Korea Electric Power Co. (NYSE:KEP – Get Rating) was the target of a significant increase in short interest in the month of August. As of August 15th, there was short interest totalling 1,030,000 shares, an increase of 5.8% from the July 31st total of 973,700 shares. Based on an average trading volume of 187,100 shares, the days-to-cover ratio is presently 5.5 days.
Institutional Investors Weigh In On Korea Electric Power
A number of hedge funds have recently made changes to their positions in KEP. BlackRock Inc. raised its holdings in Korea Electric Power by 44.1% in the 1st quarter. BlackRock Inc. now owns 1,500,275 shares of the utilities provider's stock valued at $13,968,000 after buying an additional 459,336 shares during the last quarter. Bank of Montreal Can bought a new position in Korea Electric Power in the 1st quarter valued at approximately $3,736,000. Van ECK Associates Corp raised its holdings in Korea Electric Power by 23.7% in the 1st quarter. Van ECK Associates Corp now owns 206,168 shares of the utilities provider's stock valued at $1,919,000 after buying an additional 39,508 shares during the last quarter. State Street Corp raised its holdings in Korea Electric Power by 4.5% in the 1st quarter. State Street Corp now owns 806,626 shares of the utilities provider's stock valued at $7,510,000 after buying an additional 34,488 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in Korea Electric Power by 3.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 904,359 shares of the utilities provider's stock valued at $8,420,000 after buying an additional 34,012 shares during the last quarter. 1.60% of the stock is currently owned by institutional investors and hedge funds.
Get Korea Electric Power alerts:Analyst Ratings Changes
KEP has been the topic of a number of analyst reports. StockNews.com downgraded shares of Korea Electric Power from a "hold" rating to a "sell" rating in a research note on Monday, August 15th. Morgan Stanley downgraded shares of Korea Electric Power from an "overweight" rating to an "equal weight" rating in a research note on Friday, August 12th.
Korea Electric Power Price Performance
Shares of KEP traded down $0.31 during mid-day trading on Thursday, reaching $7.32. The company had a trading volume of 6,417 shares, compared to its average volume of 187,212. The company's 50 day simple moving average is $8.33 and its 200 day simple moving average is $8.87. Korea Electric Power has a 1-year low of $7.47 and a 1-year high of $10.49. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.46 and a current ratio of 0.68. The company has a market capitalization of $9.40 billion, a price-to-earnings ratio of -1.02 and a beta of 0.71.Korea Electric Power (NYSE:KEP – Get Rating) last posted its quarterly earnings results on Monday, June 13th. The utilities provider reported ($3.85) earnings per share for the quarter. Korea Electric Power had a negative net margin of 17.88% and a negative return on equity of 16.60%. The company had revenue of $13.67 billion during the quarter.
Korea Electric Power Company Profile
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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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