Allianz Asset Management GmbH lessened its holdings in Korea Electric Power Co. (NYSE:KEP) by 4.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 349,641 shares of the utilities provider’s stock after selling 15,058 shares during the period. Allianz Asset Management GmbH’s holdings in Korea Electric Power were worth $6,192,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of KEP. Schwab Charles Investment Management Inc. boosted its position in Korea Electric Power by 9.0% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 393,700 shares of the utilities provider’s stock valued at $6,973,000 after purchasing an additional 32,500 shares during the last quarter. Waverton Investment Management Ltd acquired a new stake in Korea Electric Power during the fourth quarter valued at $12,352,000. Fox Run Management L.L.C. acquired a new stake in Korea Electric Power during the fourth quarter valued at $807,000. Hexavest Inc. boosted its position in Korea Electric Power by 87.6% during the fourth quarter. Hexavest Inc. now owns 236,989 shares of the utilities provider’s stock valued at $4,197,000 after purchasing an additional 110,636 shares during the last quarter. Finally, Schroder Investment Management Group boosted its position in Korea Electric Power by 11.8% during the fourth quarter. Schroder Investment Management Group now owns 372,326 shares of the utilities provider’s stock valued at $6,594,000 after purchasing an additional 39,165 shares during the last quarter. 4.88% of the stock is owned by institutional investors and hedge funds.
KEP has been the subject of a number of research reports. HSBC cut Korea Electric Power from a “buy” rating to a “hold” rating in a research report on Tuesday, February 13th. Macquarie cut Korea Electric Power from an “outperform” rating to a “neutral” rating in a research report on Friday, February 2nd. Goldman Sachs raised Korea Electric Power from a “sell” rating to a “neutral” rating in a research report on Friday, February 23rd. Finally, Daiwa Capital Markets cut Korea Electric Power from an “outperform” rating to a “hold” rating in a research report on Wednesday, March 21st. Nine research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Korea Electric Power presently has an average rating of “Hold”.
Shares of NYSE:KEP traded down $0.23 on Friday, reaching $16.02. The company had a trading volume of 810,763 shares, compared to its average volume of 797,177. Korea Electric Power Co. has a twelve month low of $14.12 and a twelve month high of $20.38. The stock has a market capitalization of $20,863.83, a P/E ratio of 7.85, a P/E/G ratio of 1.40 and a beta of 0.49. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.82 and a quick ratio of 0.56.
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Korea Electric Power Company Profile
Korea Electric Power Corporation, an integrated electric utility company, generates, transmits, and distributes electricity in 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, hydro, wind, solar, and biomass sources.
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