Crossmark Global Holdings Inc. boosted its stake in shares of Korea Electric Power Co. (NYSE:KEP – Get Rating) by 49.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,961 shares of the utilities provider's stock after buying an additional 8,281 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in Korea Electric Power were worth $170,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. BlackRock Inc. boosted its stake in shares of Korea Electric Power by 44.1% in the first quarter. BlackRock Inc. now owns 1,500,275 shares of the utilities provider's stock valued at $13,968,000 after purchasing an additional 459,336 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of Korea Electric Power by 3.9% in the first quarter. Goldman Sachs Group Inc. now owns 904,359 shares of the utilities provider's stock valued at $8,420,000 after purchasing an additional 34,012 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Korea Electric Power by 1.6% in the first quarter. Dimensional Fund Advisors LP now owns 894,305 shares of the utilities provider's stock valued at $8,330,000 after purchasing an additional 14,363 shares during the period. State Street Corp boosted its stake in shares of Korea Electric Power by 4.5% in the first quarter. State Street Corp now owns 806,626 shares of the utilities provider's stock valued at $7,510,000 after purchasing an additional 34,488 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its stake in shares of Korea Electric Power by 4.4% in the first quarter. Arrowstreet Capital Limited Partnership now owns 493,879 shares of the utilities provider's stock valued at $4,598,000 after purchasing an additional 20,788 shares during the period. Hedge funds and other institutional investors own 1.45% of the company's stock.
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Korea Electric Power Trading Up 1.0 %
NYSE KEP opened at $8.42 on Wednesday. The firm has a 50 day simple moving average of $7.97 and a 200-day simple moving average of $7.52. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.44 and a current ratio of 0.67. Korea Electric Power Co. has a one year low of $5.76 and a one year high of $10.18. The firm has a market cap of $10.81 billion, a price-to-earnings ratio of -0.66 and a beta of 0.73.
Wall Street Analyst Weigh In
Separately, StockNews.com began coverage on shares of Korea Electric Power in a research note on Wednesday, October 12th. They issued a "sell" rating for the company.
Korea Electric Power Company Profile
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Korea Electric Power Corporation, an integrated electric utility company, generates, transmits, and distributes electricity in South Korea and internationally. The company operates through Transmission and Distribution, Nuclear Power Generation, Thermal Power Generation, and Others segments. It generates power from nuclear, coal, oil, liquefied natural gas, internal combustion, combined-cycle, integrated gasification combined cycle, hydro, wind, solar, fuel cell, biogas, and other sources.
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