Korea Electric Power Co. (KEP) Shares Bought by Hexavest Inc.

Hexavest Inc. increased its stake in shares of Korea Electric Power Co. (NYSE:KEP) by 87.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 236,989 shares of the utilities provider’s stock after buying an additional 110,636 shares during the period. Hexavest Inc.’s holdings in Korea Electric Power were worth $4,197,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in KEP. Oppenheimer Asset Management Inc. boosted its holdings in shares of Korea Electric Power by 34.7% during the 2nd 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. Citigroup Inc. boosted its holdings in shares of Korea Electric Power by 29.8% during the 2nd quarter. Citigroup Inc. now owns 9,579 shares of the utilities provider’s stock worth $172,000 after buying an additional 2,201 shares during the period. Sciencast Management LP acquired a new stake in Korea Electric Power in the 2nd quarter worth about $181,000. PNC Financial Services Group Inc. raised its stake in Korea Electric Power by 0.3% in the 2nd quarter. PNC Financial Services Group Inc. now owns 10,351 shares of the utilities provider’s stock worth $185,000 after purchasing an additional 29 shares in the last quarter. Finally, D.A. Davidson & CO. raised its stake in Korea Electric Power by 35.4% in the 2nd quarter. D.A. Davidson & CO. now owns 10,760 shares of the utilities provider’s stock worth $193,000 after purchasing an additional 2,812 shares in the last quarter. 4.74% of the stock is owned by institutional investors and hedge funds.

Shares of Korea Electric Power Co. (NYSE KEP) opened at $17.16 on Friday. Korea Electric Power Co. has a 12 month low of $16.51 and a 12 month high of $21.59. The company has a quick ratio of 0.63, a current ratio of 0.92 and a debt-to-equity ratio of 0.63. The firm has a market cap of $22,020.00, a PE ratio of 7.91, a price-to-earnings-growth ratio of 0.80 and a beta of 0.50.

Several analysts have weighed in on the stock. Goldman Sachs Group cut shares of Korea Electric Power from a “neutral” rating to a “sell” rating in a research note on Tuesday, September 26th. Nomura reiterated a “neutral” rating on shares of Korea Electric Power in a research note on Monday, September 18th. Instinet cut shares of Korea Electric Power from a “buy” rating to a “neutral” rating in a research note on Monday, September 18th. Finally, Morgan Stanley cut shares of Korea Electric Power from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, November 8th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold”.

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Korea Electric Power Company Profile

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.

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

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