Advisors Asset Management Inc. raised its stake in shares of Korea Electric Power Corporation (NYSE:KEP) by 53.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 47,685 shares of the utilities provider’s stock after buying an additional 16,623 shares during the period. Advisors Asset Management Inc.’s holdings in Korea Electric Power Corporation were worth $857,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Creative Planning raised its stake in Korea Electric Power Corporation by 218.5% in the first quarter. Creative Planning now owns 5,000 shares of the utilities provider’s stock valued at $104,000 after buying an additional 3,430 shares in the last quarter. Oppenheimer Asset Management Inc. purchased a new stake in Korea Electric Power Corporation during the first quarter worth about $120,000. Bessemer Group Inc. raised its stake in Korea Electric Power Corporation by 140.4% in the second quarter. Bessemer Group Inc. now owns 7,991 shares of the utilities provider’s stock worth $144,000 after buying an additional 4,667 shares in the last quarter. Menora Mivtachim Holdings LTD. purchased a new stake in Korea Electric Power Corporation during the first quarter worth about $162,000. Finally, Capital One National Association purchased a new stake in Korea Electric Power Corporation during the second quarter worth about $196,000. 4.48% of the stock is owned by institutional investors and hedge funds.

Shares of Korea Electric Power Corporation (NYSE:KEP) opened at 19.48 on Thursday. Korea Electric Power Corporation has a 12-month low of $17.36 and a 12-month high of $27.12. The company’s 50 day moving average is $19.41 and its 200 day moving average is $19.21. The company has a market capitalization of $24.99 billion, a P/E ratio of 6.52 and a beta of 0.53.

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Several research analysts have weighed in on the stock. BidaskClub upgraded shares of Korea Electric Power Corporation from a “strong sell” rating to a “sell” rating in a research note on Monday, July 24th. HSBC Holdings plc raised shares of Korea Electric Power Corporation from a “hold” rating to a “buy” rating in a research report on Monday, July 31st. Credit Suisse Group downgraded shares of Korea Electric Power Corporation from an “outperform” rating to a “neutral” rating in a research report on Wednesday, May 10th. Morgan Stanley raised shares of Korea Electric Power Corporation from an “equal weight” rating to an “overweight” rating in a research report on Monday, July 10th. Finally, Bank of America Corporation raised shares of Korea Electric Power Corporation from a “neutral” rating to a “buy” rating in a research report on Wednesday, July 5th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $25.00.

About Korea Electric Power Corporation

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.

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

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