Korea Electric Power Co. (NYSE:KEP) Shares Bought by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC raised its stake in Korea Electric Power Co. (NYSE:KEP) by 15.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 46,728 shares of the utilities provider’s stock after acquiring an additional 6,189 shares during the period. Sequoia Financial Advisors LLC’s holdings in Korea Electric Power were worth $339,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Tower Research Capital LLC TRC bought a new stake in shares of Korea Electric Power during the third quarter valued at approximately $29,000. Qube Research & Technologies Ltd bought a new stake in shares of Korea Electric Power during the third quarter valued at approximately $73,000. Orion Portfolio Solutions LLC bought a new stake in shares of Korea Electric Power during the second quarter valued at approximately $82,000. Drive Wealth Management LLC bought a new stake in shares of Korea Electric Power during the fourth quarter valued at approximately $85,000. Finally, UBS Group AG raised its holdings in shares of Korea Electric Power by 22.8% during the fourth 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.

Analysts Set New Price Targets

Separately, Citigroup raised Korea Electric Power from a “sell” rating to a “buy” rating in a report on Monday, February 26th.

Korea Electric Power Trading Up 3.0 %

Shares of NYSE:KEP opened at $7.40 on Friday. Korea Electric Power Co. has a 12 month low of $5.93 and a 12 month high of $9.55. The stock’s 50 day moving average price is $8.47 and its 200 day moving average price is $7.45. The company has a debt-to-equity ratio of 2.49, a current ratio of 0.48 and a quick ratio of 0.34.

Korea Electric Power (NYSE:KEP) last announced its earnings results on Tuesday, March 12th. The utilities provider reported $0.73 EPS for the quarter. Korea Electric Power had a negative return on equity of 13.27% and a negative net margin of 5.65%. The firm had revenue of $17.08 billion for the quarter.

About Korea Electric Power

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.