Crossmark Global Holdings Inc. acquired a new stake in shares of Korea Electric Power Co. (NYSE:KEP – Get Rating) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 16,680 shares of the utilities provider's stock, valued at approximately $146,000.
A number of other institutional investors have also modified their holdings of the stock. Sequoia Financial Advisors LLC raised its stake in shares of Korea Electric Power by 15.5% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 31,872 shares of the utilities provider's stock valued at $280,000 after buying an additional 4,281 shares during the last quarter. PDS Planning Inc acquired a new stake in shares of Korea Electric Power during the 2nd quarter valued at about $106,000. Bank of America Corp DE grew its position in shares of Korea Electric Power by 7.3% during the 1st quarter. Bank of America Corp DE now owns 66,157 shares of the utilities provider's stock valued at $615,000 after acquiring an additional 4,513 shares during the period. Evergreen Capital Management LLC acquired a new stake in shares of Korea Electric Power during the 1st quarter valued at about $142,000. Finally, Goldman Sachs Group Inc. grew its position in shares of Korea Electric Power by 3.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 904,359 shares of the utilities provider's stock valued at $8,420,000 after acquiring an additional 34,012 shares during the period. Hedge funds and other institutional investors own 1.60% of the company's stock.
Get Korea Electric Power alerts:Analyst Upgrades and Downgrades
A number of research firms have recently commented on KEP. StockNews.com began coverage on Korea Electric Power in a research report on Wednesday, October 12th. They set a "sell" rating on the stock. Morgan Stanley cut Korea Electric Power from an "overweight" rating to an "equal weight" rating in a research report on Friday, August 12th.
Korea Electric Power Stock Performance
KEP stock opened at $5.89 on Monday. The company has a current ratio of 0.70, a quick ratio of 0.44 and a debt-to-equity ratio of 1.47. Korea Electric Power Co. has a 12-month low of $5.84 and a 12-month high of $10.18. The stock has a market cap of $7.56 billion, a price-to-earnings ratio of -0.59 and a beta of 0.76. The business's 50-day moving average is $7.03 and its 200 day moving average is $8.12.
Korea Electric Power (NYSE:KEP – Get Rating) last posted its quarterly earnings data on Thursday, September 15th. The utilities provider reported ($3.01) earnings per share (EPS) for the quarter. Korea Electric Power had a negative return on equity of 24.14% and a negative net margin of 23.78%. The firm had revenue of $12.42 billion during the quarter.
About Korea Electric Power
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Korea Electric Power Corporation, an integrated electric utility company, generates, transmits, and distributes electricity in South Korea and internationally. The company operates through Transmission and Distribution, Nuclear Power Generation, Thermal Power Generation, and Others segments. It generates power from nuclear, coal, oil, liquefied natural gas, internal combustion, combined-cycle, integrated gasification combined cycle, hydro, wind, solar, fuel cell, biogas, and other sources.
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