Shares of Korea Electric Power Corp. (NYSE:KEP) reached 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 traded. The stock had previously closed at $27.19.

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

The stock has a 50-day moving average price of $26.03 and a 200-day moving average price of $24.92. The firm has a market capitalization of $35.69 billion and a P/E ratio of 2.84.

A number of hedge funds have modified their holdings of the company. Morgan Stanley raised its stake 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. Bank of Montreal Can raised its stake 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. Wells Fargo & Company MN raised its stake 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, Comerica Bank raised its stake 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.

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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