Pinnacle Wealth Planning Services Inc. Has $111,000 Stock Position in Korea Electric Power Co. (NYSE:KEP)

Pinnacle Wealth Planning Services Inc. cut its stake in shares of Korea Electric Power Co. (NYSE:KEP) by 56.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 16,203 shares of the utilities provider’s stock after selling 21,171 shares during the period. Pinnacle Wealth Planning Services Inc.’s holdings in Korea Electric Power were worth $111,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Stifel Financial Corp bought a new stake in Korea Electric Power during the 3rd quarter worth $96,000. State Street Corp boosted its stake in shares of Korea Electric Power by 0.9% during the third quarter. State Street Corp now owns 746,847 shares of the utilities provider’s stock valued at $5,796,000 after purchasing an additional 6,975 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in shares of Korea Electric Power during the fourth quarter worth about $525,000. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Korea Electric Power by 46.8% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,193,185 shares of the utilities provider’s stock valued at $9,259,000 after buying an additional 380,145 shares during the period. Finally, Jane Street Group LLC bought a new position in Korea Electric Power in the 3rd quarter valued at approximately $140,000.

Analysts Set New Price Targets

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

Korea Electric Power Stock Performance

NYSE KEP opened at $7.70 on Friday. The company has a market capitalization of $9.88 billion, a price-to-earnings ratio of 3.56 and a beta of 1.04. The company has a quick ratio of 0.30, a current ratio of 0.43 and a debt-to-equity ratio of 2.10. Korea Electric Power Co. has a twelve month low of $6.68 and a twelve month high of $9.55. The stock has a fifty day simple moving average of $7.27 and a 200 day simple moving average of $7.70.

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.