Korea Electric Power Co. (KEP) Position Cut by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. cut its stake in shares of Korea Electric Power Co. (NYSE:KEP) by 83.7% during the fourth quarter, Holdings Channel reports. The firm owned 27,007 shares of the company’s stock after selling 138,852 shares during the period. Envestnet Asset Management Inc.’s holdings in Korea Electric Power were worth $500,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of KEP. Renaissance Technologies LLC purchased a new stake in shares of Korea Electric Power during the fourth quarter valued at about $491,000. Pacad Investment Ltd. purchased a new stake in shares of Korea Electric Power during the fourth quarter valued at about $357,000. Dynamic Technology Lab Private Ltd increased its stake in shares of Korea Electric Power by 11.2% in the fourth quarter. Dynamic Technology Lab Private Ltd now owns 17,402 shares of the company’s stock valued at $322,000 after buying an additional 1,756 shares during the period. Koch Industries Inc. purchased a new stake in shares of Korea Electric Power during the fourth quarter valued at about $205,000. Finally, Trexquant Investment LP increased its stake in shares of Korea Electric Power by 515.3% in the fourth quarter. Trexquant Investment LP now owns 60,300 shares of the company’s stock valued at $1,114,000 after buying an additional 50,500 shares during the period. Institutional investors and hedge funds own 4.50% of the company’s stock.

Institutional Ownership by Quarter for Korea Electric Power (NYSE:KEP)

Shares of Korea Electric Power Co. (NYSE:KEP) opened at 19.77 on Monday. The company has a 50-day moving average of $18.36 and a 200 day moving average of $20.77. The firm has a market capitalization of $25.38 billion, a P/E ratio of 4.16 and a beta of 0.46. Korea Electric Power Co. has a 52 week low of $17.36 and a 52 week high of $28.37.

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Several brokerages recently issued reports on KEP. HSBC Holdings plc downgraded shares of Korea Electric Power from a “buy” rating to a “hold” rating in a research note on Tuesday, February 7th. Zacks Investment Research upgraded shares of Korea Electric Power from a “strong sell” rating to a “hold” rating in a research note on Friday, January 20th. Goldman Sachs Group Inc downgraded shares of Korea Electric Power from a “buy” rating to a “neutral” rating in a research note on Friday, December 2nd. Finally, Bank of America Corp upgraded shares of Korea Electric Power from an “underperform” rating to a “neutral” rating in a research note on Monday, November 21st. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. Korea Electric Power currently has an average rating of “Hold” and an average target price of $25.00.

Korea Electric Power Company Profile

Korea Electric Power Corporation (KEPCO) is an integrated electric utility company engaged in the transmission and distribution of electricity in the Republic of Korea. Its segments include transmission and distribution, nuclear power generation and thermal power generation and all others. The transmission and distribution segment, which is operated by KEPCO, comprise operations related to the transmission, distribution and sale to end-users of electricity purchased from its generation subsidiaries, as well as from independent power producers.

5 Day Chart for NYSE:KEP

Want to see what other hedge funds are holding KEP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Korea Electric Power Co. (NYSE:KEP).

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