GAMMA Investing LLC Purchases 3,201 Shares of Korea Electric Power Co. (NYSE:KEP)

GAMMA Investing LLC grew its position in Korea Electric Power Co. (NYSE:KEP) by 137.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,522 shares of the utilities provider’s stock after purchasing an additional 3,201 shares during the quarter. GAMMA Investing LLC’s holdings in Korea Electric Power were worth $46,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Sivia Capital Partners LLC bought a new position in Korea Electric Power in the 4th quarter worth $152,000. Barometer Capital Management Inc. purchased a new stake in shares of Korea Electric Power during the fourth quarter worth about $119,000. Tower Research Capital LLC TRC raised its stake in Korea Electric Power by 442,500.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,426 shares of the utilities provider’s stock valued at $32,000 after purchasing an additional 4,425 shares during the period. Corient Private Wealth LLC boosted its stake in Korea Electric Power by 1.8% in the 4th quarter. Corient Private Wealth LLC now owns 111,679 shares of the utilities provider’s stock worth $810,000 after purchasing an additional 1,954 shares during the period. Finally, Cerity Partners LLC boosted its stake in Korea Electric Power by 29.4% in the 4th quarter. Cerity Partners LLC now owns 62,521 shares of the utilities provider’s stock worth $453,000 after purchasing an additional 14,222 shares during the period.

Analysts Set New Price Targets

Separately, Citigroup upgraded shares of Korea Electric Power from a “sell” rating to a “buy” rating in a research report on Monday, February 26th.

Korea Electric Power Price Performance

Shares of KEP stock opened at $7.06 on Tuesday. The company has a quick ratio of 0.28, a current ratio of 0.42 and a debt-to-equity ratio of 2.32. Korea Electric Power Co. has a 12-month low of $5.93 and a 12-month high of $9.55. The stock’s 50-day moving average price is $7.45 and its 200-day moving average price is $7.75.

Korea Electric Power Profile

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.