Assetmark Inc. Reduces Position in Korea Electric Power Corporation $KEP

Assetmark Inc. cut its position in shares of Korea Electric Power Corporation (NYSE:KEP) by 16.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 293,704 shares of the utilities provider’s stock after selling 57,997 shares during the period. Assetmark Inc.’s holdings in Korea Electric Power were worth $4,846,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. AQR Capital Management LLC boosted its position in Korea Electric Power by 18.5% in the 1st quarter. AQR Capital Management LLC now owns 29,211 shares of the utilities provider’s stock valued at $216,000 after buying an additional 4,556 shares during the period. Creative Planning purchased a new stake in Korea Electric Power in the 2nd quarter valued at about $179,000. Marshall Wace LLP boosted its position in Korea Electric Power by 3.4% in the 2nd quarter. Marshall Wace LLP now owns 191,445 shares of the utilities provider’s stock valued at $2,726,000 after buying an additional 6,336 shares during the period. Sei Investments Co. boosted its position in Korea Electric Power by 122.5% in the 2nd quarter. Sei Investments Co. now owns 142,109 shares of the utilities provider’s stock valued at $2,024,000 after buying an additional 78,238 shares during the period. Finally, Diversify Advisory Services LLC purchased a new stake in Korea Electric Power in the 2nd quarter valued at about $360,000.

Korea Electric Power Trading Up 3.5%

NYSE KEP opened at $15.79 on Friday. The company has a quick ratio of 0.31, a current ratio of 0.46 and a debt-to-equity ratio of 1.70. The firm has a market cap of $20.28 billion, a PE ratio of 3.36, a price-to-earnings-growth ratio of 0.17 and a beta of 1.01. The company has a 50 day moving average price of $17.42 and a 200 day moving average price of $17.13. Korea Electric Power Corporation has a 52 week low of $8.73 and a 52 week high of $23.41.

Korea Electric Power (NYSE:KEP) last posted its quarterly earnings data on Saturday, February 14th. The utilities provider reported ($0.10) EPS for the quarter. The firm had revenue of $13.61 billion for the quarter. Korea Electric Power had a return on equity of 18.76% and a net margin of 8.80%.

Analyst Ratings Changes

Several equities research analysts have issued reports on KEP shares. Zacks Research cut shares of Korea Electric Power from a “hold” rating to a “strong sell” rating in a research report on Tuesday, March 31st. Bank of America cut shares of Korea Electric Power from a “buy” rating to a “neutral” rating in a research report on Tuesday, March 31st. Wall Street Zen cut shares of Korea Electric Power from a “buy” rating to a “hold” rating in a research report on Sunday, March 22nd. Finally, Weiss Ratings raised shares of Korea Electric Power from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 30th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold”.

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.