Today: Today, Forward Management LLC Invests $558,000 in Korea Electric Power Corp. (KEP)

Today, Forward Management LLC Invests $558,000 in Korea Electric Power Corp. (KEP)

Forward Management LLC acquired a new stake in shares of Korea Electric Power Corp. (NYSE:KEP) during the third quarter, Holdings Channel reports. The firm acquired 22,900 shares of the company’s stock, valued at approximately $558,000.

A number of other hedge funds also recently modified their holdings of the stock. Creative Planning raised its stake in shares of Korea Electric Power Corp. by 4,723.5% in the second quarter. Creative Planning now owns 3,907 shares of the company’s stock valued at $101,000 after buying an additional 3,826 shares during the period. Advisor Group Inc. acquired a new stake in shares of Korea Electric Power Corp. during the second quarter worth about $120,000. Societe Generale acquired a new stake in shares of Korea Electric Power Corp. during the second quarter worth about $154,000. SG Americas Securities LLC acquired a new stake in shares of Korea Electric Power Corp. during the second quarter worth about $154,000. Finally, Signaturefd LLC acquired a new stake in shares of Korea Electric Power Corp. during the second quarter worth about $175,000. Hedge funds and other institutional investors own 4.63% of the company’s stock.

Shares of Korea Electric Power Corp. (NYSE:KEP) traded up 1.00% during trading on Friday, hitting $20.26. The stock had a trading volume of 305,005 shares. Korea Electric Power Corp. has a one year low of $19.52 and a one year high of $28.37. The stock’s 50-day moving average price is $21.69 and its 200-day moving average price is $24.97. The company has a market cap of $26.01 billion, a P/E ratio of 2.29 and a beta of 0.59.

A number of analysts have issued reports on the stock. HSBC lowered shares of Korea Electric Power Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, August 4th. Bank of America Corp. upgraded shares of Korea Electric Power Corp. from an “underperform” rating to a “neutral” rating in a research note on Monday. Citigroup Inc. lowered shares of Korea Electric Power Corp. from a “neutral” rating to a “sell” rating in a research note on Thursday, November 3rd. Finally, Zacks Investment Research lowered shares of Korea Electric Power Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, October 26th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. Korea Electric Power Corp. currently has an average rating of “Hold” and an average target price of $25.00.

About Korea Electric Power Corp.

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 purchased from its generation subsidiaries, as well as from independent power producers.

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