Korea Electric Power Corp. (KEP) Trading 1.7% Higher
Korea Electric Power Corp. (NYSE:KEP) traded up 1.7% during trading on Tuesday . The stock traded as high as $28.08 and last traded at $27.84, with a volume of 500,365 shares traded. The stock had previously closed at $27.37.
Several research analysts recently issued reports on the company. Zacks Investment Research upgraded Korea Electric Power Corp. from a “strong sell” rating to a “hold” rating in a research report on Friday, May 6th. Morgan Stanley downgraded 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. downgraded Korea Electric Power Corp. from a “conviction-buy” rating to a “buy” rating in a research report on Monday, May 16th.
The company has a market capitalization of $34.94 billion and a PE ratio of 2.77. The stock has a 50-day moving average of $26.11 and a 200 day moving average of $24.94.
Other hedge funds have bought and sold shares of the company. Wells Fargo & Company MN boosted its stake 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 worth $7,134,000 after buying an additional 48,098 shares in the last quarter. Bank of Montreal Can boosted its stake 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 worth $1,325,000 after buying an additional 61,993 shares in the last quarter. Morgan Stanley boosted its stake 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 worth $43,627,000 after buying an additional 161,180 shares in the last quarter. Finally, Comerica Bank boosted its stake in 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 in the last quarter.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.