Ameriprise Financial Inc. Sells 372,521 Shares of Korea Electric Power Corporation (KEP)

Ameriprise Financial Inc. lowered its position in shares of Korea Electric Power Corporation (NYSE:KEP) by 47.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 417,088 shares of the utilities provider’s stock after selling 372,521 shares during the quarter. Ameriprise Financial Inc.’s holdings in Korea Electric Power Corporation were worth $7,468,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Baillie Gifford & Co. increased its stake in Korea Electric Power Corporation by 249.2% during the second quarter. Baillie Gifford & Co. now owns 45,400 shares of the utilities provider’s stock worth $816,000 after acquiring an additional 32,400 shares during the last quarter. Silchester International Investors LLP boosted its position in shares of Korea Electric Power Corporation by 11.8% during the second quarter. Silchester International Investors LLP now owns 28,979,640 shares of the utilities provider’s stock worth $520,764,000 after buying an additional 3,050,535 shares during the period. Wells Fargo & Company MN boosted its position in shares of Korea Electric Power Corporation by 4.8% during the second quarter. Wells Fargo & Company MN now owns 486,931 shares of the utilities provider’s stock worth $8,750,000 after buying an additional 22,515 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Korea Electric Power Corporation by 48.9% during the second quarter. JPMorgan Chase & Co. now owns 203,398 shares of the utilities provider’s stock worth $3,655,000 after buying an additional 66,775 shares during the period. Finally, Oppenheimer Asset Management Inc. boosted its position in shares of Korea Electric Power Corporation by 34.7% during the second quarter. Oppenheimer Asset Management Inc. now owns 7,818 shares of the utilities provider’s stock worth $140,000 after buying an additional 2,014 shares during the period. 4.47% of the stock is owned by institutional investors and hedge funds.



Several research analysts have recently commented on the company. BidaskClub upgraded Korea Electric Power Corporation from a “sell” rating to a “hold” rating in a research report on Saturday, August 19th. Goldman Sachs Group, Inc. (The) lowered Korea Electric Power Corporation from a “neutral” rating to a “sell” rating in a research report on Tuesday, September 26th. Nomura reiterated a “neutral” rating on shares of Korea Electric Power Corporation in a report on Monday, September 18th. HSBC Holdings plc upgraded Korea Electric Power Corporation from a “hold” rating to a “buy” rating in a report on Monday, July 31st. Finally, Instinet lowered Korea Electric Power Corporation from a “buy” rating to a “neutral” rating in a report on Monday, September 18th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Hold”.

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Shares of Korea Electric Power Corporation (NYSE KEP) opened at 17.38 on Friday. The firm has a market capitalization of $22.31 billion, a PE ratio of 5.78 and a beta of 0.47. The firm has a 50-day moving average price of $17.45 and a 200-day moving average price of $18.77. Korea Electric Power Corporation has a 1-year low of $16.51 and a 1-year high of $22.52.

About Korea Electric Power Corporation

Korea Electric Power Corporation (KEPCO) is an integrated electric utility company engaged in the transmission and distribution of electricity in the Republic of Korea. Its segments include transmission and distribution, nuclear power generation and thermal power generation and all others . The transmission and distribution segment, which is operated by KEPCO, comprise operations related to the transmission, distribution and sale to end-users of electricity.

Institutional Ownership by Quarter for Korea Electric Power Corporation (NYSE:KEP)

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