US Bancorp DE lessened its stake in Korea Electric Power Co. (NYSE:KEP – Free Report) by 41.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,729 shares of the utilities provider’s stock after selling 14,676 shares during the quarter. US Bancorp DE’s holdings in Korea Electric Power were worth $144,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. Tower Research Capital LLC TRC acquired a new stake in shares of Korea Electric Power in the 3rd quarter valued at approximately $29,000. CWM LLC boosted its holdings in shares of Korea Electric Power by 41.9% in the 1st quarter. CWM LLC now owns 6,964 shares of the utilities provider’s stock valued at $48,000 after buying an additional 2,056 shares during the last quarter. UBS Group AG boosted its holdings in shares of Korea Electric Power by 22.8% in the 4th quarter. UBS Group AG now owns 10,074 shares of the utilities provider’s stock valued at $87,000 after buying an additional 1,872 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of Korea Electric Power in the 3rd quarter valued at approximately $106,000. Finally, PDS Planning Inc raised its stake in Korea Electric Power by 27.7% in the 1st quarter. PDS Planning Inc now owns 17,802 shares of the utilities provider’s stock valued at $124,000 after acquiring an additional 3,860 shares during the period. Institutional investors and hedge funds own 1.49% of the company’s stock.
Korea Electric Power Price Performance
KEP opened at $6.82 on Thursday. Korea Electric Power Co. has a 1-year low of $5.76 and a 1-year high of $8.85. The stock’s fifty day simple moving average is $7.36 and its 200 day simple moving average is $7.16. The company has a current ratio of 0.61, a quick ratio of 0.38 and a debt-to-equity ratio of 0.29. The stock has a market cap of $8.76 billion, a PE ratio of -0.49 and a beta of 0.77.
Analyst Ratings Changes
Separately, StockNews.com initiated coverage on Korea Electric Power in a research note on Thursday, August 17th. They issued a “hold” rating on the stock.
Korea Electric Power Company Profile
Korea Electric Power Corporation, an integrated electric utility company, engages in the generation, transmission, and distribution of electricity in South Korea and internationally. The company operates through Transmission and Distribution, Nuclear Power Generation, Thermal Power Generation, and Others segments.
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