Ameriprise Financial Inc. trimmed its position in shares of Korea Electric Power Corporation (NYSE:KEP) by 47.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 417,088 shares of the utilities provider’s stock after selling 372,521 shares during the period. Ameriprise Financial Inc.’s holdings in Korea Electric Power Corporation were worth $7,468,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Baillie Gifford & Co. raised its holdings in shares of Korea Electric Power Corporation by 249.2% during the 2nd quarter. Baillie Gifford & Co. now owns 45,400 shares of the utilities provider’s stock valued at $816,000 after buying an additional 32,400 shares in the last quarter. Silchester International Investors LLP raised its holdings in shares of Korea Electric Power Corporation by 11.8% during the 2nd quarter. Silchester International Investors LLP now owns 28,979,640 shares of the utilities provider’s stock valued at $520,764,000 after buying an additional 3,050,535 shares in the last quarter. Wells Fargo & Company MN raised its holdings in shares of Korea Electric Power Corporation by 4.8% during the 2nd quarter. Wells Fargo & Company MN now owns 486,931 shares of the utilities provider’s stock valued at $8,750,000 after buying an additional 22,515 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Korea Electric Power Corporation by 48.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 203,398 shares of the utilities provider’s stock valued at $3,655,000 after buying an additional 66,775 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. raised its holdings in shares of Korea Electric Power Corporation by 34.7% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 7,818 shares of the utilities provider’s stock valued at $140,000 after buying an additional 2,014 shares in the last quarter. 4.47% of the stock is currently owned by institutional investors.

A number of equities analysts recently weighed in on the company. BidaskClub raised Korea Electric Power Corporation from a “sell” rating to a “hold” rating in a report on Saturday, August 19th. Goldman Sachs Group, Inc. (The) cut Korea Electric Power Corporation from a “neutral” rating to a “sell” rating in a report on Tuesday, September 26th. Nomura reissued a “neutral” rating on shares of Korea Electric Power Corporation in a report on Monday, September 18th. HSBC Holdings plc raised Korea Electric Power Corporation from a “hold” rating to a “buy” rating in a report on Monday, July 31st. Finally, Instinet cut Korea Electric Power Corporation from a “buy” rating to a “neutral” rating in a report on Monday, September 18th. One analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold”.

Korea Electric Power Corporation (NYSE KEP) opened at 17.61 on Wednesday. Korea Electric Power Corporation has a 52-week low of $16.51 and a 52-week high of $23.50. The company’s 50-day moving average price is $17.70 and its 200 day moving average price is $18.91. The company has a market capitalization of $22.61 billion, a price-to-earnings ratio of 5.86 and a beta of 0.47.

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Korea Electric Power Corporation Profile

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.

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Institutional Ownership by Quarter for Korea Electric Power Corporation (NYSE:KEP)

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