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. “
A number of other equities research analysts also recently commented on KEP. Nomura downgraded Korea Electric Power from a buy rating to a neutral rating in a research report on Thursday, June 6th. Macquarie downgraded Korea Electric Power from a neutral rating to an underperform rating in a research report on Tuesday, September 3rd. One research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. Korea Electric Power has a consensus rating of Hold and a consensus price target of $18.00.
A number of hedge funds have recently bought and sold shares of KEP. Russell Investments Group Ltd. purchased a new stake in Korea Electric Power during the second quarter valued at about $11,740,000. Morgan Stanley grew its position in Korea Electric Power by 12.4% during the second quarter. Morgan Stanley now owns 3,515,778 shares of the utilities provider’s stock valued at $39,025,000 after acquiring an additional 388,353 shares during the period. Northern Trust Corp grew its position in Korea Electric Power by 21.3% during the second quarter. Northern Trust Corp now owns 1,313,043 shares of the utilities provider’s stock valued at $14,575,000 after acquiring an additional 230,698 shares during the period. JPMorgan Chase & Co. grew its position in Korea Electric Power by 26.4% during the first quarter. JPMorgan Chase & Co. now owns 985,524 shares of the utilities provider’s stock valued at $12,821,000 after acquiring an additional 205,756 shares during the period. Finally, Acadian Asset Management LLC purchased a new stake in Korea Electric Power during the first quarter valued at about $2,185,000. 3.97% of the stock is owned by hedge funds and other institutional investors.
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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