Korea Electric Power Corp. (NYSE:KEP)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $27.34 and last traded at $26.81, with a volume of 342,412 shares. The stock had previously closed at $26.57.

Several research firms recently issued reports on KEP. Zacks Investment Research raised Korea Electric Power Corp. from a “strong sell” rating to a “hold” rating in a research note on Friday, May 6th. Morgan Stanley lowered Korea Electric Power Corp. from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, June 21st. Finally, Goldman Sachs Group Inc. lowered Korea Electric Power Corp. from a “conviction-buy” rating to a “buy” rating in a research report on Monday, May 16th.

The stock’s 50 day moving average price is $25.83 and its 200-day moving average price is $24.66. The company has a market cap of $34.59 billion and a P/E ratio of 2.77.

A number of institutional investors have modified their holdings of the company. Comerica Bank raised its position in shares of Korea Electric Power Corp. by 4.6% in the fourth quarter. Comerica Bank now owns 69,030 shares of the company’s stock worth $1,426,000 after buying an additional 3,032 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Korea Electric Power Corp. by 0.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 898,411 shares of the company’s stock worth $19,023,000 after buying an additional 4,886 shares during the period. Morgan Stanley raised its position in shares of Korea Electric Power Corp. by 8.5% in the fourth quarter. Morgan Stanley now owns 2,060,785 shares of the company’s stock worth $43,627,000 after buying an additional 161,180 shares during the period. Wells Fargo & Company MN raised its position in shares of Korea Electric Power Corp. by 16.7% in the fourth quarter. Wells Fargo & Company MN now owns 336,974 shares of the company’s stock worth $7,134,000 after buying an additional 48,098 shares during the period. Finally, Bank of Montreal Can raised its position in shares of Korea Electric Power Corp. by 10,332.2% in the fourth quarter. Bank of Montreal Can now owns 62,593 shares of the company’s stock worth $1,325,000 after buying an additional 61,993 shares during the period.

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.

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