Korea Electric Power (KEP) to Release Earnings on Monday

Korea Electric Power (NYSE:KEP) is projected to post its results before the market opens on Monday, September 8th. Analysts expect Korea Electric Power to post earnings of $0.6010 per share and revenue of $19.4513 billion for the quarter.

Korea Electric Power (NYSE:KEP) last announced its quarterly earnings results on Tuesday, June 17th. The utilities provider reported $1.25 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.35. Korea Electric Power had a net margin of 5.53% and a return on equity of 13.16%. The firm had revenue of $16.67 billion during the quarter, compared to analyst estimates of $17.04 billion.

Korea Electric Power Stock Performance

Shares of KEP stock opened at $13.42 on Friday. The company has a 50 day moving average price of $13.69 and a 200-day moving average price of $10.71. Korea Electric Power has a 52 week low of $6.68 and a 52 week high of $15.19. The firm has a market capitalization of $17.23 billion, a PE ratio of 4.59 and a beta of 0.94. The company has a quick ratio of 0.32, a current ratio of 0.47 and a debt-to-equity ratio of 2.09.

Institutional Investors Weigh In On Korea Electric Power

A number of institutional investors and hedge funds have recently added to or reduced their stakes in KEP. Jane Street Group LLC bought a new stake in Korea Electric Power during the 2nd quarter valued at about $3,448,000. Bank of America Corp DE lifted its holdings in Korea Electric Power by 133.7% during the 2nd quarter. Bank of America Corp DE now owns 371,494 shares of the utilities provider’s stock valued at $5,290,000 after buying an additional 212,515 shares in the last quarter. Quantinno Capital Management LP lifted its holdings in Korea Electric Power by 90.3% during the 2nd quarter. Quantinno Capital Management LP now owns 259,649 shares of the utilities provider’s stock valued at $3,697,000 after buying an additional 123,220 shares in the last quarter. Diversify Wealth Management LLC bought a new stake in Korea Electric Power during the 2nd quarter valued at about $1,232,000. Finally, Sei Investments Co. lifted its holdings in Korea Electric Power by 122.5% during the 2nd quarter. Sei Investments Co. now owns 142,109 shares of the utilities provider’s stock valued at $2,024,000 after buying an additional 78,238 shares in the last quarter.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered shares of Korea Electric Power from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 16th.

Korea Electric Power Company Profile

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.