Korea Electric Power Corporation $KEP Shares Sold by Rhumbline Advisers

Rhumbline Advisers reduced its position in shares of Korea Electric Power Corporation (NYSE:KEP) by 35.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 105,224 shares of the utilities provider’s stock after selling 57,984 shares during the period. Rhumbline Advisers’ holdings in Korea Electric Power were worth $1,373,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in KEP. Wealthstream Advisors Inc. boosted its holdings in Korea Electric Power by 6.1% in the third quarter. Wealthstream Advisors Inc. now owns 12,594 shares of the utilities provider’s stock worth $164,000 after purchasing an additional 727 shares during the period. Blue Trust Inc. lifted its position in shares of Korea Electric Power by 4.3% in the 3rd quarter. Blue Trust Inc. now owns 35,484 shares of the utilities provider’s stock worth $463,000 after buying an additional 1,461 shares during the last quarter. CWM LLC boosted its holdings in shares of Korea Electric Power by 13.6% in the 3rd quarter. CWM LLC now owns 12,384 shares of the utilities provider’s stock valued at $162,000 after buying an additional 1,483 shares during the period. Hantz Financial Services Inc. boosted its holdings in shares of Korea Electric Power by 204.3% in the 2nd quarter. Hantz Financial Services Inc. now owns 2,757 shares of the utilities provider’s stock valued at $39,000 after buying an additional 1,851 shares during the period. Finally, Coldstream Capital Management Inc. grew its position in shares of Korea Electric Power by 21.4% during the 2nd quarter. Coldstream Capital Management Inc. now owns 12,105 shares of the utilities provider’s stock valued at $172,000 after buying an additional 2,133 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on KEP. Zacks Research upgraded Korea Electric Power to a “hold” rating in a research report on Wednesday, November 19th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Korea Electric Power in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Korea Electric Power Price Performance

KEP opened at $19.51 on Monday. Korea Electric Power Corporation has a 12 month low of $7.08 and a 12 month 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. The stock’s 50 day moving average price is $19.78 and its 200 day moving average price is $16.63.

Korea Electric Power (NYSE:KEP) last announced 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. The company had revenue of $19.64 billion during the quarter, compared to analyst estimates 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.