Donald Smith & CO. Inc. Reduces Stock Holdings in Korea Electric Power Co. (NYSE:KEP)

Donald Smith & CO. Inc. reduced its position in Korea Electric Power Co. (NYSE:KEP) by 0.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 1,921,766 shares of the utilities provider’s stock after selling 1,555 shares during the quarter. Donald Smith & CO. Inc.’s holdings in Korea Electric Power were worth $13,933,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Drive Wealth Management LLC purchased a new stake in shares of Korea Electric Power during the 4th quarter valued at about $85,000. Campbell & CO Investment Adviser LLC purchased a new stake in shares of Korea Electric Power during the 3rd quarter valued at about $118,000. Orion Portfolio Solutions LLC raised its holdings in shares of Korea Electric Power by 86.6% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 19,788 shares of the utilities provider’s stock valued at $127,000 after buying an additional 9,184 shares during the period. Schechter Investment Advisors LLC purchased a new stake in Korea Electric Power during the 4th quarter worth approximately $179,000. Finally, Advisor Partners II LLC increased its holdings in Korea Electric Power by 36.5% during the 3rd quarter. Advisor Partners II LLC now owns 33,199 shares of the utilities provider’s stock worth $214,000 after purchasing an additional 8,883 shares during the last quarter.

Analyst Ratings Changes

Separately, Citigroup upgraded Korea Electric Power from a “sell” rating to a “buy” rating in a report on Monday, February 26th.

Korea Electric Power Price Performance

KEP stock traded up $0.12 during midday trading on Monday, hitting $7.83. 92,645 shares of the company’s stock were exchanged, compared to its average volume of 108,163. The firm has a 50 day moving average price of $8.45 and a 200-day moving average price of $7.52. The company has a debt-to-equity ratio of 2.49, a current ratio of 0.48 and a quick ratio of 0.34. Korea Electric Power Co. has a 12-month low of $5.93 and a 12-month high of $9.55.

Korea Electric Power (NYSE:KEP) last issued its earnings results on Tuesday, March 12th. The utilities provider reported $0.73 EPS for the quarter. The company had revenue of $17.08 billion during the quarter. Korea Electric Power had a negative return on equity of 13.27% and a negative net margin of 5.65%.

Korea Electric Power 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.