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 subject of a number of other reports. Nomura downgraded Korea Electric Power from a buy rating to a neutral rating in a research note on Thursday, June 6th. Morgan Stanley set a $61.00 price target on Walgreens Boots Alliance and gave the stock a hold rating in a research note on Tuesday, May 14th. ValuEngine downgraded Zumiez from a hold rating to a sell rating in a research note on Monday, May 13th. Finally, Daiwa Capital Markets downgraded Cognizant Technology Solutions from a buy rating to a hold rating in a research note on Tuesday, May 7th. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the company. Korea Electric Power presently has a consensus rating of Hold and an average price target of $18.00.
A number of hedge funds have recently bought and sold shares of KEP. FMR LLC boosted its holdings in Korea Electric Power by 47.0% in the first quarter. FMR LLC now owns 368,462 shares of the utilities provider’s stock worth $4,793,000 after acquiring an additional 117,783 shares in the last quarter. Signaturefd LLC boosted its holdings in Korea Electric Power by 4.8% in the first quarter. Signaturefd LLC now owns 19,182 shares of the utilities provider’s stock worth $250,000 after acquiring an additional 876 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in Korea Electric Power in the first quarter worth about $2,185,000. Parametric Portfolio Associates LLC boosted its holdings in Korea Electric Power by 10.4% in the first quarter. Parametric Portfolio Associates LLC now owns 1,279,399 shares of the utilities provider’s stock worth $16,645,000 after acquiring an additional 120,052 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Korea Electric Power in the first quarter worth about $369,000. Institutional investors and hedge funds own 3.95% of the company’s stock.
About Korea Electric Power
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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