Rockefeller Financial Services Inc. Has $14.01 Million Holdings in Korea Electric Power Co. (KEP)
Rockefeller Financial Services Inc. boosted its stake in Korea Electric Power Co. (NYSE:KEP) by 12.2% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 790,931 shares of the utilities provider’s stock after purchasing an additional 86,285 shares during the period. Rockefeller Financial Services Inc.’s holdings in Korea Electric Power were worth $14,007,000 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 KEP. Towle & Co. acquired a new stake in Korea Electric Power in the third quarter worth $25,158,000. Waverton Investment Management Ltd acquired a new stake in Korea Electric Power in the fourth quarter worth $12,352,000. Crossmark Global Holdings Inc. acquired a new stake in Korea Electric Power in the third quarter worth $6,711,000. Donald Smith & CO. Inc. increased its position in Korea Electric Power by 8.2% in the third quarter. Donald Smith & CO. Inc. now owns 4,888,673 shares of the utilities provider’s stock worth $81,934,000 after buying an additional 370,751 shares during the period. Finally, Schroder Investment Management Group acquired a new stake in Korea Electric Power in the third quarter worth $5,574,000. 4.80% of the stock is currently owned by hedge funds and other institutional investors.
KEP has been the topic of several analyst reports. Morgan Stanley lowered Korea Electric Power from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, November 8th. Macquarie lowered Korea Electric Power from an “outperform” rating to a “neutral” rating in a research report on Friday. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Hold”.
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Korea Electric Power Profile
Korea Electric Power Corporation (KEPCO) is an integrated electric utility company engaged in the transmission and distribution of electricity in the Republic of Korea. Its segments include transmission and distribution, nuclear power generation and thermal power generation and all others . The transmission and distribution segment, which is operated by KEPCO, comprise operations related to the transmission, distribution and sale to end-users of electricity.
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