Bank of New York Mellon Corp purchased a new stake in Korea Electric Power Co. (NYSE:KEP) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 122,065 shares of the utilities provider’s stock, valued at approximately $2,162,000.

Several other hedge funds also recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its position in shares of Korea Electric Power by 2.7% in the third quarter. Dimensional Fund Advisors LP now owns 1,073,042 shares of the utilities provider’s stock valued at $17,982,000 after purchasing an additional 28,676 shares in the last quarter. Rockefeller Financial Services Inc. grew its position in shares of Korea Electric Power by 12.2% in the fourth quarter. Rockefeller Financial Services Inc. now owns 790,931 shares of the utilities provider’s stock valued at $14,007,000 after purchasing an additional 86,285 shares in the last quarter. Waverton Investment Management Ltd purchased a new position in Korea Electric Power in the fourth quarter worth approximately $12,352,000. Wells Fargo & Company MN grew its position in Korea Electric Power by 7.1% in the third quarter. Wells Fargo & Company MN now owns 521,500 shares of the utilities provider’s stock worth $8,741,000 after acquiring an additional 34,569 shares during the period. Finally, Crossmark Global Holdings Inc. grew its position in Korea Electric Power by 1.6% in the fourth quarter. Crossmark Global Holdings Inc. now owns 406,902 shares of the utilities provider’s stock worth $7,206,000 after acquiring an additional 6,483 shares during the period. Institutional investors and hedge funds own 4.88% of the company’s stock.

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Several research analysts recently weighed in on KEP shares. Goldman Sachs upgraded Korea Electric Power from a “sell” rating to a “neutral” rating in a research report on Friday, February 23rd. Daiwa Capital Markets lowered Korea Electric Power from an “outperform” rating to a “hold” rating in a research report on Wednesday, March 21st. Macquarie lowered Korea Electric Power from an “outperform” rating to a “neutral” rating in a research report on Friday, February 2nd. Finally, HSBC lowered Korea Electric Power from a “buy” rating to a “hold” rating in a research report on Tuesday, February 13th. Nine research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold”.

Shares of Korea Electric Power stock opened at $15.77 on Tuesday. The company has a market capitalization of $20,696.92, a P/E ratio of 8.48, a price-to-earnings-growth ratio of 1.39 and a beta of 0.48. Korea Electric Power Co. has a fifty-two week low of $14.12 and a fifty-two week high of $20.38. The company has a quick ratio of 0.56, a current ratio of 0.82 and a debt-to-equity ratio of 0.63.

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Korea Electric Power Profile

Korea Electric Power Corporation, an integrated electric utility company, generates, transmits, and distributes electricity in Korea and internationally. The company operates through Transmission and Distribution, Nuclear Power Generation, Thermal Power Generation, and Others segments. It generates power from nuclear, coal, oil, liquefied natural gas, internal combustion, hydro, wind, solar, and biomass sources.

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

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