Korea Electric Power (NYSE:KEP) Releases Quarterly Earnings Results, Beats Estimates By $0.06 EPS

Korea Electric Power (NYSE:KEP) issued its quarterly earnings results on Wednesday. The utilities provider reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.06, FiscalAI reports. Korea Electric Power had a return on equity of 18.76% and a net margin of 8.80%.The company had revenue of $16.22 billion for the quarter, compared to analysts’ expectations of $16.81 billion.

Korea Electric Power Stock Performance

Shares of NYSE:KEP traded down $0.18 on Wednesday, hitting $13.81. 1,063,218 shares of the company were exchanged, compared to its average volume of 593,227. The company’s 50 day moving average price is $15.36 and its two-hundred day moving average price is $17.32. Korea Electric Power has a one year low of $9.19 and a one year high of $23.41. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.31 and a current ratio of 0.46. The firm has a market capitalization of $17.72 billion, a price-to-earnings ratio of 2.97, a PEG ratio of 0.15 and a beta of 0.99.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Wall Street Zen cut Korea Electric Power from a “buy” rating to a “hold” rating in a research note on Sunday, March 22nd. Zacks Research cut Korea Electric Power from a “hold” rating to a “strong sell” rating in a research note on Tuesday, March 31st. Weiss Ratings cut Korea Electric Power from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, April 29th. Finally, Bank of America lowered shares of Korea Electric Power from a “buy” rating to a “neutral” rating in a research note on Tuesday, March 31st. Two research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Reduce”.

Institutional Trading of Korea Electric Power

Institutional investors have recently made changes to their positions in the business. Smartleaf Asset Management LLC lifted its holdings 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 buying an additional 466 shares during the period. Syon Capital LLC lifted its holdings in Korea Electric Power by 4.5% in the fourth quarter. Syon Capital LLC now owns 12,226 shares of the utilities provider’s stock valued at $202,000 after buying an additional 526 shares during the period. Vise Technologies Inc. lifted its holdings in Korea Electric Power by 3.0% in the fourth quarter. Vise Technologies Inc. now owns 22,518 shares of the utilities provider’s stock valued at $372,000 after buying an additional 654 shares during the period. Coldstream Capital Management Inc. lifted its holdings in Korea Electric Power by 6.2% in the third quarter. Coldstream Capital Management Inc. now owns 12,851 shares of the utilities provider’s stock valued at $168,000 after buying an additional 746 shares during the period. Finally, Stifel Financial Corp lifted its holdings in Korea Electric Power by 2.4% in the fourth quarter. Stifel Financial Corp now owns 71,418 shares of the utilities provider’s stock valued at $1,178,000 after buying an additional 1,661 shares during the period.

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.