Dorsey Wright & Associates Purchases 47,526 Shares of Korea Electric Power Corporation $KEP

Dorsey Wright & Associates lifted its position in Korea Electric Power Corporation (NYSE:KEP) by 40.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 166,344 shares of the utilities provider’s stock after buying an additional 47,526 shares during the period. Dorsey Wright & Associates’ holdings in Korea Electric Power were worth $2,370,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Global Trust Asset Management LLC acquired a new position in shares of Korea Electric Power during the first quarter valued at about $28,000. Rockefeller Capital Management L.P. grew its position 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 during the last quarter. Smartleaf Asset Management LLC increased its stake 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 valued at $44,000 after purchasing an additional 466 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of Korea Electric Power in the fourth quarter worth $45,000. Finally, Barclays PLC acquired a new stake in shares of Korea Electric Power during the fourth quarter worth $45,000.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Morgan Stanley downgraded Korea Electric Power from an “equal weight” rating to an “underweight” rating in a research report on Tuesday, May 19th. Weiss Ratings cut Korea Electric Power from a “buy (b)” rating to a “hold (c+)” rating in a research report on Wednesday, May 27th. Bank of America downgraded Korea Electric Power from a “buy” rating to a “neutral” rating in a research note on Tuesday, March 31st. Wall Street Zen lowered Korea Electric Power from a “buy” rating to a “hold” rating in a report on Sunday, March 22nd. Finally, Zacks Research cut Korea Electric Power from a “hold” rating to a “strong sell” rating in a research note on Monday, July 13th. 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, the company has a consensus rating of “Reduce”.

Korea Electric Power Stock Down 0.8%

NYSE:KEP opened at $11.39 on Friday. 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’s fifty day moving average price is $12.68 and its 200-day moving average price is $15.97. Korea Electric Power Corporation has a 1-year low of $11.25 and a 1-year high of $23.41. The firm has a market capitalization of $14.63 billion, a P/E ratio of 2.38, a PEG ratio of 1.98 and a beta of 0.95.

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