Korea Electric Power (NYSE:KEP) Sets New 52-Week High – Still a Buy?

Shares of Korea Electric Power Co. (NYSE:KEP) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $9.69 and last traded at $9.52, with a volume of 382 shares trading hands. The stock had previously closed at $9.64.

Analyst Ratings Changes

Separately, StockNews.com upgraded Korea Electric Power from a “hold” rating to a “buy” rating in a research report on Friday, April 11th.

Korea Electric Power Price Performance

The company has a current ratio of 0.43, a quick ratio of 0.30 and a debt-to-equity ratio of 2.10. The firm has a market cap of $11.76 billion, a P/E ratio of 4.24 and a beta of 0.76. The firm has a 50-day simple moving average of $8.23 and a 200-day simple moving average of $7.82.

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

Institutional Investors Weigh In On Korea Electric Power

Several institutional investors have recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership lifted its holdings in Korea Electric Power by 90.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 723,844 shares of the utilities provider’s stock valued at $4,980,000 after acquiring an additional 344,126 shares during the last quarter. American Century Companies Inc. increased its position in shares of Korea Electric Power by 6.5% during the first quarter. American Century Companies Inc. now owns 443,061 shares of the utilities provider’s stock worth $3,283,000 after acquiring an additional 26,906 shares during the period. Northern Trust Corp increased its holdings in Korea Electric Power by 642.2% in the fourth quarter. Northern Trust Corp now owns 383,704 shares of the utilities provider’s stock valued at $2,640,000 after buying an additional 332,009 shares during the last quarter. Ramirez Asset Management Inc. increased its holdings in Korea Electric Power by 4.2% in the first quarter. Ramirez Asset Management Inc. now owns 279,980 shares of the utilities provider’s stock valued at $2,075,000 after buying an additional 11,215 shares during the last quarter. Finally, Millennium Management LLC boosted its stake in Korea Electric Power by 65.3% in the fourth quarter. Millennium Management LLC now owns 209,626 shares of the utilities provider’s stock valued at $1,442,000 after acquiring an additional 82,775 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.