Thornburg Investment Management Inc. Purchases New Position in Korea Electric Power Co. (KEP)

Thornburg Investment Management Inc. purchased a new stake in shares of Korea Electric Power Co. (NYSE:KEP) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 640,654 shares of the utilities provider’s stock, valued at approximately $13,281,000.

Other large investors also recently modified their holdings of the company. Silchester International Investors LLP boosted its stake in shares of Korea Electric Power by 22.2% in the fourth quarter. Silchester International Investors LLP now owns 24,501,599 shares of the utilities provider’s stock valued at $452,790,000 after buying an additional 4,456,964 shares during the last quarter. Morgan Stanley boosted its stake in shares of Korea Electric Power by 3.1% in the third quarter. Morgan Stanley now owns 2,470,296 shares of the utilities provider’s stock valued at $60,226,000 after buying an additional 74,059 shares during the last quarter. Sei Investments Co. boosted its stake in shares of Korea Electric Power by 192.2% in the first quarter. Sei Investments Co. now owns 1,860,545 shares of the utilities provider’s stock valued at $38,569,000 after buying an additional 1,223,879 shares during the last quarter. Northern Trust Corp boosted its stake in shares of Korea Electric Power by 10.3% in the third quarter. Northern Trust Corp now owns 1,271,177 shares of the utilities provider’s stock valued at $30,991,000 after buying an additional 118,402 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Korea Electric Power by 3.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 912,676 shares of the utilities provider’s stock valued at $16,879,000 after buying an additional 28,604 shares during the last quarter. 4.50% of the stock is owned by institutional investors.

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

Korea Electric Power Co. (NYSE:KEP) remained flat at $19.38 during midday trading on Monday. The company had a trading volume of 574,149 shares. The firm has a market cap of $24.88 billion, a PE ratio of 4.88 and a beta of 0.46. Korea Electric Power Co. has a 12-month low of $17.36 and a 12-month high of $28.37. The stock has a 50 day moving average of $19.89 and a 200-day moving average of $19.38.

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Several equities research analysts have recently weighed in on KEP shares. Citigroup Inc raised Korea Electric Power from a “neutral” rating to a “buy” rating in a research note on Monday, March 20th. Zacks Investment Research raised Korea Electric Power from a “strong sell” rating to a “hold” rating in a research note on Friday, January 20th. HSBC Holdings plc cut Korea Electric Power from a “buy” rating to a “hold” rating in a research note on Tuesday, February 7th. Finally, Credit Suisse Group AG cut Korea Electric Power from an “outperform” rating to a “neutral” rating in a research note on Wednesday, May 10th. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus 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.

5 Day Chart for NYSE:KEP

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