Barometer Capital Management Inc. Buys 54,300 Shares of Korea Electric Power Corporation $KEP

Barometer Capital Management Inc. boosted its stake in shares of Korea Electric Power Corporation (NYSE:KEP) by 313.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 71,600 shares of the utilities provider’s stock after buying an additional 54,300 shares during the quarter. Barometer Capital Management Inc.’s holdings in Korea Electric Power were worth $1,020,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in KEP. Global Trust Asset Management LLC acquired a new stake in shares of Korea Electric Power in the first quarter valued at about $28,000. Rockefeller Capital Management L.P. lifted its stake in shares of 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 acquiring an additional 724 shares during the period. Smartleaf Asset Management LLC lifted its stake in shares of 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 worth $44,000 after acquiring an additional 466 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in Korea Electric Power in the fourth quarter valued at approximately $45,000. Finally, Barclays PLC bought a new stake in Korea Electric Power in the fourth quarter valued at approximately $45,000.

Korea Electric Power Trading Up 3.4%

NYSE KEP opened at $11.71 on Wednesday. The business has a 50 day simple moving average of $12.56 and a 200 day simple moving average of $15.90. Korea Electric Power Corporation has a one year low of $11.25 and a one year high of $23.41. The stock has a market capitalization of $15.03 billion, a P/E ratio of 2.45, a P/E/G ratio of 1.95 and a beta of 0.95. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.43 and a quick ratio of 0.29.

Korea Electric Power (NYSE:KEP) last issued its earnings results on Wednesday, June 17th. The utilities provider reported $1.33 earnings per share for the quarter, topping 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 business had revenue of $16.22 billion during the quarter, compared to the consensus estimate of $17.21 billion. Research analysts expect that Korea Electric Power Corporation will post 2.83 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have issued reports on KEP. Weiss Ratings lowered shares of Korea Electric Power from a “buy (b)” rating to a “hold (c+)” rating in a report on Wednesday, May 27th. Morgan Stanley lowered shares of Korea Electric Power from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, May 19th. Zacks Research cut shares of Korea Electric Power from a “hold” rating to a “strong sell” rating in a research report on Monday, July 13th. Finally, 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. Two investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Korea Electric Power presently has a consensus 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.