Korea Electric Power Corporation (NYSE:KEP) Shares Sold by Rhumbline Advisers

Rhumbline Advisers trimmed its holdings in Korea Electric Power Corporation (NYSE:KEP - Free Report) by 24.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 162,026 shares of the utilities provider's stock after selling 51,616 shares during the quarter. Rhumbline Advisers' holdings in Korea Electric Power were worth $1,201,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of KEP. Arrowstreet Capital Limited Partnership lifted its position in Korea Electric Power by 90.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 723,844 shares of the utilities provider's stock worth $4,980,000 after acquiring an additional 344,126 shares during the period. Northern Trust Corp raised its stake in shares of Korea Electric Power by 642.2% during the fourth quarter. Northern Trust Corp now owns 383,704 shares of the utilities provider's stock worth $2,640,000 after purchasing an additional 332,009 shares during the last quarter. Marshall Wace LLP raised its stake in shares of Korea Electric Power by 93.7% during the fourth quarter. Marshall Wace LLP now owns 171,334 shares of the utilities provider's stock worth $1,179,000 after purchasing an additional 82,902 shares during the last quarter. Millennium Management LLC lifted its holdings in shares of Korea Electric Power by 65.3% during the fourth quarter. Millennium Management LLC now owns 209,626 shares of the utilities provider's stock worth $1,442,000 after purchasing an additional 82,775 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in Korea Electric Power in the 4th quarter valued at $530,000.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised shares of Korea Electric Power from a "buy" rating to a "strong-buy" rating in a research note on Monday, May 19th.

Korea Electric Power Trading Up 1.1%

Shares of Korea Electric Power stock opened at $10.71 on Friday. Korea Electric Power Corporation has a 52-week low of $6.68 and a 52-week high of $11.44. The company's 50-day simple moving average is $9.92 and its 200-day simple moving average is $8.26. The firm has a market cap of $13.74 billion, a price-to-earnings ratio of 5.35 and a beta of 0.85. The company has a quick ratio of 0.30, a current ratio of 0.47 and a debt-to-equity ratio of 2.09.

Korea Electric Power Profile

Korea Electric Power Corporation, an integrated electric utility company, engages in the generation, transmission, and distribution of electricity in South Korea and internationally. The company operates through Transmission and Distribution, Nuclear Power Generation, Thermal Power Generation, and Others segments.

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