Korea Electric Power Corporation (KEP) Holdings Trimmed by Pacad Investment Ltd.

Pacad Investment Ltd. cut its holdings in shares of Korea Electric Power Corporation (NYSE:KEP) by 8.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,500 shares of the utilities provider’s stock after selling 800 shares during the period. Pacad Investment Ltd.’s holdings in Korea Electric Power Corporation were worth $153,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of KEP. Wells Fargo & Company MN lifted its holdings in Korea Electric Power Corporation by 11.1% during the first quarter. Wells Fargo & Company MN now owns 464,416 shares of the utilities provider’s stock worth $9,628,000 after acquiring an additional 46,474 shares in the last quarter. Advisors Asset Management Inc. lifted its holdings in Korea Electric Power Corporation by 19.8% during the first quarter. Advisors Asset Management Inc. now owns 31,062 shares of the utilities provider’s stock worth $644,000 after acquiring an additional 5,129 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Korea Electric Power Corporation by 86.1% during the first quarter. Bank of New York Mellon Corp now owns 190,030 shares of the utilities provider’s stock worth $3,940,000 after acquiring an additional 87,933 shares in the last quarter. Comerica Bank lifted its holdings in Korea Electric Power Corporation by 1.2% during the first quarter. Comerica Bank now owns 73,734 shares of the utilities provider’s stock worth $1,476,000 after acquiring an additional 852 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in Korea Electric Power Corporation by 30.0% during the first quarter. Ameriprise Financial Inc. now owns 789,609 shares of the utilities provider’s stock worth $16,367,000 after acquiring an additional 182,132 shares in the last quarter. Hedge funds and other institutional investors own 4.48% of the company’s stock.

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Shares of Korea Electric Power Corporation (NYSE KEP) opened at 18.24 on Friday. The company has a market capitalization of $23.40 billion, a price-to-earnings ratio of 6.11 and a beta of 0.55. The stock has a 50 day moving average price of $19.16 and a 200-day moving average price of $19.25. Korea Electric Power Corporation has a one year low of $17.36 and a one year high of $27.12.

Several research firms have weighed in on KEP. BidaskClub upgraded Korea Electric Power Corporation from a “sell” rating to a “hold” rating in a report on Saturday, August 19th. HSBC Holdings plc upgraded Korea Electric Power Corporation from a “hold” rating to a “buy” rating in a report on Monday, July 31st. Morgan Stanley upgraded Korea Electric Power Corporation from an “equal weight” rating to an “overweight” rating in a report on Monday, July 10th. Finally, Bank of America Corporation upgraded Korea Electric Power Corporation from a “neutral” rating to a “buy” rating in a report on Wednesday, July 5th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Korea Electric Power Corporation has an average rating of “Hold” and an average target price of $25.00.

Korea Electric Power Corporation 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 Corporation (NYSE:KEP)

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