Boston Advisors LLC cut its stake in shares of Korea Electric Power Corporation (NYSE:KEP) by 37.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 47,630 shares of the utilities provider’s stock after selling 29,000 shares during the quarter. Boston Advisors LLC’s holdings in Korea Electric Power Corporation were worth $798,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of KEP. Oppenheimer Asset Management Inc. acquired a new stake in Korea Electric Power Corporation in the first quarter valued at $120,000. Bessemer Group Inc. lifted its holdings in Korea Electric Power Corporation by 140.4% in the second quarter. Bessemer Group Inc. now owns 7,991 shares of the utilities provider’s stock valued at $144,000 after acquiring an additional 4,667 shares during the period. Citigroup Inc. lifted its holdings in Korea Electric Power Corporation by 29.8% in the second quarter. Citigroup Inc. now owns 9,579 shares of the utilities provider’s stock valued at $172,000 after acquiring an additional 2,201 shares during the period. Sciencast Management LP acquired a new stake in Korea Electric Power Corporation in the second quarter valued at $181,000. Finally, PNC Financial Services Group Inc. lifted its holdings in Korea Electric Power Corporation by 0.3% in the second quarter. PNC Financial Services Group Inc. now owns 10,351 shares of the utilities provider’s stock valued at $185,000 after acquiring an additional 29 shares during the period. 4.47% of the stock is owned by hedge funds and other institutional investors.

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Shares of Korea Electric Power Corporation (NYSE:KEP) opened at 17.48 on Tuesday. The firm has a market cap of $22.44 billion, a P/E ratio of 5.82 and a beta of 0.48. Korea Electric Power Corporation has a 12-month low of $16.51 and a 12-month high of $21.83. The firm has a 50-day moving average price of $17.38 and a 200-day moving average price of $18.72.

A number of equities research analysts have commented on the company. BidaskClub raised Korea Electric Power Corporation from a “strong sell” rating to a “sell” rating in a report on Monday, July 24th. HSBC Holdings plc raised Korea Electric Power Corporation from a “hold” rating to a “buy” rating in a report on Monday, July 31st. Morgan Stanley raised Korea Electric Power Corporation from an “equal weight” rating to an “overweight” rating in a report on Monday, July 10th. Instinet downgraded Korea Electric Power Corporation from a “buy” rating to a “neutral” rating in a report on Monday, September 18th. Finally, Nomura reissued a “neutral” rating on shares of Korea Electric Power Corporation in a report on Monday, September 18th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company’s stock. Korea Electric Power Corporation has a consensus rating of “Hold”.

Korea Electric Power Corporation 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.

Institutional Ownership by Quarter for Korea Electric Power Corporation (NYSE:KEP)

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