Korea Electric Power (NYSE:KEP) Shares Gap Up – Still a Buy?

Shares of Korea Electric Power Corporation (NYSE:KEP) gapped up before the market opened on Monday . The stock had previously closed at $15.07, but opened at $15.99. Korea Electric Power shares last traded at $15.7750, with a volume of 73,571 shares trading hands.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on KEP. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Korea Electric Power in a research report on Wednesday, October 8th. Wall Street Zen raised Korea Electric Power from a “buy” rating to a “strong-buy” rating in a report on Saturday. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Korea Electric Power currently has an average rating of “Hold”.

Korea Electric Power Price Performance

The firm has a market capitalization of $20.37 billion, a PE ratio of 4.52 and a beta of 0.95. The stock has a 50-day moving average price of $13.72 and a 200 day moving average price of $12.50. The company has a quick ratio of 0.31, a current ratio of 0.46 and a debt-to-equity ratio of 2.05.

Korea Electric Power (NYSE:KEP) last posted its quarterly earnings data on Monday, September 15th. The utilities provider reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.03. Korea Electric Power had a return on equity of 15.34% and a net margin of 6.58%.The business had revenue of $15.70 billion during the quarter, compared to analysts’ expectations of $19.45 billion.

Institutional Trading of Korea Electric Power

Several large investors have recently made changes to their positions in the company. Jane Street Group LLC purchased a new stake in Korea Electric Power in the 2nd quarter valued at $3,448,000. Arrowstreet Capital Limited Partnership boosted its holdings in Korea Electric Power by 22.0% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,201,548 shares of the utilities provider’s stock valued at $17,110,000 after acquiring an additional 216,828 shares during the period. Bank of America Corp DE raised its position in Korea Electric Power by 133.7% in the 2nd quarter. Bank of America Corp DE now owns 371,494 shares of the utilities provider’s stock valued at $5,290,000 after purchasing an additional 212,515 shares in the last quarter. Envestnet Asset Management Inc. acquired a new stake in Korea Electric Power in the 2nd quarter valued at about $2,698,000. Finally, Walleye Capital LLC raised its position in Korea Electric Power by 216.7% in the 2nd quarter. Walleye Capital LLC now owns 242,832 shares of the utilities provider’s stock valued at $3,458,000 after purchasing an additional 166,154 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.