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

Shares of Korea Electric Power Co. (NYSE:KEP) gapped up before the market opened on Tuesday . The stock had previously closed at $8.55, but opened at $8.75. Korea Electric Power shares last traded at $8.75, with a volume of 12,206 shares traded.

Analysts Set New Price Targets

Separately, StockNews.com lowered Korea Electric Power from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th.

Korea Electric Power Stock Up 2.5 %

The company has a debt-to-equity ratio of 0.30, a current ratio of 0.37 and a quick ratio of 0.24. The business’s 50 day moving average price is $7.96 and its 200 day moving average price is $7.62. The firm has a market cap of $11.25 billion, a PE ratio of 5.46 and a beta of 1.00.

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

Hedge Funds Weigh In On Korea Electric Power

A number of institutional investors have recently added to or reduced their stakes in the stock. CWM LLC grew its stake in shares of Korea Electric Power by 13.5% in the 2nd quarter. CWM LLC now owns 11,824 shares of the utilities provider’s stock valued at $84,000 after buying an additional 1,404 shares during the period. Atomi Financial Group Inc. raised its position in Korea Electric Power by 14.3% in the third quarter. Atomi Financial Group Inc. now owns 13,632 shares of the utilities provider’s stock valued at $106,000 after purchasing an additional 1,704 shares during the period. Sivia Capital Partners LLC lifted its stake in shares of Korea Electric Power by 9.3% in the 2nd quarter. Sivia Capital Partners LLC now owns 23,310 shares of the utilities provider’s stock valued at $165,000 after purchasing an additional 1,982 shares during the last quarter. O Shaughnessy Asset Management LLC grew its holdings in shares of Korea Electric Power by 17.7% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 15,732 shares of the utilities provider’s stock worth $131,000 after purchasing an additional 2,370 shares during the period. Finally, EverSource Wealth Advisors LLC raised its holdings in Korea Electric Power by 91.4% in the 1st quarter. EverSource Wealth Advisors LLC now owns 6,063 shares of the utilities provider’s stock valued at $46,000 after buying an additional 2,895 shares during the period.

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.