Morgan Stanley Decreases Stock Holdings in Korea Electric Power Co. (NYSE:KEP)
Morgan Stanley reduced its position in shares of Korea Electric Power Co. (NYSE:KEP) by 0.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 3,739,269 shares of the utilities provider’s stock after selling 15,292 shares during the period. Morgan Stanley’s holdings in Korea Electric Power were worth $45,881,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in KEP. FMR LLC lifted its position in shares of Korea Electric Power by 47.0% during the 1st quarter. FMR LLC now owns 368,462 shares of the utilities provider’s stock worth $4,793,000 after purchasing an additional 117,783 shares during the last quarter. BlackRock Inc. lifted its position in Korea Electric Power by 3.4% in the third quarter. BlackRock Inc. now owns 353,906 shares of the utilities provider’s stock valued at $3,083,000 after acquiring an additional 11,477 shares during the last quarter. State Street Corp lifted its position in Korea Electric Power by 6.3% in the third quarter. State Street Corp now owns 557,985 shares of the utilities provider’s stock valued at $4,860,000 after acquiring an additional 32,895 shares during the last quarter. US Bancorp DE lifted its position in Korea Electric Power by 13.4% in the third quarter. US Bancorp DE now owns 19,557 shares of the utilities provider’s stock valued at $170,000 after acquiring an additional 2,315 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC purchased a new stake in Korea Electric Power in the third quarter valued at $297,000. 3.80% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE:KEP opened at $10.72 on Thursday. The company has a 50-day simple moving average of $10.42 and a 200-day simple moving average of $10.29. Korea Electric Power Co. has a one year low of $7.77 and a one year high of $12.98. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.60 and a current ratio of 0.90. The stock has a market capitalization of $13.76 billion, a price-to-earnings ratio of 214.40, a PEG ratio of 1.70 and a beta of 0.86.
A number of brokerages recently weighed in on KEP. Zacks Investment Research raised shares of Korea Electric Power from a “sell” rating to a “buy” rating and set a $12.00 price target for the company in a research report on Wednesday, February 24th. Bank of America raised shares of Korea Electric Power from a “neutral” rating to a “buy” rating in a research report on Thursday, December 17th.
About Korea Electric Power
Korea Electric Power Corporation, an integrated electric utility company, generates, transmits, and distributes electricity in South Korea and internationally. The company operates through Transmission and Distribution, Electric Power Generation (Nuclear), Electric Power Generation (Non-nuclear), Plant Maintenance & Engineering Service, and Others segments.
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