Allianz Asset Management GmbH Has $6.11 Million Position in Korea Electric Power Co. (KEP)

Allianz Asset Management GmbH grew its stake in shares of Korea Electric Power Co. (NYSE:KEP) by 5.2% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 364,699 shares of the utilities provider’s stock after acquiring an additional 17,897 shares during the period. Allianz Asset Management GmbH’s holdings in Korea Electric Power were worth $6,112,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. grew its position in shares of Korea Electric Power by 0.3% during the 2nd quarter. PNC Financial Services Group Inc. now owns 10,351 shares of the utilities provider’s stock valued at $185,000 after acquiring an additional 29 shares during the period. Oppenheimer Asset Management Inc. grew its position in shares of Korea Electric Power by 34.7% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 7,818 shares of the utilities provider’s stock valued at $140,000 after acquiring an additional 2,014 shares during the period. Citigroup Inc. grew its position in shares of Korea Electric Power by 29.8% during the 2nd quarter. Citigroup Inc. now owns 9,579 shares of the utilities provider’s stock valued at $172,000 after acquiring an additional 2,201 shares during the period. D.A. Davidson & CO. grew its position in shares of Korea Electric Power by 35.4% during the 2nd quarter. D.A. Davidson & CO. now owns 10,760 shares of the utilities provider’s stock valued at $193,000 after acquiring an additional 2,812 shares during the period. Finally, OLD National Bancorp IN grew its position in shares of Korea Electric Power by 24.0% during the 3rd quarter. OLD National Bancorp IN now owns 15,238 shares of the utilities provider’s stock valued at $255,000 after acquiring an additional 2,946 shares during the period. 4.74% of the stock is owned by hedge funds and other institutional investors.

A number of research firms have recently weighed in on KEP. Goldman Sachs Group downgraded shares of Korea Electric Power from a “neutral” rating to a “sell” rating in a research report on Tuesday, September 26th. Nomura reissued a “neutral” rating on shares of Korea Electric Power in a research report on Monday, September 18th. Instinet downgraded shares of Korea Electric Power from a “buy” rating to a “neutral” rating in a research report on Monday, September 18th. Finally, Morgan Stanley downgraded shares of Korea Electric Power from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, November 8th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold”.

Korea Electric Power Co. (KEP) traded down $0.07 on Thursday, reaching $17.25. 303,698 shares of the company traded hands, compared to its average volume of 264,975. The company has a market cap of $22,310.00, a P/E ratio of 7.99, a PEG ratio of 0.82 and a beta of 0.50. Korea Electric Power Co. has a 52 week low of $16.51 and a 52 week high of $21.59. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.63 and a current ratio of 0.92.

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Korea Electric Power Profile

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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