Korea Electric Power Corporation (NYSE:KEP) Position Increased by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC increased its stake in Korea Electric Power Corporation (NYSE:KEP) by 15.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 60,708 shares of the utilities provider’s stock after purchasing an additional 8,118 shares during the period. Sequoia Financial Advisors LLC’s holdings in Korea Electric Power were worth $450,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in KEP. Raymond James Financial Inc. bought a new stake in shares of Korea Electric Power in the 4th quarter worth $530,000. GAMMA Investing LLC grew its holdings in shares of Korea Electric Power by 439.4% during the first quarter. GAMMA Investing LLC now owns 42,170 shares of the utilities provider’s stock valued at $312,000 after buying an additional 34,352 shares in the last quarter. American Century Companies Inc. grew its stake in Korea Electric Power by 6.4% in the fourth quarter. American Century Companies Inc. now owns 416,155 shares of the utilities provider’s stock valued at $2,863,000 after purchasing an additional 25,018 shares in the last quarter. Two Sigma Investments LP grew its stake in Korea Electric Power by 84.4% in the fourth quarter. Two Sigma Investments LP now owns 30,809 shares of the utilities provider’s stock valued at $212,000 after purchasing an additional 14,100 shares in the last quarter. Finally, Stifel Financial Corp grew its stake in Korea Electric Power by 19.0% in the fourth quarter. Stifel Financial Corp now owns 14,700 shares of the utilities provider’s stock valued at $101,000 after purchasing an additional 2,350 shares in the last quarter.

Korea Electric Power Trading Down 3.9%

Korea Electric Power stock opened at $13.20 on Thursday. The business has a 50 day moving average price of $10.72 and a two-hundred day moving average price of $8.59. The company has a quick ratio of 0.32, a current ratio of 0.47 and a debt-to-equity ratio of 2.09. The stock has a market cap of $16.95 billion, a price-to-earnings ratio of 4.52 and a beta of 0.93. Korea Electric Power Corporation has a 12 month low of $6.68 and a 12 month high of $14.79.

Korea Electric Power (NYSE:KEP) last released its quarterly earnings data on Tuesday, June 17th. The utilities provider reported $1.25 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.35. The company had revenue of $16.67 billion for the quarter, compared to analyst estimates of $17.04 billion. Korea Electric Power had a return on equity of 13.16% and a net margin of 5.53%.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised Korea Electric Power from a “buy” rating to a “strong-buy” rating in a research report on Monday, May 19th.

About Korea Electric Power

Korea Electric Power Corporation, an integrated electric utility company, engages in the generation, transmission, and distribution of electricity in South Korea and internationally. The company operates through Transmission and Distribution, Nuclear Power Generation, Thermal Power Generation, and Others segments.