Korea Electric Power Corporation (KEP) Shares Bought by Causeway Capital Management LLC

Causeway Capital Management LLC boosted its stake in Korea Electric Power Corporation (NYSE:KEP) by 18.7% during the first quarter, Holdings Channel reports. The fund owned 270,100 shares of the utilities provider’s stock after buying an additional 42,600 shares during the period. Causeway Capital Management LLC’s holdings in Korea Electric Power Corporation were worth $5,599,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. O Shaughnessy Asset Management LLC increased its stake in shares of Korea Electric Power Corporation by 1.2% in the first quarter. O Shaughnessy Asset Management LLC now owns 20,953 shares of the utilities provider’s stock valued at $434,000 after buying an additional 242 shares during the last quarter. Fulton Bank N.A. increased its stake in shares of Korea Electric Power Corporation by 3.0% in the first quarter. Fulton Bank N.A. now owns 17,479 shares of the utilities provider’s stock valued at $362,000 after buying an additional 502 shares during the last quarter. Comerica Bank increased its stake in shares of Korea Electric Power Corporation by 1.2% in the first quarter. Comerica Bank now owns 73,734 shares of the utilities provider’s stock valued at $1,476,000 after buying an additional 852 shares during the last quarter. World Asset Management Inc increased its stake in shares of Korea Electric Power Corporation by 1.4% in the first quarter. World Asset Management Inc now owns 79,993 shares of the utilities provider’s stock valued at $1,658,000 after buying an additional 1,117 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd increased its stake in shares of Korea Electric Power Corporation by 11.2% in the fourth quarter. Dynamic Technology Lab Private Ltd now owns 17,402 shares of the utilities provider’s stock valued at $322,000 after buying an additional 1,756 shares during the last quarter. 4.95% of the stock is owned by institutional investors and hedge funds.

Shares of Korea Electric Power Corporation (KEP) traded down 3.16% during mid-day trading on Tuesday, reaching $18.06. 199,944 shares of the company’s stock traded hands. Korea Electric Power Corporation has a 12-month low of $17.36 and a 12-month high of $28.37. The stock has a market capitalization of $23.19 billion, a PE ratio of 4.55 and a beta of 0.60. The company’s 50-day moving average price is $19.18 and its 200-day moving average price is $19.07.

ILLEGAL ACTIVITY WARNING: “Korea Electric Power Corporation (KEP) Shares Bought by Causeway Capital Management LLC” was posted by sleekmoney and is the sole property of of sleekmoney. If you are accessing this report on another website, it was illegally stolen and reposted in violation of US & international copyright and trademark laws. The legal version of this report can be accessed at https://sleekmoney.com/korea-electric-power-corporation-kep-shares-bought-by-causeway-capital-management-llc/1943859.html.

Several analysts have issued reports on the stock. Credit Suisse Group downgraded shares of Korea Electric Power Corporation from an “outperform” rating to a “neutral” rating in a research note on Wednesday, May 10th. BidaskClub downgraded shares of Korea Electric Power Corporation from a “sell” rating to a “strong sell” rating in a research note on Thursday, June 22nd. Finally, Citigroup Inc. raised shares of Korea Electric Power Corporation from a “neutral” rating to a “buy” rating in a research note on Monday, March 20th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $25.00.

Korea Electric Power Corporation 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.

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 Corporation (NYSE:KEP).

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

This story was originally published by sleekmoney (https://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at https://sleekmoney.com/korea-electric-power-corporation-kep-shares-bought-by-causeway-capital-management-llc/1943859.html

Receive News & Ratings for Korea Electric Power Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Korea Electric Power Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

 

Leave a Reply

Your email address will not be published. Required fields are marked *