Millennium Management LLC Acquires 82,775 Shares of Korea Electric Power Co. (NYSE:KEP)

Millennium Management LLC raised its holdings in shares of Korea Electric Power Co. (NYSE:KEP) by 65.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 209,626 shares of the utilities provider’s stock after acquiring an additional 82,775 shares during the period. Millennium Management LLC’s holdings in Korea Electric Power were worth $1,442,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Arrowstreet Capital Limited Partnership grew its holdings in shares of Korea Electric Power by 90.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 723,844 shares of the utilities provider’s stock valued at $4,980,000 after purchasing an additional 344,126 shares during the last quarter. American Century Companies Inc. grew its stake in shares of Korea Electric Power by 6.4% during the fourth quarter. American Century Companies Inc. now owns 416,155 shares of the utilities provider’s stock valued at $2,863,000 after buying an additional 25,018 shares during the last quarter. Northern Trust Corp grew its stake in shares of Korea Electric Power by 642.2% during the fourth quarter. Northern Trust Corp now owns 383,704 shares of the utilities provider’s stock valued at $2,640,000 after buying an additional 332,009 shares during the last quarter. Marshall Wace LLP grew its stake in shares of Korea Electric Power by 93.7% during the fourth quarter. Marshall Wace LLP now owns 171,334 shares of the utilities provider’s stock valued at $1,179,000 after buying an additional 82,902 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of Korea Electric Power during the fourth quarter valued at about $530,000.

Korea Electric Power Price Performance

KEP opened at $11.06 on Wednesday. The company has a debt-to-equity ratio of 2.10, a current ratio of 0.43 and a quick ratio of 0.30. Korea Electric Power Co. has a 1 year low of $6.68 and a 1 year high of $11.43. The firm has a market cap of $14.19 billion, a price-to-earnings ratio of 5.12 and a beta of 0.76. The stock’s 50 day simple moving average is $9.17 and its 200 day simple moving average is $8.09.

Korea Electric Power (NYSE:KEP) last announced its quarterly earnings results on Tuesday, March 11th. The utilities provider reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.02. The business had revenue of $16.82 billion for the quarter, compared to analyst estimates of $17.04 billion. Korea Electric Power had a net margin of 4.03% and a return on equity of 9.64%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded Korea Electric Power from a “buy” rating to a “strong-buy” rating in a research report on Monday, May 19th.

About Korea Electric Power

Korea Electric Power Corporation, an integrated electric utility company, engages in the generation, transmission, and distribution of electricity in South Korea and internationally. The company operates through Transmission and Distribution, Nuclear Power Generation, Thermal Power Generation, and Others segments.