The company has a quick ratio of 0.31, a current ratio of 0.46 and a debt-to-equity ratio of 1.70. The company has a market capitalization of $19.42 billion, a price-to-earnings ratio of 3.22, a P/E/G ratio of 0.17 and a beta of 0.99.

Korea Electric Power (NYSE:KEP) last announced its quarterly earnings results on Saturday, February 14th. The utilities provider reported ($0.10) earnings per share (EPS) for the quarter. Korea Electric Power had a net margin of 8.80% and a return on equity of 18.76%. The business had revenue of $13.61 billion for the quarter. Equities analysts anticipate that Korea Electric Power will post 3.47 earnings per share for the current year.

Analyst Ratings Changes

KEP has been the subject of several recent analyst reports. Weiss Ratings lowered Korea Electric Power from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday. Zacks Research lowered shares of Korea Electric Power from a “hold” rating to a “strong sell” rating in a research note on Tuesday, March 31st. Bank of America cut shares of Korea Electric Power from a “buy” rating to a “neutral” rating in a report on Tuesday, March 31st. Finally, Wall Street Zen downgraded shares of Korea Electric Power from a “buy” rating to a “hold” rating in a research note on Sunday, March 22nd. Two investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Korea Electric Power currently has an average rating of “Reduce”.

Institutional Trading of Korea Electric Power

A number of institutional investors have recently made changes to their positions in KEP. Global Trust Asset Management LLC bought a new stake in shares of Korea Electric Power in the first quarter worth approximately $28,000. Smartleaf Asset Management LLC bought a new position in Korea Electric Power during the third quarter valued at approximately $29,000. Rockefeller Capital Management L.P. boosted its holdings in Korea Electric Power by 47.0% in the fourth 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 during the last quarter. TD Private Client Wealth LLC purchased a new stake in Korea Electric Power in the third quarter worth approximately $33,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in Korea Electric Power in the 4th quarter worth approximately $45,000.

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.