PNC Financial Services Group Inc. Reduces Position in Korea Electric Power Co. (NYSE:KEP)

PNC Financial Services Group Inc. trimmed its holdings in shares of Korea Electric Power Co. (NYSE:KEP) by 7.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 47,112 shares of the utilities provider’s stock after selling 3,999 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Korea Electric Power were worth $324,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of KEP. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Korea Electric Power by 46.8% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,193,185 shares of the utilities provider’s stock worth $9,259,000 after acquiring an additional 380,145 shares during the last quarter. Eagle Asset Management Inc. grew its stake in Korea Electric Power by 11.9% in the third quarter. Eagle Asset Management Inc. now owns 48,153 shares of the utilities provider’s stock worth $381,000 after purchasing an additional 5,131 shares in the last quarter. Cerity Partners LLC increased its holdings in Korea Electric Power by 57.7% in the third quarter. Cerity Partners LLC now owns 76,185 shares of the utilities provider’s stock valued at $591,000 after buying an additional 27,870 shares during the last quarter. FMR LLC raised its stake in Korea Electric Power by 12.8% during the third quarter. FMR LLC now owns 68,773 shares of the utilities provider’s stock valued at $534,000 after buying an additional 7,787 shares in the last quarter. Finally, Townsquare Capital LLC bought a new position in Korea Electric Power during the 3rd quarter worth approximately $142,000.

Korea Electric Power Stock Down 0.2 %

KEP stock opened at $7.52 on Friday. The firm has a market cap of $9.65 billion, a price-to-earnings ratio of 3.48 and a beta of 0.99. Korea Electric Power Co. has a 1-year low of $6.68 and a 1-year high of $9.43. The firm has a fifty day moving average price of $7.41 and a two-hundred day moving average price of $7.67. The company has a debt-to-equity ratio of 2.10, a current ratio of 0.43 and a quick ratio of 0.30.

Korea Electric Power (NYSE:KEP) last announced its quarterly earnings data on Tuesday, March 11th. The utilities provider reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.02. The business had revenue of $16.82 billion during the quarter, compared to the consensus estimate of $17.04 billion. Korea Electric Power had a net margin of 4.03% and a return on equity of 9.64%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Korea Electric Power from a “buy” rating to a “hold” rating in a report on Monday, March 17th.

Korea Electric Power 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.