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. “
Several other brokerages have also recently issued reports on KEP. ValuEngine cut shares of Zumiez from a hold rating to a sell rating in a report on Monday, May 13th. Morgan Stanley set a $61.00 target price on shares of Walgreens Boots Alliance and gave the stock a hold rating in a report on Tuesday, May 14th. Nomura cut shares of Korea Electric Power from a buy rating to a neutral rating in a report on Thursday, June 6th. Finally, Daiwa Capital Markets cut shares of Cognizant Technology Solutions from a buy rating to a hold rating in a report on Tuesday, May 7th. One research analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of $18.00.
Large investors have recently modified their holdings of the business. BNP Paribas Arbitrage SA raised its position in Korea Electric Power by 171.9% in the 1st quarter. BNP Paribas Arbitrage SA now owns 2,825 shares of the utilities provider’s stock worth $37,000 after buying an additional 1,786 shares during the last quarter. Stamos Capital Partners L.P. purchased a new position in Korea Electric Power in the 4th quarter worth about $68,000. Quantamental Technologies LLC raised its position in Korea Electric Power by 129.2% in the 1st quarter. Quantamental Technologies LLC now owns 5,500 shares of the utilities provider’s stock worth $72,000 after buying an additional 3,100 shares during the last quarter. FNY Investment Advisers LLC purchased a new position in Korea Electric Power in the 1st quarter worth about $119,000. Finally, PNC Financial Services Group Inc. raised its position in Korea Electric Power by 16.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 10,089 shares of the utilities provider’s stock worth $150,000 after buying an additional 1,452 shares during the last quarter. 3.95% of the stock is owned by institutional investors and hedge funds.
Korea Electric Power Company 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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