Connor Clark & Lunn Investment Management Ltd. Sells 258,968 Shares of Korea Electric Power Co. (NYSE:KEP)

Connor Clark & Lunn Investment Management Ltd. lowered its position in Korea Electric Power Co. (NYSE:KEP) by 21.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 934,217 shares of the utilities provider’s stock after selling 258,968 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 0.07% of Korea Electric Power worth $6,427,000 as of its most recent SEC filing.

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

Korea Electric Power Stock Up 0.8 %

Shares of Korea Electric Power stock opened at $7.74 on Friday. Korea Electric Power Co. has a 52-week low of $6.68 and a 52-week high of $9.43. The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.30 and a current ratio of 0.43. The business’s 50 day simple moving average is $7.35 and its 200 day simple moving average is $7.69. The firm has a market cap of $9.93 billion, a PE ratio of 3.58 and a beta of 0.99.

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

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Korea Electric Power from a “hold” rating to a “buy” rating in a report on Saturday, February 1st.

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.