Korea Electric Power (NYSE:KEP) Shares Gap Down – Here’s Why

Korea Electric Power Corporation (NYSE:KEP)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $17.07, but opened at $16.58. Korea Electric Power shares last traded at $16.5050, with a volume of 54,167 shares.

Wall Street Analyst Weigh In

KEP has been the topic of a number of research reports. Zacks Research raised shares of Korea Electric Power to a “hold” rating in a research report on Wednesday, November 19th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Korea Electric Power in a research note on Tuesday. Finally, Wall Street Zen raised shares of Korea Electric Power from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 1st. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy”.

Korea Electric Power Stock Performance

The business has a 50-day moving average price of $16.09 and a 200-day moving average price of $14.12. The company has a quick ratio of 0.31, a current ratio of 0.46 and a debt-to-equity ratio of 2.05. The firm has a market capitalization of $21.22 billion, a price-to-earnings ratio of 4.71, a P/E/G ratio of 0.07 and a beta of 0.95.

Institutional Investors Weigh In On Korea Electric Power

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Smartleaf Asset Management LLC purchased a new stake in shares of Korea Electric Power during the third quarter worth about $29,000. TD Private Client Wealth LLC acquired a new stake in Korea Electric Power in the 3rd quarter worth approximately $33,000. Hantz Financial Services Inc. grew its position in Korea Electric Power by 204.3% during the 2nd quarter. Hantz Financial Services Inc. now owns 2,757 shares of the utilities provider’s stock worth $39,000 after purchasing an additional 1,851 shares during the last quarter. Global Retirement Partners LLC purchased a new stake in Korea Electric Power during the 3rd quarter worth approximately $41,000. Finally, Osaic Holdings Inc. increased its stake in Korea Electric Power by 1,144.4% during the 2nd quarter. Osaic Holdings Inc. now owns 3,447 shares of the utilities provider’s stock valued at $49,000 after purchasing an additional 3,170 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.