Korea Electric Power Co. (KEP) Stake Decreased by Banco de Sabadell S.A

Banco de Sabadell S.A lessened its stake in shares of Korea Electric Power Co. (NYSE:KEP) by 57.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 31,806 shares of the utilities provider’s stock after selling 42,501 shares during the quarter. Banco de Sabadell S.A’s holdings in Korea Electric Power were worth $457,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Cubist Systematic Strategies LLC purchased a new stake in shares of Korea Electric Power during the 2nd quarter worth approximately $205,000. Lansdowne Partners UK LLP purchased a new stake in shares of Korea Electric Power during the 2nd quarter worth approximately $15,673,000. Schwab Charles Investment Management Inc. lifted its position in shares of Korea Electric Power by 6.7% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 469,600 shares of the utilities provider’s stock worth $6,735,000 after buying an additional 29,300 shares during the last quarter. LMR Partners LLP purchased a new stake in shares of Korea Electric Power during the 2nd quarter worth approximately $10,321,000. Finally, Wetherby Asset Management Inc. lifted 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 worth $668,000 after buying an additional 4,955 shares during the last quarter. Institutional investors and hedge funds own 4.23% of the company’s stock.

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

Shares of NYSE:KEP opened at $13.24 on Friday. The company has a market cap of $17.37 billion, a PE ratio of 13.94, a P/E/G ratio of 2.55 and a beta of 0.43. Korea Electric Power Co. has a twelve month low of $12.80 and a twelve month high of $18.34. The company has a quick ratio of 0.56, a current ratio of 0.78 and a debt-to-equity ratio of 0.69.

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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