Fox Run Management L.L.C. acquired a new stake in shares of Korea Electric Power Co. (NYSE:KEP) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 45,550 shares of the utilities provider’s stock, valued at approximately $807,000.
A number of other hedge funds also recently modified their holdings of the stock. Towle & Co. acquired a new stake in Korea Electric Power in the third quarter worth about $25,158,000. Waverton Investment Management Ltd acquired a new stake in shares of Korea Electric Power during the fourth quarter worth about $12,352,000. Crossmark Global Holdings Inc. acquired a new stake in shares of Korea Electric Power during the third quarter worth about $6,711,000. Donald Smith & CO. Inc. lifted its holdings in shares of Korea Electric Power by 8.2% during the third quarter. Donald Smith & CO. Inc. now owns 4,888,673 shares of the utilities provider’s stock worth $81,934,000 after purchasing an additional 370,751 shares during the period. Finally, Schroder Investment Management Group purchased a new position in Korea Electric Power during the third quarter valued at approximately $5,574,000. 4.81% of the stock is currently owned by institutional investors.
Shares of Korea Electric Power Co. (KEP) traded down $0.07 on Friday, hitting $15.66. The company had a trading volume of 876,355 shares, compared to its average volume of 445,140. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.92 and a quick ratio of 0.63. Korea Electric Power Co. has a 52-week low of $15.36 and a 52-week high of $21.59. The stock has a market capitalization of $20,106.31, a PE ratio of 5.12, a price-to-earnings-growth ratio of 0.73 and a beta of 0.37.
KEP has been the subject of several recent research reports. Morgan Stanley cut Korea Electric Power from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, November 8th. Macquarie cut Korea Electric Power from an “outperform” rating to a “neutral” rating in a research report on Friday, February 2nd. One analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold”.
Korea Electric Power 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.
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