Korea Electric Power Corp. (NYSE:KEP) shares reached a new 52-week high on Wednesday . The company traded as high as $28.37 and last traded at $28.30, with a volume of 285,033 shares changing hands. The stock had previously closed at $27.67.

A number of research analysts have weighed in on KEP shares. Zacks Investment Research raised Korea Electric Power Corp. from a “strong sell” rating to a “hold” rating in a report on Friday, May 6th. Goldman Sachs Group Inc. downgraded Korea Electric Power Corp. from a “conviction-buy” rating to a “buy” rating in a report 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, August 4th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $28.00.

The company has a market cap of $34.56 billion and a PE ratio of 2.63. The company has a 50-day moving average of $26.54 and a 200-day moving average of $25.17.

Several hedge funds and institutional investors recently added to or reduced their stakes in the company. 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 during the last quarter. Comerica Bank increased its position 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 valued at $1,426,000 after buying an additional 3,032 shares during the period. Finally, Wells Fargo & Company MN increased its position 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 valued at $7,134,000 after buying an additional 48,098 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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