Korea Electric Power Corp. (NYSE:KEP) shares fell 2.2% during trading on Thursday . The company traded as low as $27.55 and last traded at $27.70, with a volume of 169,033 shares changing hands. The stock had previously closed at $28.31.

A number of research firms have recently commented on KEP. HSBC lowered shares of Korea Electric Power Corp. from a “buy” rating to a “hold” rating in a research report on Thursday, August 4th. 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. Zacks Investment Research upgraded shares of Korea Electric Power Corp. from a “hold” rating to a “buy” rating and set a $28.00 target price for the company in a research report on Monday, June 20th. Finally, 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. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $28.00.

The stock has a 50-day moving average of $26.54 and a 200 day moving average of $25.17. The company has a market capitalization of $35.63 billion and a P/E ratio of 2.71.

Several large investors have modified their holdings of the stock. Bank of Montreal Can increased 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 last quarter. Comerica Bank increased 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 last quarter. Finally, Wells Fargo & Company MN increased 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 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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