Korea Electric Power Co. (KEP) Shares Sold by Profund Advisors LLC

Profund Advisors LLC lowered its position in Korea Electric Power Co. (NYSE:KEP) by 12.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 24,518 shares of the utilities provider’s stock after selling 3,608 shares during the quarter. Profund Advisors LLC’s holdings in Korea Electric Power were worth $377,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of the stock. Schwab Charles Investment Management Inc. lifted its stake in shares of 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 worth $6,973,000 after purchasing an additional 32,500 shares in the last quarter. M&T Bank Corp increased its position in shares of Korea Electric Power by 18.4% during the fourth quarter. M&T Bank Corp now owns 41,936 shares of the utilities provider’s stock worth $744,000 after acquiring an additional 6,514 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of Korea Electric Power during the fourth quarter worth about $2,162,000. Schroder Investment Management Group increased its position in shares of 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 worth $6,594,000 after acquiring an additional 39,165 shares during the last quarter. Finally, BlackRock Inc. increased its position in shares of Korea Electric Power by 2.6% during the fourth quarter. BlackRock Inc. now owns 3,731,593 shares of the utilities provider’s stock worth $66,087,000 after acquiring an additional 95,940 shares during the last quarter. Hedge funds and other institutional investors own 4.67% of the company’s stock.

A number of brokerages have recently issued reports on KEP. Goldman Sachs Group raised Korea Electric Power from a “sell” rating to a “neutral” rating in a research report on Friday, February 23rd. ValuEngine lowered Korea Electric Power from a “hold” rating to a “sell” rating in a research report on Saturday, June 2nd. Finally, Daiwa Capital Markets lowered Korea Electric Power from an “outperform” rating to a “hold” rating in a research report on Wednesday, March 21st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company’s stock. Korea Electric Power currently has an average rating of “Hold”.

Korea Electric Power opened at $14.97 on Thursday, Marketbeat Ratings reports. The company has a market cap of $19.39 billion, a PE ratio of 15.76, a P/E/G ratio of 1.30 and a beta of 0.47. Korea Electric Power Co. has a 52 week low of $14.12 and a 52 week high of $20.38. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.80 and a quick ratio of 0.56.

Korea Electric Power 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, Electric Power Generation (Nuclear), Electric Power Generation (Non-nuclear), Plant Maintenance & Engineering Service, and Others segments.

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

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