Public Employees Retirement System of Ohio Sells 24,449 Shares of Korea Electric Power Corporation $KEP

Public Employees Retirement System of Ohio reduced its stake in Korea Electric Power Corporation (NYSE:KEP) by 41.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 33,917 shares of the utilities provider’s stock after selling 24,449 shares during the period. Public Employees Retirement System of Ohio’s holdings in Korea Electric Power were worth $483,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in KEP. Cerity Partners LLC grew its stake in shares of Korea Electric Power by 105.9% in the 1st quarter. Cerity Partners LLC now owns 145,455 shares of the utilities provider’s stock valued at $1,078,000 after buying an additional 74,818 shares during the period. Sequoia Financial Advisors LLC boosted its holdings in Korea Electric Power by 15.4% in the first quarter. Sequoia Financial Advisors LLC now owns 60,708 shares of the utilities provider’s stock worth $450,000 after acquiring an additional 8,118 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in Korea Electric Power by 4.3% in the first quarter. PNC Financial Services Group Inc. now owns 49,141 shares of the utilities provider’s stock valued at $364,000 after acquiring an additional 2,029 shares during the period. American Century Companies Inc. increased its holdings in shares of Korea Electric Power by 6.5% during the first quarter. American Century Companies Inc. now owns 443,061 shares of the utilities provider’s stock valued at $3,283,000 after acquiring an additional 26,906 shares in the last quarter. Finally, Cubist Systematic Strategies LLC raised its position in shares of Korea Electric Power by 37.7% during the first quarter. Cubist Systematic Strategies LLC now owns 54,194 shares of the utilities provider’s stock worth $402,000 after purchasing an additional 14,846 shares during the period.

Analyst Upgrades and Downgrades

KEP has been the subject of several research reports. Wall Street Zen downgraded shares of Korea Electric Power from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 16th. Weiss Ratings reiterated a “hold (c)” rating on shares of Korea Electric Power in a report on Saturday, September 27th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, Korea Electric Power presently has a consensus rating of “Hold”.

Korea Electric Power Trading Up 0.3%

Shares of KEP stock opened at $12.79 on Monday. Korea Electric Power Corporation has a 52-week low of $6.68 and a 52-week high of $15.19. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.31 and a current ratio of 0.46. The company has a 50-day simple moving average of $13.58 and a two-hundred day simple moving average of $11.55. The company has a market capitalization of $16.42 billion, a price-to-earnings ratio of 3.64 and a beta of 0.95.

Korea Electric Power (NYSE:KEP) last announced its earnings results on Monday, September 15th. The utilities provider reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.03. The firm had revenue of $15.70 billion for the quarter, compared to the consensus estimate of $19.45 billion. Korea Electric Power had a return on equity of 15.34% and a net margin of 6.58%.

Korea Electric Power Company 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.