Dynamic Technology Lab Private Ltd Makes New $456,000 Investment in Korea Electric Power Corporation $KEP

Dynamic Technology Lab Private Ltd purchased a new position in shares of Korea Electric Power Corporation (NYSE:KEP) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 34,916 shares of the utilities provider’s stock, valued at approximately $456,000.

Several other hedge funds and other institutional investors have also made changes to their positions in KEP. Arrowstreet Capital Limited Partnership grew its holdings in shares of Korea Electric Power by 22.0% in the second quarter. Arrowstreet Capital Limited Partnership now owns 1,201,548 shares of the utilities provider’s stock valued at $17,110,000 after purchasing an additional 216,828 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Korea Electric Power by 2.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 695,116 shares of the utilities provider’s stock worth $9,080,000 after buying an additional 16,787 shares in the last quarter. American Century Companies Inc. boosted its position in Korea Electric Power by 19.8% in the 2nd quarter. American Century Companies Inc. now owns 530,743 shares of the utilities provider’s stock valued at $7,558,000 after buying an additional 87,682 shares during the period. JPMorgan Chase & Co. boosted its position in Korea Electric Power by 47,424.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 375,442 shares of the utilities provider’s stock valued at $4,900,000 after buying an additional 374,652 shares during the period. Finally, Bank of America Corp DE grew its stake in shares of Korea Electric Power by 133.7% in the second quarter. Bank of America Corp DE now owns 371,494 shares of the utilities provider’s stock worth $5,290,000 after acquiring an additional 212,515 shares in the last quarter.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Korea Electric Power in a research report on Monday, December 29th. Zacks Research upgraded Korea Electric Power to a “hold” rating in a report on Wednesday, November 19th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Korea Electric Power Stock Down 1.1%

KEP stock opened at $16.35 on Thursday. The company’s 50 day moving average price is $19.83 and its 200 day moving average price is $16.80. Korea Electric Power Corporation has a fifty-two week low of $7.19 and a fifty-two week high of $23.41. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.33 and a current ratio of 0.48.

Korea Electric Power (NYSE:KEP) last issued its quarterly earnings results on Thursday, December 18th. The utilities provider reported $2.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.08 by $0.03. Korea Electric Power had a net margin of 8.47% and a return on equity of 19.00%. The company had revenue of $19.64 billion during the quarter, compared to the consensus estimate of $16.17 billion.

Korea Electric Power Profile

Korea Electric Power (KEP) is a South Korea–based integrated electric utility engaged in the generation, transmission and distribution of electricity. The company’s activities span power plant operation and maintenance, grid management, fuel procurement and power trading, as well as engineering, procurement and construction (EPC) services for large-scale power projects. Its asset base includes a mix of thermal, nuclear, hydro and renewable generation capacity, and the company supports system planning and reliability functions for the national electricity network.

In addition to core utility operations, KEP provides a range of technical and consulting services tied to power infrastructure, including plant construction, refurbishment and decommissioning support.