Korea Electric Power (NYSE:KEP) Shares Gap Up – What’s Next?
by Kim Johansen · The Markets DailyKorea Electric Power Corporation (NYSE:KEP – Get Free Report)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $21.45, but opened at $22.83. Korea Electric Power shares last traded at $23.1650, with a volume of 422,806 shares.
Analysts Set New Price Targets
Several equities research analysts recently weighed in on the company. Zacks Research upgraded Korea Electric Power to a “hold” rating in a report on Wednesday, November 19th. Wall Street Zen upgraded shares of Korea Electric Power from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 1st. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Korea Electric Power in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Korea Electric Power currently has an average rating of “Moderate Buy”.
Get Our Latest Analysis on KEP
Korea Electric Power Price Performance
The company has a quick ratio of 0.33, a current ratio of 0.48 and a debt-to-equity ratio of 1.78. The stock’s 50-day moving average price is $17.34 and its 200 day moving average price is $15.12. The firm has a market cap of $24.06 billion, a price-to-earnings ratio of 5.11, a price-to-earnings-growth ratio of 0.06 and a beta of 0.89.
Korea Electric Power (NYSE:KEP – Get Free Report) last posted its quarterly earnings results on Thursday, December 18th. The utilities provider reported $2.11 EPS for the quarter, beating the consensus estimate of $2.08 by $0.03. The firm had revenue of $19.64 billion during the quarter, compared to analysts’ expectations of $16.17 billion. Korea Electric Power had a return on equity of 19.00% and a net margin of 8.47%.
Hedge Funds Weigh In On Korea Electric Power
Hedge funds and other institutional investors have recently made changes to their positions in the business. Smartleaf Asset Management LLC bought a new stake in Korea Electric Power in the third quarter valued at about $29,000. TD Private Client Wealth LLC bought a new stake in shares of Korea Electric Power in the 3rd quarter valued at approximately $33,000. Hantz Financial Services Inc. raised its holdings in shares of Korea Electric Power by 204.3% in the 2nd quarter. Hantz Financial Services Inc. now owns 2,757 shares of the utilities provider’s stock worth $39,000 after buying an additional 1,851 shares in the last quarter. Global Retirement Partners LLC bought a new position in shares of Korea Electric Power during the 3rd quarter worth approximately $41,000. Finally, Osaic Holdings Inc. boosted its stake in Korea Electric Power by 1,144.4% in the 2nd quarter. Osaic Holdings Inc. now owns 3,447 shares of the utilities provider’s stock valued at $49,000 after buying an additional 3,170 shares in 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.