Connor Clark & Lunn Investment Management Ltd. lessened its stake in shares of Korea Electric Power Co. (NYSE:KEP - Free Report) by 21.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 934,217 shares of the utilities provider's stock after selling 258,968 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.07% of Korea Electric Power worth $6,427,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of KEP. Wilmington Savings Fund Society FSB purchased a new stake in Korea Electric Power in the third quarter worth $35,000. Wealthstream Advisors Inc. acquired a new stake in Korea Electric Power in the fourth quarter worth about $71,000. Stifel Financial Corp purchased a new position in shares of Korea Electric Power in the third quarter worth about $96,000. Jane Street Group LLC purchased a new position in shares of Korea Electric Power in the third quarter worth about $140,000. Finally, Townsquare Capital LLC purchased a new position in shares of Korea Electric Power in the third quarter worth about $142,000.
Korea Electric Power Price Performance
KEP traded up $0.06 on Wednesday, reaching $7.54. 93,123 shares of the company's stock were exchanged, compared to its average volume of 175,333. The stock has a market cap of $9.67 billion, a PE ratio of 3.49 and a beta of 0.99. Korea Electric Power Co. has a twelve month low of $6.68 and a twelve month high of $9.43. The stock's fifty day moving average price is $7.38 and its 200-day moving average price is $7.67. 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 (NYSE:KEP - Get Free Report) last released its quarterly earnings results on Tuesday, March 11th. The utilities provider reported $0.57 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.55 by $0.02. Korea Electric Power had a net margin of 4.03% and a return on equity of 9.64%. The business had revenue of $16.82 billion for the quarter, compared to the consensus estimate of $17.04 billion.
Wall Street Analyst Weigh In
Separately, StockNews.com cut Korea Electric Power from a "buy" rating to a "hold" rating in a research report on Monday.
Check Out Our Latest Report on Korea Electric Power
Korea Electric Power Profile
(
Free Report)
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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