Northern Trust Corp Increases Stake in Korea Electric Power Co. (NYSE:KEP)

Northern Trust Corp lifted its stake in shares of Korea Electric Power Co. (NYSE:KEP - Free Report) by 642.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 383,704 shares of the utilities provider's stock after purchasing an additional 332,009 shares during the quarter. Northern Trust Corp's holdings in Korea Electric Power were worth $2,640,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Stifel Financial Corp grew its stake in shares of Korea Electric Power by 19.0% during the 4th quarter. Stifel Financial Corp now owns 14,700 shares of the utilities provider's stock worth $101,000 after purchasing an additional 2,350 shares during the period. First Trust Advisors LP purchased a new stake in shares of Korea Electric Power in the 4th quarter worth about $351,000. Marshall Wace LLP boosted its position in shares of Korea Electric Power by 93.7% in the 4th quarter. Marshall Wace LLP now owns 171,334 shares of the utilities provider's stock worth $1,179,000 after buying an additional 82,902 shares in the last quarter. XTX Topco Ltd purchased a new stake in shares of Korea Electric Power in the 4th quarter worth about $78,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of Korea Electric Power in the 4th quarter worth about $530,000.

Wall Street Analyst Weigh In

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

Korea Electric Power Price Performance

Shares of Korea Electric Power stock traded down $0.29 on Thursday, hitting $10.91. The company's stock had a trading volume of 446,207 shares, compared to its average volume of 175,955. Korea Electric Power Co. has a 52-week low of $6.68 and a 52-week high of $11.43. The company has a quick ratio of 0.30, a current ratio of 0.43 and a debt-to-equity ratio of 2.10. The firm has a fifty day moving average price of $8.96 and a 200-day moving average price of $8.02. The company has a market capitalization of $14.00 billion, a P/E ratio of 5.05 and a beta of 0.76.

Korea Electric Power (NYSE:KEP - Get Free Report) last released its earnings results on Tuesday, March 11th. The utilities provider reported $0.57 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.55 by $0.02. The company had revenue of $16.82 billion for the quarter, compared to analyst estimates of $17.04 billion. Korea Electric Power had a net margin of 4.03% and a return on equity of 9.64%.

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.