Korea Electric Power Co. (NYSE:KEP) Shares Acquired by Two Sigma Investments LP

Two Sigma Investments LP lifted its holdings in shares of Korea Electric Power Co. (NYSE:KEP) by 84.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 30,809 shares of the utilities provider’s stock after acquiring an additional 14,100 shares during the period. Two Sigma Investments LP’s holdings in Korea Electric Power were worth $212,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in KEP. Millennium Management LLC increased its stake in Korea Electric Power by 65.3% in the fourth quarter. Millennium Management LLC now owns 209,626 shares of the utilities provider’s stock valued at $1,442,000 after purchasing an additional 82,775 shares during the last quarter. D. E. Shaw & Co. Inc. grew its position in shares of Korea Electric Power by 45.4% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 63,594 shares of the utilities provider’s stock valued at $438,000 after buying an additional 19,848 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new position in shares of Korea Electric Power in the 4th quarter valued at $271,000. Northern Trust Corp raised its stake in Korea Electric Power by 642.2% during the 4th quarter. Northern Trust Corp now owns 383,704 shares of the utilities provider’s stock worth $2,640,000 after acquiring an additional 332,009 shares in the last quarter. Finally, Stifel Financial Corp lifted its position in Korea Electric Power by 19.0% in the fourth quarter. Stifel Financial Corp now owns 14,700 shares of the utilities provider’s stock valued at $101,000 after acquiring an additional 2,350 shares during the last quarter.

Analysts Set New Price Targets

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

Korea Electric Power Stock Performance

Shares of KEP stock opened at $10.69 on Friday. The stock’s 50-day moving average price is $9.64 and its 200 day moving average price is $8.19. The company has a quick ratio of 0.30, a current ratio of 0.43 and a debt-to-equity ratio of 2.10. The stock has a market capitalization of $13.73 billion, a PE ratio of 4.95 and a beta of 0.85. Korea Electric Power Co. has a 52-week low of $6.68 and a 52-week high of $11.44.

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

Korea Electric Power Profile

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.