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

Korea Electric Power Corporation (NYSE:KEP) shares gapped down before the market opened on Monday . The stock had previously closed at $14.87, but opened at $14.04. Korea Electric Power shares last traded at $13.78, with a volume of 219,026 shares trading hands.

Analyst Ratings Changes

Several research firms recently commented on KEP. Bank of America downgraded shares of Korea Electric Power from a “buy” rating to a “neutral” rating in a research note on Tuesday. Wall Street Zen downgraded shares of Korea Electric Power from a “buy” rating to a “hold” rating in a research note on Sunday, March 22nd. Finally, Weiss Ratings raised shares of Korea Electric Power from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold”.

Korea Electric Power Stock Up 4.5%

The firm has a market cap of $18.28 billion, a P/E ratio of 3.03, a P/E/G ratio of 0.04 and a beta of 0.88. The company has a current ratio of 0.46, a quick ratio of 0.31 and a debt-to-equity ratio of 1.70. The business has a 50-day moving average price of $19.14 and a 200-day moving average price of $17.03.

Korea Electric Power (NYSE:KEP) last released its quarterly earnings data on Saturday, February 14th. The utilities provider reported ($0.10) earnings per share for the quarter. Korea Electric Power had a net margin of 8.80% and a return on equity of 18.76%. The firm had revenue of $13.61 billion during the quarter.

Institutional Investors Weigh In On Korea Electric Power

Several hedge funds have recently modified their holdings of KEP. AdvisorShares Investments LLC purchased a new stake in Korea Electric Power during the third quarter worth $1,017,000. American Century Companies Inc. increased its holdings in shares of Korea Electric Power by 19.8% in the 2nd quarter. American Century Companies Inc. now owns 530,743 shares of the utilities provider’s stock valued at $7,558,000 after acquiring an additional 87,682 shares during the period. Capital Wealth Planning LLC increased its holdings in shares of Korea Electric Power by 87.0% in the 3rd quarter. Capital Wealth Planning LLC now owns 380,348 shares of the utilities provider’s stock valued at $4,964,000 after acquiring an additional 176,920 shares during the period. Arrowstreet Capital Limited Partnership raised its position in shares of Korea Electric Power by 22.0% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,201,548 shares of the utilities provider’s stock worth $17,110,000 after acquiring an additional 216,828 shares in the last quarter. Finally, Walleye Capital LLC lifted its stake in shares of Korea Electric Power by 216.7% during the 2nd quarter. Walleye Capital LLC now owns 242,832 shares of the utilities provider’s stock worth $3,458,000 after purchasing an additional 166,154 shares during the last quarter.

About Korea Electric Power

Korea Electric Power (KEP) is a South Korea–based integrated electric utility engaged in the generation, transmission and distribution of electricity. The company’s activities span power plant operation and maintenance, grid management, fuel procurement and power trading, as well as engineering, procurement and construction (EPC) services for large-scale power projects. Its asset base includes a mix of thermal, nuclear, hydro and renewable generation capacity, and the company supports system planning and reliability functions for the national electricity network.

In addition to core utility operations, KEP provides a range of technical and consulting services tied to power infrastructure, including plant construction, refurbishment and decommissioning support.