Gabelli Funds LLC Sells 5,000 Shares of Korea Electric Power Co. (NYSE:KEP)

Gabelli Funds LLC cut its holdings in Korea Electric Power Co. (NYSE:KEP) by 1.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 381,000 shares of the utilities provider’s stock after selling 5,000 shares during the quarter. Gabelli Funds LLC’s holdings in Korea Electric Power were worth $2,621,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of KEP. Wilmington Savings Fund Society FSB purchased a new position in shares of Korea Electric Power in the third quarter worth approximately $35,000. Atlas Capital Advisors Inc. grew its position in shares of Korea Electric Power by 443.7% during the fourth quarter. Atlas Capital Advisors Inc. now owns 6,312 shares of the utilities provider’s stock valued at $43,000 after purchasing an additional 5,151 shares in the last quarter. Wealthstream Advisors Inc. bought a new stake in Korea Electric Power in the 4th quarter worth approximately $71,000. XTX Topco Ltd bought a new stake in Korea Electric Power in the fourth quarter worth $78,000. Finally, Stifel Financial Corp bought a new stake in shares of Korea Electric Power in the 3rd quarter worth about $96,000.

Analyst Ratings Changes

Separately, StockNews.com upgraded Korea Electric Power from a “hold” rating to a “buy” rating in a report on Friday, April 11th.

Korea Electric Power Stock Performance

Shares of Korea Electric Power stock opened at $8.57 on Friday. The company has a market capitalization of $11.00 billion, a PE ratio of 3.97 and a beta of 0.94. Korea Electric Power Co. has a 52 week low of $6.68 and a 52 week high of $9.43. The company has a quick ratio of 0.30, a current ratio of 0.43 and a debt-to-equity ratio of 2.10. The stock’s fifty day moving average is $7.67 and its two-hundred day moving average is $7.63.

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

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.