Korea Electric Power (NYSE:KEP) Shares Gap Down to $8.38

Korea Electric Power Co. (NYSE:KEP) shares gapped down before the market opened on Friday . The stock had previously closed at $8.38, but opened at $8.19. Korea Electric Power shares last traded at $8.17, with a volume of 32,016 shares.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Korea Electric Power from a “buy” rating to a “hold” rating in a research report on Saturday, August 24th.

Korea Electric Power Trading Down 2.7 %

The company has a 50 day simple moving average of $7.31 and a 200 day simple moving average of $7.76. The stock has a market capitalization of $10.46 billion, a PE ratio of 24.65 and a beta of 1.02. The company has a current ratio of 0.42, a quick ratio of 0.28 and a debt-to-equity ratio of 2.32.

Korea Electric Power (NYSE:KEP) last posted its quarterly earnings data on Thursday, June 13th. The utilities provider reported $0.33 earnings per share for the quarter. The firm had revenue of $17.52 billion for the quarter. Korea Electric Power had a net margin of 0.64% and a return on equity of 1.50%.

Institutional Trading of Korea Electric Power

Several hedge funds have recently modified their holdings of the business. CWM LLC increased its stake in Korea Electric Power by 13.5% in the 2nd quarter. CWM LLC now owns 11,824 shares of the utilities provider’s stock valued at $84,000 after purchasing an additional 1,404 shares in the last quarter. Corient Private Wealth LLC raised its stake in shares of Korea Electric Power by 1.8% during the 4th quarter. Corient Private Wealth LLC now owns 111,679 shares of the utilities provider’s stock worth $810,000 after buying an additional 1,954 shares during the last quarter. Sivia Capital Partners LLC boosted its position in shares of Korea Electric Power by 9.3% in the 2nd quarter. Sivia Capital Partners LLC now owns 23,310 shares of the utilities provider’s stock worth $165,000 after buying an additional 1,982 shares in the last quarter. O Shaughnessy Asset Management LLC grew its stake in Korea Electric Power by 17.7% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 15,732 shares of the utilities provider’s stock valued at $131,000 after acquiring an additional 2,370 shares during the last quarter. Finally, PDS Planning Inc increased its holdings in Korea Electric Power by 11.5% during the 1st quarter. PDS Planning Inc now owns 23,462 shares of the utilities provider’s stock valued at $195,000 after acquiring an additional 2,425 shares in the last quarter.

Korea Electric Power Company 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.