Schwab Charles Investment Management Inc. increased its holdings in Korea Electric Power Co. (NYSE:KEP) by 11.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 440,300 shares of the utilities provider’s stock after purchasing an additional 46,600 shares during the quarter. Schwab Charles Investment Management Inc.’s holdings in Korea Electric Power were worth $6,777,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also bought and sold shares of the company. We Are One Seven LLC purchased a new position in Korea Electric Power in the 4th quarter worth approximately $150,000. Signaturefd LLC purchased a new stake in Korea Electric Power during the 4th quarter valued at $185,000. Wetherby Asset Management Inc. raised its stake in Korea Electric Power by 18.7% during the 1st quarter. Wetherby Asset Management Inc. now owns 41,677 shares of the utilities provider’s stock valued at $641,000 after buying an additional 6,551 shares during the last quarter. M&T Bank Corp raised its stake in Korea Electric Power by 18.4% during the 4th quarter. M&T Bank Corp now owns 41,936 shares of the utilities provider’s stock valued at $744,000 after buying an additional 6,514 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale raised its stake in Korea Electric Power by 103.0% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 70,556 shares of the utilities provider’s stock valued at $1,049,000 after buying an additional 35,794 shares during the last quarter. 4.67% of the stock is currently owned by institutional investors.
KEP has been the subject of a number of research reports. Daiwa Capital Markets lowered shares of Korea Electric Power from an “outperform” rating to a “hold” rating in a research note on Wednesday, March 21st. ValuEngine downgraded shares of Korea Electric Power from a “hold” rating to a “sell” rating in a research report on Saturday, June 2nd. One research analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold”.
KEP stock traded down $0.05 during mid-day trading on Friday, hitting $14.34. The company had a trading volume of 20,828 shares, compared to its average volume of 335,469. The stock has a market cap of $18.89 billion, a P/E ratio of 15.10, a PEG ratio of 1.27 and a beta of 0.47. Korea Electric Power Co. has a 12-month low of $14.12 and a 12-month high of $20.38. The company has a quick ratio of 0.56, a current ratio of 0.80 and a debt-to-equity ratio of 0.66.
Korea Electric Power 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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