Rhumbline Advisers Reduces Position in Korea Electric Power Corporation (NYSE:KEP)

Rhumbline Advisers decreased its stake in shares of Korea Electric Power Corporation (NYSE:KEP - Free Report) by 24.2% during the 1st quarter, according to the company in 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 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of KEP. Sanctuary Advisors LLC purchased a new position in shares of Korea Electric Power in the 4th quarter valued at about $525,000. Raymond James Financial Inc. purchased a new position in shares of Korea Electric Power in the 4th quarter valued at about $530,000. GAMMA Investing LLC increased its holdings in shares of Korea Electric Power by 439.4% in the 1st quarter. GAMMA Investing LLC now owns 42,170 shares of the utilities provider's stock valued at $312,000 after acquiring an additional 34,352 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of Korea Electric Power by 6.4% in the 4th quarter. American Century Companies Inc. now owns 416,155 shares of the utilities provider's stock valued at $2,863,000 after acquiring an additional 25,018 shares during the last quarter. Finally, Two Sigma Investments LP increased its holdings in shares of Korea Electric Power by 84.4% in the 4th quarter. Two Sigma Investments LP now owns 30,809 shares of the utilities provider's stock valued at $212,000 after acquiring an additional 14,100 shares during the last quarter.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded Korea Electric Power from a "buy" rating to a "strong-buy" rating in a report on Monday, May 19th.

Korea Electric Power Stock Performance

NYSE:KEP traded down $0.37 during mid-day trading on Monday, reaching $10.36. 931,193 shares of the stock were exchanged, compared to its average volume of 205,994. The company has a 50 day simple moving average of $9.97 and a 200-day simple moving average of $8.28. The stock has a market capitalization of $13.30 billion, a P/E ratio of 5.18 and a beta of 0.85. The company has a quick ratio of 0.32, a current ratio of 0.47 and a debt-to-equity ratio of 2.09. Korea Electric Power Corporation has a 1 year low of $6.68 and a 1 year high of $11.44.

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.