1,092,968 Shares in Korea Electric Power Co. (KEP) Acquired by Lansdowne Partners UK LLP

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Lansdowne Partners UK LLP purchased a new stake in shares of Korea Electric Power Co. (NYSE:KEP) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,092,968 shares of the utilities provider’s stock, valued at approximately $15,673,000. Korea Electric Power makes up approximately 0.1% of Lansdowne Partners UK LLP’s portfolio, making the stock its 26th largest holding. Lansdowne Partners UK LLP owned about 0.09% of Korea Electric Power at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. Guggenheim Capital LLC raised its position in shares of Korea Electric Power by 4.9% during the 1st quarter. Guggenheim Capital LLC now owns 102,816 shares of the utilities provider’s stock valued at $1,582,000 after acquiring an additional 4,842 shares in the last quarter. Wetherby Asset Management Inc. raised its position in shares of Korea Electric Power by 11.9% during the 2nd quarter. Wetherby Asset Management Inc. now owns 46,632 shares of the utilities provider’s stock valued at $668,000 after acquiring an additional 4,955 shares in the last quarter. Signaturefd LLC raised its position in shares of Korea Electric Power by 52.4% during the 1st quarter. Signaturefd LLC now owns 15,919 shares of the utilities provider’s stock valued at $245,000 after acquiring an additional 5,476 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. raised its position in shares of Korea Electric Power by 194.6% during the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 10,021 shares of the utilities provider’s stock valued at $154,000 after acquiring an additional 6,620 shares in the last quarter. Finally, Van ECK Associates Corp raised its position in shares of Korea Electric Power by 9.0% during the 1st quarter. Van ECK Associates Corp now owns 81,161 shares of the utilities provider’s stock valued at $1,249,000 after acquiring an additional 6,683 shares in the last quarter. 4.18% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE KEP opened at $13.48 on Thursday. Korea Electric Power Co. has a 1-year low of $12.80 and a 1-year high of $18.65. The company has a current ratio of 0.80, a quick ratio of 0.56 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $17.49 billion, a price-to-earnings ratio of 14.19, a P/E/G ratio of 2.57 and a beta of 0.43.

Korea Electric Power (NYSE:KEP) last issued its earnings results on Tuesday, June 12th. The utilities provider reported ($0.20) earnings per share for the quarter. Korea Electric Power had a return on equity of 2.24% and a net margin of 3.56%. The company had revenue of $14.61 billion during the quarter. sell-side analysts anticipate that Korea Electric Power Co. will post 1.06 EPS for the current fiscal year.

Separately, ValuEngine lowered Korea Electric Power from a “hold” rating to a “sell” rating in a research report on Saturday, June 2nd. One analyst has rated the stock with a sell rating and seven have assigned a hold rating to the stock. The company has an average rating of “Hold”.

About Korea Electric Power

Korea Electric Power Corporation, an integrated electric utility company, generates, transmits, and distributes electricity in Korea and internationally. The company operates through Transmission and Distribution, Electric Power Generation (Nuclear), Electric Power Generation (Non-nuclear), Plant Maintenance & Engineering Service, and Others segments.

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

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