Korea Electric Power (NYSE:KEP) Stock Price Up 2.2% – Should You Buy?

Shares of Korea Electric Power Co. (NYSE:KEP) rose 2.2% on Monday . The company traded as high as $7.40 and last traded at $7.40. Approximately 58,819 shares changed hands during mid-day trading, a decline of 59% from the average daily volume of 143,515 shares. The stock had previously closed at $7.24.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Korea Electric Power from a “buy” rating to a “hold” rating in a research note on Thursday, April 3rd.

Korea Electric Power Price Performance

The company has a quick ratio of 0.30, a current ratio of 0.43 and a debt-to-equity ratio of 2.10. The company has a fifty day simple moving average of $7.49 and a two-hundred day simple moving average of $7.59. The company has a market cap of $10.12 billion, a price-to-earnings ratio of 3.65 and a beta of 0.94.

Korea Electric Power (NYSE:KEP) last issued its earnings results on Tuesday, March 11th. The utilities provider reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.02. Korea Electric Power had a return on equity of 9.64% and a net margin of 4.03%. The company had revenue of $16.82 billion during the quarter, compared to the consensus estimate of $17.04 billion.

Institutional Trading of Korea Electric Power

A number of large investors have recently modified their holdings of KEP. Stifel Financial Corp purchased a new stake in shares of Korea Electric Power during the third quarter valued at $96,000. State Street Corp grew its position in Korea Electric Power by 0.9% in the 3rd quarter. State Street Corp now owns 746,847 shares of the utilities provider’s stock worth $5,796,000 after purchasing an additional 6,975 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in shares of Korea Electric Power in the 4th quarter valued at $525,000. American Century Companies Inc. grew its position in Korea Electric Power by 6.4% in the fourth quarter. American Century Companies Inc. now owns 416,155 shares of the utilities provider’s stock valued at $2,863,000 after acquiring an additional 25,018 shares during the period. Finally, Jane Street Group LLC acquired a new stake in Korea Electric Power during the 3rd quarter valued at $140,000.

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.