JPMorgan Chase & Co. Boosts Holdings in Korea Electric Power Co. (KEP)

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JPMorgan Chase & Co. lifted its stake in Korea Electric Power Co. (NYSE:KEP) by 91.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 386,748 shares of the utilities provider’s stock after buying an additional 184,757 shares during the period. JPMorgan Chase & Co.’s holdings in Korea Electric Power were worth $5,093,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of KEP. Lansdowne Partners UK LLP purchased a new stake in shares of Korea Electric Power in the second quarter worth about $15,673,000. Moody National Bank Trust Division acquired a new position in shares of Korea Electric Power in the third quarter worth about $409,000. Schroder Investment Management Group lifted its stake in shares of Korea Electric Power by 18.1% in the second quarter. Schroder Investment Management Group now owns 195,558 shares of the utilities provider’s stock worth $2,814,000 after acquiring an additional 29,947 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its stake in shares of Korea Electric Power by 6.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 469,600 shares of the utilities provider’s stock worth $6,735,000 after acquiring an additional 29,300 shares in the last quarter. Finally, FNY Investment Advisers LLC acquired a new position in shares of Korea Electric Power in the third quarter worth about $263,000. 4.03% of the stock is owned by institutional investors.

Several analysts have issued reports on KEP shares. Zacks Investment Research upgraded Korea Electric Power from a “sell” rating to a “hold” rating in a research note on Tuesday, October 16th. Daiwa Capital Markets upgraded Korea Electric Power from a “neutral” rating to an “outperform” rating in a research note on Tuesday, November 13th. Finally, Morgan Stanley upgraded Korea Electric Power from an “equal weight” rating to an “overweight” rating in a research note on Thursday, December 6th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold”.

Shares of NYSE KEP opened at $14.37 on Wednesday. Korea Electric Power Co. has a 52-week low of $10.52 and a 52-week high of $18.34. The company has a market cap of $18.40 billion, a price-to-earnings ratio of 15.13 and a beta of 0.54. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.53 and a current ratio of 0.78.

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

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