Korea Electric Power Corp. (NYSE:KEP) shares dropped 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 traded. The stock had previously closed at $27.91.

Several brokerages recently weighed in on KEP. Zacks Investment Research upgraded Korea Electric Power Corp. from a “hold” rating to a “buy” rating and set a $28.00 target price on the stock in a research note on Monday, June 20th. Goldman Sachs Group Inc. downgraded Korea Electric Power Corp. from a “conviction-buy” rating to a “buy” rating in a research note on Monday, May 16th. Morgan Stanley downgraded Korea Electric Power Corp. from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, June 21st. Finally, HSBC downgraded Korea Electric Power Corp. from a “buy” rating to a “hold” rating in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $28.00.

The stock has a market cap of $35.26 billion and a price-to-earnings ratio of 2.75. The firm’s 50 day moving average is $26.26 and its 200-day moving average is $24.98.

Several hedge funds and institutional investors have recently added to or reduced their stakes in the company. 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 in the last quarter. 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 in the last quarter. 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 in the last quarter. Finally, 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 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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