Donald Smith & CO. Inc. Sells 18,616 Shares of Korea Electric Power Co. (NYSE:KEP)

Donald Smith & CO. Inc. lowered its holdings in Korea Electric Power Co. (NYSE:KEP) by 1.2% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,484,753 shares of the utilities provider’s stock after selling 18,616 shares during the quarter. Donald Smith & CO. Inc.’s holdings in Korea Electric Power were worth $11,522,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the business. Blue Trust Inc. lifted its position in shares of Korea Electric Power by 270.3% during the second quarter. Blue Trust Inc. now owns 16,862 shares of the utilities provider’s stock worth $120,000 after acquiring an additional 12,309 shares in the last quarter. Sequoia Financial Advisors LLC boosted its stake in Korea Electric Power by 10.4% in the 1st quarter. Sequoia Financial Advisors LLC now owns 51,570 shares of the utilities provider’s stock worth $430,000 after purchasing an additional 4,842 shares during the period. BNP Paribas Financial Markets grew its holdings in Korea Electric Power by 10.7% during the 1st quarter. BNP Paribas Financial Markets now owns 30,899 shares of the utilities provider’s stock valued at $257,000 after buying an additional 2,992 shares in the last quarter. PDS Planning Inc increased its position in shares of Korea Electric Power by 11.5% during the first quarter. PDS Planning Inc now owns 23,462 shares of the utilities provider’s stock valued at $195,000 after buying an additional 2,425 shares during the period. Finally, Acadian Asset Management LLC bought a new stake in shares of Korea Electric Power during the first quarter valued at about $38,000.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Korea Electric Power from a “hold” rating to a “buy” rating in a research note on Thursday, September 5th.

Korea Electric Power Price Performance

Shares of Korea Electric Power stock traded up $0.04 during trading on Wednesday, hitting $8.29. The stock had a trading volume of 5,425 shares, compared to its average volume of 107,117. The firm has a market cap of $10.64 billion, a price-to-earnings ratio of 24.32 and a beta of 1.01. Korea Electric Power Co. has a 12 month low of $6.01 and a 12 month high of $9.55. The business’s 50-day moving average is $7.93 and its 200 day moving average is $7.54. The company has a current ratio of 0.37, a quick ratio of 0.24 and a debt-to-equity ratio of 0.30.

Korea Electric Power (NYSE:KEP) last announced its earnings results on Monday, September 9th. The utilities provider reported $0.04 earnings per share for the quarter. The business had revenue of $14.93 billion for the quarter. Korea Electric Power had a return on equity of 6.93% and a net margin of 2.95%.

Korea Electric Power Company Profile

Korea Electric Power Corporation, an integrated electric utility company, engages in the generation, transmission, and distribution of electricity in South Korea and internationally. The company operates through Transmission and Distribution, Nuclear Power Generation, Thermal Power Generation, and Others segments.