Korea Electric Power Corporation (NYSE:KEP) Shares Acquired by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. increased its stake in shares of Korea Electric Power Corporation (NYSE:KEP) by 4.3% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 49,141 shares of the utilities provider’s stock after acquiring an additional 2,029 shares during the period. PNC Financial Services Group Inc.’s holdings in Korea Electric Power were worth $364,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. XTX Topco Ltd acquired a new position in Korea Electric Power during the 4th quarter worth approximately $78,000. Vise Technologies Inc. acquired a new position in Korea Electric Power during the 4th quarter worth approximately $89,000. Stifel Financial Corp lifted its position in Korea Electric Power by 19.0% during the 4th quarter. Stifel Financial Corp now owns 14,700 shares of the utilities provider’s stock worth $101,000 after acquiring an additional 2,350 shares in the last quarter. Cetera Investment Advisers lifted its position in Korea Electric Power by 22.7% during the 1st quarter. Cetera Investment Advisers now owns 21,121 shares of the utilities provider’s stock worth $157,000 after acquiring an additional 3,910 shares in the last quarter. Finally, PDS Planning Inc lifted its position in Korea Electric Power by 10.2% during the 1st quarter. PDS Planning Inc now owns 26,817 shares of the utilities provider’s stock worth $199,000 after acquiring an additional 2,473 shares in the last quarter.

Korea Electric Power Stock Performance

Korea Electric Power stock opened at $13.89 on Friday. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.32 and a current ratio of 0.47. Korea Electric Power Corporation has a one year low of $6.68 and a one year high of $15.19. The stock’s 50 day moving average price is $13.06 and its 200 day moving average price is $10.06. The firm has a market capitalization of $17.83 billion, a PE ratio of 4.76 and a beta of 0.95.

Korea Electric Power (NYSE:KEP) last posted its quarterly earnings data on Tuesday, June 17th. The utilities provider reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.35. Korea Electric Power had a return on equity of 13.16% and a net margin of 5.53%. The company had revenue of $16.67 billion for the quarter, compared to the consensus estimate of $17.04 billion.

Analyst Ratings Changes

Separately, Wall Street Zen lowered Korea Electric Power from a “strong-buy” rating to a “buy” rating in a research report on Saturday.

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.