Rhumbline Advisers Cuts Stock Position in Korea Electric Power Co. (NYSE:KEP)

Rhumbline Advisers lowered its holdings in Korea Electric Power Co. (NYSE:KEP) by 10.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 213,642 shares of the utilities provider’s stock after selling 25,194 shares during the period. Rhumbline Advisers’ holdings in Korea Electric Power were worth $1,470,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of KEP. Connor Clark & Lunn Investment Management Ltd. boosted its position 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 worth $9,259,000 after purchasing an additional 380,145 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new position in Korea Electric Power in the third quarter worth $855,000. Blue Trust Inc. boosted its position in 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 purchasing an additional 49,393 shares during the last quarter. Cerity Partners LLC boosted its position in Korea Electric Power by 57.7% in the third quarter. Cerity Partners LLC now owns 76,185 shares of the utilities provider’s stock worth $591,000 after purchasing an additional 27,870 shares during the last quarter. Finally, Quantinno Capital Management LP boosted its position in Korea Electric Power by 35.2% in the third quarter. Quantinno Capital Management LP now owns 98,580 shares of the utilities provider’s stock worth $765,000 after purchasing an additional 25,641 shares during the last quarter.

Korea Electric Power Stock Up 1.0 %

Shares of NYSE KEP opened at $7.32 on Wednesday. Korea Electric Power Co. has a one year low of $6.68 and a one year high of $9.55. The company has a debt-to-equity ratio of 2.10, a current ratio of 0.43 and a quick ratio of 0.30. The business’s fifty day moving average price is $7.23 and its 200-day moving average price is $7.70. The stock has a market capitalization of $9.39 billion, a PE ratio of 3.39 and a beta of 1.04.

Analysts Set New Price Targets

Separately, StockNews.com raised Korea Electric Power from a “hold” rating to a “buy” rating in a research report on Saturday, February 1st.

Korea Electric Power Company 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.