Cwm LLC Trims Position in Korea Electric Power Corporation $KEP

Cwm LLC reduced its position in Korea Electric Power Corporation (NYSE:KEP) by 7.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,901 shares of the utilities provider’s stock after selling 889 shares during the quarter. Cwm LLC’s holdings in Korea Electric Power were worth $155,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of KEP. American Century Companies Inc. boosted its holdings in Korea Electric Power by 6.5% in the 1st quarter. American Century Companies Inc. now owns 443,061 shares of the utilities provider’s stock valued at $3,283,000 after purchasing an additional 26,906 shares during the period. Ramirez Asset Management Inc. boosted its stake in Korea Electric Power by 4.2% during the first quarter. Ramirez Asset Management Inc. now owns 279,980 shares of the utilities provider’s stock valued at $2,075,000 after buying an additional 11,215 shares during the period. Vanguard Personalized Indexing Management LLC lifted its position in Korea Electric Power by 57.2% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 175,690 shares of the utilities provider’s stock valued at $2,502,000 after purchasing an additional 63,934 shares during the last quarter. Vident Advisory LLC lifted its holdings in shares of Korea Electric Power by 3.8% during the 1st quarter. Vident Advisory LLC now owns 154,574 shares of the utilities provider’s stock worth $1,145,000 after acquiring an additional 5,726 shares during the last quarter. Finally, Cerity Partners LLC lifted its stake in Korea Electric Power by 105.9% during the first quarter. Cerity Partners LLC now owns 145,455 shares of the utilities provider’s stock worth $1,078,000 after purchasing an additional 74,818 shares during the last quarter.

Korea Electric Power Stock Down 6.5%

Shares of Korea Electric Power stock opened at $14.96 on Friday. Korea Electric Power Corporation has a 1 year low of $6.68 and a 1 year high of $16.25. The company has a 50-day moving average of $13.70 and a 200 day moving average of $12.40. The firm has a market cap of $19.20 billion, a price-to-earnings ratio of 4.26 and a beta of 0.95. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.46 and a quick ratio of 0.31.

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, beating analysts’ consensus estimates of $0.60 by $0.03. Korea Electric Power had a net margin of 6.58% and a return on equity of 15.34%. The business had revenue of $15.70 billion during the quarter, compared to the consensus estimate of $19.45 billion.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Wall Street Zen lowered shares of Korea Electric Power from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 16th. Weiss Ratings reiterated a “hold (c)” rating on shares of Korea Electric Power in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Korea Electric Power currently has a consensus rating of “Hold”.

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.