Korea Electric Power (NYSE:KEP) Cut to “Hold” at StockNews.com

StockNews.com lowered shares of Korea Electric Power (NYSE:KEPFree Report) from a buy rating to a hold rating in a research report released on Friday morning.

Korea Electric Power Trading Up 1.0 %

Shares of KEP opened at $7.34 on Friday. The company has a debt-to-equity ratio of 2.10, a current ratio of 0.43 and a quick ratio of 0.30. Korea Electric Power has a 1-year low of $6.68 and a 1-year high of $9.55. The business’s 50-day moving average price is $7.53 and its 200 day moving average price is $7.66.

Hedge Funds Weigh In On Korea Electric Power

Several institutional investors and hedge funds have recently bought and sold shares of the business. Connor Clark & Lunn Investment Management Ltd. lifted its stake in Korea Electric Power by 46.8% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,193,185 shares of the utilities provider’s stock valued at $9,259,000 after acquiring an additional 380,145 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of Korea Electric Power during the third quarter worth approximately $855,000. Sei Investments Co. bought a new stake in shares of Korea Electric Power in the second quarter valued at approximately $462,000. Blue Trust Inc. grew its stake in shares of Korea Electric Power by 98.8% in the fourth quarter. Blue Trust Inc. now owns 99,399 shares of the utilities provider’s stock worth $684,000 after acquiring an additional 49,393 shares during the last quarter. Finally, American Century Companies Inc. increased its position in Korea Electric Power by 11.8% during the second quarter. American Century Companies Inc. now owns 339,562 shares of the utilities provider’s stock worth $2,407,000 after acquiring an additional 35,973 shares during the period.

Korea Electric Power Company Profile

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Korea Electric Power Corporation, an integrated electric utility company, engages in the generation, transmission, and distribution of electricity in South Korea and internationally. The company operates through Transmission and Distribution, Nuclear Power Generation, Thermal Power Generation, and Others segments.

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