Forward Management LLC Decreases Position in Korea Electric Power Co. (NYSE:KEP)

Forward Management LLC lowered its position in Korea Electric Power Co. (NYSE:KEP) by 17.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 26,070 shares of the utilities provider’s stock after selling 5,530 shares during the quarter. Forward Management LLC’s holdings in Korea Electric Power were worth $462,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in KEP. Schwab Charles Investment Management Inc. boosted its position in Korea Electric Power by 18.6% during the second quarter. Schwab Charles Investment Management Inc. now owns 327,800 shares of the utilities provider’s stock valued at $5,891,000 after buying an additional 51,400 shares during the period. JPMorgan Chase & Co. boosted its position in Korea Electric Power by 48.9% during the second quarter. JPMorgan Chase & Co. now owns 203,398 shares of the utilities provider’s stock valued at $3,655,000 after buying an additional 66,775 shares during the period. PNC Financial Services Group Inc. boosted its position in Korea Electric Power by 0.3% during the second quarter. PNC Financial Services Group Inc. now owns 10,351 shares of the utilities provider’s stock valued at $185,000 after buying an additional 29 shares during the period. Citigroup Inc. boosted its position in Korea Electric Power by 29.8% during the second quarter. Citigroup Inc. now owns 9,579 shares of the utilities provider’s stock valued at $172,000 after buying an additional 2,201 shares during the period. Finally, Vanguard Group Inc. boosted its position in Korea Electric Power by 2.7% during the second quarter. Vanguard Group Inc. now owns 2,191,436 shares of the utilities provider’s stock valued at $39,380,000 after buying an additional 57,474 shares during the period. 4.81% of the stock is currently owned by hedge funds and other institutional investors.

KEP has been the subject of several analyst reports. Morgan Stanley lowered shares of Korea Electric Power from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, November 8th. Macquarie downgraded shares of Korea Electric Power from an “outperform” rating to a “neutral” rating in a research note on Friday, February 2nd. One analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. Korea Electric Power presently has a consensus rating of “Hold”.

Shares of Korea Electric Power Co. (KEP) traded down $0.07 during trading hours on Monday, hitting $15.59. 208,257 shares of the stock traded hands, compared to its average volume of 416,663. The company has a market capitalization of $20,100.00, a P/E ratio of 7.33, a price-to-earnings-growth ratio of 0.73 and a beta of 0.37. The company has a current ratio of 0.92, a quick ratio of 0.63 and a debt-to-equity ratio of 0.63. Korea Electric Power Co. has a 52-week low of $15.36 and a 52-week high of $21.59.

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About Korea Electric Power

Korea Electric Power Corporation (KEPCO) is an integrated electric utility company engaged in the transmission and distribution of electricity in the Republic of Korea. Its segments include transmission and distribution, nuclear power generation and thermal power generation and all others . The transmission and distribution segment, which is operated by KEPCO, comprise operations related to the transmission, distribution and sale to end-users of electricity.

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

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