Shares of Korea Electric Power Corp. (NYSE:KEP) hit a new 52-week high during trading on Monday . The company traded as high as $27.47 and last traded at $27.35, with a volume of 206,467 shares changing hands. The stock had previously closed at $27.19.

A number of brokerages have commented on KEP. Zacks Investment Research raised shares of Korea Electric Power Corp. from a “strong sell” rating to a “hold” rating in a report on Friday, May 6th. Morgan Stanley cut shares of Korea Electric Power Corp. from an “overweight” rating to an “equal weight” rating in a report on Tuesday, June 21st. Finally, Goldman Sachs Group Inc. cut shares of Korea Electric Power Corp. from a “conviction-buy” rating to a “buy” rating in a report on Monday, May 16th.

The stock has a market capitalization of $35.14 billion and a price-to-earnings ratio of 2.80. The firm has a 50-day moving average price of $25.93 and a 200-day moving average price of $24.78.

Several institutional investors have recently bought and sold shares of KEP. Bank of Montreal Can raised its position in 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 valued at $1,325,000 after buying an additional 61,993 shares during the period. Comerica Bank raised its position in Korea Electric Power Corp. by 4.6% in the fourth quarter. Comerica Bank now owns 69,030 shares of the company’s stock valued at $1,426,000 after buying an additional 3,032 shares during the period. Wells Fargo & Company MN raised its position in 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 valued at $7,134,000 after buying an additional 48,098 shares during the period. Finally, Morgan Stanley raised its position in Korea Electric Power Corp. by 8.5% in the fourth quarter. Morgan Stanley now owns 2,060,785 shares of the company’s stock valued at $43,627,000 after buying an additional 161,180 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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