Wetherby Asset Management Inc. Increases Stake in Korea Electric Power Co. (KEP)

Wetherby Asset Management Inc. raised its stake in Korea Electric Power Co. (NYSE:KEP) by 5.8% during the second quarter, Holdings Channel reports. The firm owned 37,132 shares of the utilities provider’s stock after buying an additional 2,040 shares during the period. Wetherby Asset Management Inc.’s holdings in Korea Electric Power were worth $667,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its stake in Korea Electric Power by 3.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 912,676 shares of the utilities provider’s stock valued at $16,879,000 after buying an additional 28,604 shares during the period. Menora Mivtachim Holdings LTD. acquired a new stake in Korea Electric Power during the first quarter valued at $162,000. PNC Financial Services Group Inc. raised its stake in Korea Electric Power by 21.5% in the first quarter. PNC Financial Services Group Inc. now owns 10,322 shares of the utilities provider’s stock valued at $215,000 after buying an additional 1,825 shares during the period. Fox Run Management L.L.C. acquired a new stake in Korea Electric Power during the first quarter valued at $404,000. Finally, Capital One National Association acquired a new stake in Korea Electric Power during the second quarter valued at $196,000. Hedge funds and other institutional investors own 4.87% of the company’s stock.

Shares of Korea Electric Power Co. (KEP) opened at 19.18 on Friday. Korea Electric Power Co. has a 1-year low of $17.36 and a 1-year high of $27.12. The firm has a market cap of $24.63 billion, a price-to-earnings ratio of 6.31 and a beta of 0.53. The company’s 50-day moving average is $19.12 and its 200 day moving average is $19.13.

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Several equities research analysts recently weighed in on KEP shares. Morgan Stanley upgraded shares of Korea Electric Power from an “equal weight” rating to an “overweight” rating in a research note on Monday, July 10th. BidaskClub lowered shares of Korea Electric Power from a “sell” rating to a “strong sell” rating in a research note on Thursday, June 22nd. HSBC Holdings plc upgraded shares of Korea Electric Power from a “hold” rating to a “buy” rating in a research note on Monday, July 31st. Credit Suisse Group lowered shares of Korea Electric Power from an “outperform” rating to a “neutral” rating in a research note on Wednesday, May 10th. Finally, Bank of America Corporation upgraded shares of Korea Electric Power from a “neutral” rating to a “buy” rating in a research note on Wednesday, July 5th. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $25.00.

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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