Ramirez Asset Management Inc. Has $1.85 Million Holdings in Korea Electric Power Co. (NYSE:KEP)

Ramirez Asset Management Inc. lowered its stake in Korea Electric Power Co. (NYSE:KEP) by 10.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 268,765 shares of the utilities provider’s stock after selling 32,432 shares during the period. Ramirez Asset Management Inc.’s holdings in Korea Electric Power were worth $1,849,000 as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB acquired a new position in shares of Korea Electric Power in the third quarter valued at about $35,000. Wealthstream Advisors Inc. acquired a new stake in Korea Electric Power during the fourth quarter worth approximately $71,000. Stifel Financial Corp bought a new position in Korea Electric Power during the 3rd quarter worth $96,000. Jane Street Group LLC acquired a new position in Korea Electric Power in the 3rd quarter valued at $140,000. Finally, Townsquare Capital LLC acquired a new stake in shares of Korea Electric Power during the 3rd quarter worth $142,000.

Korea Electric Power Stock Down 0.3 %

Shares of KEP opened at $7.62 on Friday. The firm has a 50 day simple moving average of $7.46 and a two-hundred day simple moving average of $7.65. The company has a market cap of $9.78 billion, a P/E ratio of 3.53 and a beta of 0.99. Korea Electric Power Co. has a one year low of $6.68 and a one year high of $9.43. The company has a debt-to-equity ratio of 2.10, a current ratio of 0.43 and a quick ratio of 0.30.

Korea Electric Power (NYSE:KEP) last issued its quarterly earnings data on Tuesday, March 11th. The utilities provider reported $0.57 EPS for the quarter, beating the consensus estimate of $0.55 by $0.02. Korea Electric Power had a net margin of 4.03% and a return on equity of 9.64%. The business had revenue of $16.82 billion during the quarter, compared to the consensus estimate of $17.04 billion.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Korea Electric Power from a “buy” rating to a “hold” rating in a research report on Wednesday.

About Korea Electric Power

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.