Korea Electric Power (NYSE:KEP) Sees Strong Trading Volume – What’s Next?

Korea Electric Power Co. (NYSE:KEP) saw strong trading volume on Thursday . 231,830 shares traded hands during trading, an increase of 90% from the previous session’s volume of 121,848 shares.The stock last traded at $7.02 and had previously closed at $7.14.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Korea Electric Power from a “hold” rating to a “buy” rating in a research note on Thursday, December 5th.

Korea Electric Power Price Performance

The company has a market capitalization of $9.01 billion, a PE ratio of 4.47 and a beta of 1.00. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.37 and a quick ratio of 0.24. The stock’s 50 day simple moving average is $7.99 and its 200-day simple moving average is $7.68.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Korea Electric Power by 46.8% in the 3rd 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 purchasing an additional 380,145 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of Korea Electric Power in the 3rd quarter worth approximately $855,000. Blue Trust Inc. increased its stake in Korea Electric Power by 196.6% in the 3rd quarter. Blue Trust Inc. now owns 50,006 shares of the utilities provider’s stock valued at $355,000 after purchasing an additional 33,144 shares in the last quarter. FMR LLC boosted its position in Korea Electric Power by 12.8% during the third quarter. FMR LLC now owns 68,773 shares of the utilities provider’s stock worth $534,000 after purchasing an additional 7,787 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC increased its position in shares of Korea Electric Power by 24.7% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 71,471 shares of the utilities provider’s stock valued at $506,000 after buying an additional 14,136 shares in the last quarter.

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.