Barometer Capital Management Inc. Boosts Stake in Korea Electric Power Corporation $KEP

Barometer Capital Management Inc. grew its position in Korea Electric Power Corporation (NYSE:KEP) by 298.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 67,715 shares of the utilities provider’s stock after acquiring an additional 50,700 shares during the quarter. Barometer Capital Management Inc.’s holdings in Korea Electric Power were worth $884,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of KEP. Smartleaf Asset Management LLC purchased a new stake in Korea Electric Power during the third quarter valued at $29,000. TD Private Client Wealth LLC purchased a new stake in shares of Korea Electric Power during the 3rd quarter valued at about $33,000. Global Retirement Partners LLC bought a new position in shares of Korea Electric Power in the 3rd quarter valued at about $41,000. Osaic Holdings Inc. grew its position in Korea Electric Power by 1,144.4% in the second quarter. Osaic Holdings Inc. now owns 3,447 shares of the utilities provider’s stock worth $49,000 after acquiring an additional 3,170 shares in the last quarter. Finally, TD Waterhouse Canada Inc. grew its position 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 worth $62,000 after acquiring an additional 4,577 shares in the last quarter.

Korea Electric Power Stock Down 1.1%

NYSE:KEP opened at $16.35 on Thursday. Korea Electric Power Corporation has a twelve month low of $7.19 and a twelve month high of $23.41. 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 stock has a fifty day simple moving average of $19.83 and a 200-day simple moving average of $16.80.

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

Analysts Set New Price Targets

KEP has been the subject of several analyst reports. Zacks Research raised Korea Electric Power to a “hold” rating in a research note on Wednesday, November 19th. Weiss Ratings restated a “buy (b-)” rating on shares of Korea Electric Power in a research report on Monday, December 29th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Korea Electric Power has a consensus rating of “Moderate Buy”.

Korea Electric Power Company 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.