AdvisorShares Investments LLC Purchases Shares of 77,938 Korea Electric Power Corporation $KEP

AdvisorShares Investments LLC bought a new position in shares of Korea Electric Power Corporation (NYSE:KEP) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 77,938 shares of the utilities provider’s stock, valued at approximately $1,017,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Smartleaf Asset Management LLC purchased a new position in shares of Korea Electric Power in the third quarter worth approximately $29,000. Envestnet Asset Management Inc. boosted its position in Korea Electric Power by 8.9% during the third quarter. Envestnet Asset Management Inc. now owns 206,435 shares of the utilities provider’s stock valued at $2,694,000 after purchasing an additional 16,945 shares during the last quarter. Hantz Financial Services Inc. lifted its holdings in shares of Korea Electric Power by 94.5% during the 3rd quarter. Hantz Financial Services Inc. now owns 5,362 shares of the utilities provider’s stock valued at $70,000 after buying an additional 2,605 shares during the last quarter. TD Waterhouse Canada Inc. lifted its stake in Korea Electric Power by 1,853.0% in the third quarter. TD Waterhouse Canada Inc. now owns 4,824 shares of the utilities provider’s stock valued at $62,000 after acquiring an additional 4,577 shares during the last quarter. Finally, Truist Financial Corp acquired a new stake in shares of Korea Electric Power in the 3rd quarter valued at $155,000.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on KEP shares. Weiss Ratings reissued a “buy (b-)” rating on shares of Korea Electric Power in a research note on Monday, December 29th. Wall Street Zen upgraded shares of Korea Electric Power from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 1st. Finally, Zacks Research upgraded Korea Electric Power to a “hold” rating in a research note on Wednesday, November 19th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Korea Electric Power Trading Up 2.0%

KEP opened at $21.51 on Friday. The company has a current ratio of 0.48, a quick ratio of 0.33 and a debt-to-equity ratio of 1.78. The firm has a 50-day moving average price of $18.41 and a two-hundred day moving average price of $15.81. Korea Electric Power Corporation has a 1-year low of $7.04 and a 1-year high of $23.41. The stock has a market capitalization of $27.62 billion, a PE ratio of 4.72, a PEG ratio of 0.06 and a beta of 0.87.

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

About Korea Electric Power

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.