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, HoldingsChannel.com reports. The fund owned 934,217 shares of the utilities provider’s stock after selling 258,968 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Korea Electric Power were worth $6,427,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Public Employees Retirement System of Ohio acquired a new stake in Korea Electric Power in the 3rd quarter valued at about $855,000. Raymond James Financial Inc. acquired a new stake in shares of Korea Electric Power in the fourth quarter valued at approximately $530,000. Sanctuary Advisors LLC bought a new position in shares of Korea Electric Power during the 4th quarter worth approximately $525,000. Blue Trust Inc. increased its holdings in shares of Korea Electric Power by 98.8% during the 4th quarter. Blue Trust Inc. now owns 99,399 shares of the utilities provider’s stock worth $684,000 after acquiring an additional 49,393 shares during the last quarter. Finally, Generali Investments CEE investicni spolecnost a.s. bought a new stake in Korea Electric Power in the 4th quarter valued at $332,000.

Korea Electric Power Stock Up 0.8 %

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

Korea Electric Power (NYSE:KEP) last posted its earnings results on Tuesday, March 11th. The utilities provider reported $0.57 EPS for the quarter, beating the consensus estimate 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 return on equity of 9.64% and a net margin of 4.03%.

Wall Street Analysts Forecast Growth

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