Korea Electric Power Corp. (NYSE:KEP)’s share price was down 2.4% during trading on Thursday . The stock traded as low as $27.17 and last traded at $27.23, with a volume of 156,913 shares trading hands. The stock had previously closed at $27.91.

Several equities analysts have commented on KEP shares. Goldman Sachs Group Inc. lowered shares of Korea Electric Power Corp. from a “conviction-buy” rating to a “buy” rating in a research report on Monday, May 16th. Zacks Investment Research upgraded shares of Korea Electric Power Corp. from a “hold” rating to a “buy” rating and set a $29.00 price objective for the company in a research report on Friday, May 13th. Morgan Stanley lowered shares of Korea Electric Power Corp. from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, June 21st. Finally, HSBC lowered shares of Korea Electric Power Corp. from a “buy” rating to a “hold” rating in a research report on Thursday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $28.00.

The stock has a market capitalization of $35.19 billion and a PE ratio of 2.79. The stock has a 50 day moving average of $26.18 and a 200-day moving average of $24.96.

Several institutional investors have recently bought and sold shares of KEP. Bank of Montreal Can boosted 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 in the last quarter. Comerica Bank boosted 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 in the last quarter. Wells Fargo & Company MN boosted 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 in the last quarter. Finally, Morgan Stanley boosted 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 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.

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