According to Zacks, “Korea Electric Power Corporation generates and supplies electric power to its customers, both industrial and residential. The Korean government owns the majority of the company. “
KEP has been the topic of several other research reports. JPMorgan Chase & Co. upgraded shares of Korea Electric Power from a neutral rating to an overweight rating in a report on Tuesday, November 5th. Macquarie cut shares of Korea Electric Power from a neutral rating to an underperform rating in a research note on Tuesday, September 3rd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. Korea Electric Power has a consensus rating of Hold and an average price target of $18.00.
A number of hedge funds and other institutional investors have recently bought and sold shares of KEP. FMR LLC increased its stake in Korea Electric Power by 47.0% in the first quarter. FMR LLC now owns 368,462 shares of the utilities provider’s stock valued at $4,793,000 after acquiring an additional 117,783 shares during the period. Landsberg Bennett & Dubbaneh LLC bought a new stake in Korea Electric Power in the second quarter valued at about $271,000. Quadrant Capital Group LLC increased its stake in Korea Electric Power by 25.7% in the second quarter. Quadrant Capital Group LLC now owns 38,779 shares of the utilities provider’s stock valued at $428,000 after acquiring an additional 7,917 shares during the period. Buckingham Asset Management LLC increased its stake in Korea Electric Power by 70.5% in the second quarter. Buckingham Asset Management LLC now owns 22,333 shares of the utilities provider’s stock valued at $248,000 after acquiring an additional 9,237 shares during the period. Finally, Van ECK Associates Corp increased its stake in Korea Electric Power by 23.6% in the second quarter. Van ECK Associates Corp now owns 95,676 shares of the utilities provider’s stock valued at $1,062,000 after acquiring an additional 18,283 shares during the period. 3.97% of the stock is currently owned by institutional investors and hedge funds.
Korea Electric Power Company 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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