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

Korea Electric Power Co. (NYSE:KEP)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $7.63, but opened at $7.80. Korea Electric Power shares last traded at $7.81, with a volume of 20,791 shares trading hands.

Analyst Ratings Changes

Separately, StockNews.com upgraded Korea Electric Power from a “hold” rating to a “buy” rating in a research note on Thursday, September 5th.

Korea Electric Power Price Performance

The stock’s 50 day simple moving average is $7.86 and its 200-day simple moving average is $7.53. The firm has a market cap of $10.14 billion, a price-to-earnings ratio of 23.24 and a beta of 1.01. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.24 and a current ratio of 0.37.

Korea Electric Power (NYSE:KEP) last released its earnings results on Monday, September 9th. The utilities provider reported $0.04 earnings per share (EPS) for the quarter. Korea Electric Power had a return on equity of 6.93% and a net margin of 2.95%. The firm had revenue of $14.93 billion for the quarter.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. HB Wealth Management LLC acquired a new position in Korea Electric Power in the 1st quarter worth approximately $85,000. Sequoia Financial Advisors LLC increased its stake in shares of Korea Electric Power by 10.4% in the first quarter. Sequoia Financial Advisors LLC now owns 51,570 shares of the utilities provider’s stock worth $430,000 after acquiring an additional 4,842 shares during the period. BNP Paribas Financial Markets raised its holdings in shares of Korea Electric Power by 10.7% during the first quarter. BNP Paribas Financial Markets now owns 30,899 shares of the utilities provider’s stock worth $257,000 after purchasing an additional 2,992 shares during the last quarter. PDS Planning Inc lifted its position in Korea Electric Power by 11.5% during the first quarter. PDS Planning Inc now owns 23,462 shares of the utilities provider’s stock valued at $195,000 after purchasing an additional 2,425 shares during the period. Finally, Russell Investments Group Ltd. boosted its holdings in Korea Electric Power by 2.7% in the first quarter. Russell Investments Group Ltd. now owns 329,161 shares of the utilities provider’s stock valued at $2,742,000 after purchasing an additional 8,630 shares during 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.