Korea Electric Power (NYSE:KEP) Shares Gap Up – Time to Buy?

Korea Electric Power Co. (NYSE:KEP)’s stock price gapped up prior to trading on Friday . The stock had previously closed at $10.83, but opened at $11.12. Korea Electric Power shares last traded at $11.33, with a volume of 195,795 shares trading hands.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded shares of Korea Electric Power from a “buy” rating to a “strong-buy” rating in a report on Monday, May 19th.

Korea Electric Power Stock Up 5.4%

The company has a current ratio of 0.43, a quick ratio of 0.30 and a debt-to-equity ratio of 2.10. The company has a market capitalization of $14.66 billion, a price-to-earnings ratio of 5.28 and a beta of 0.76. The firm’s fifty day simple moving average is $8.67 and its two-hundred day simple moving average is $7.93.

Korea Electric Power (NYSE:KEP) last posted its earnings results on Tuesday, March 11th. The utilities provider reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.02. The company had revenue of $16.82 billion for the quarter, compared to analyst estimates of $17.04 billion. Korea Electric Power had a net margin of 4.03% and a return on equity of 9.64%.

Institutional Investors Weigh In On Korea Electric Power

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. AQR Capital Management LLC raised its stake in shares of Korea Electric Power by 18.5% in the 1st quarter. AQR Capital Management LLC now owns 29,211 shares of the utilities provider’s stock valued at $216,000 after acquiring an additional 4,556 shares during the period. Cubist Systematic Strategies LLC raised its stake in shares of Korea Electric Power by 37.7% in the 1st quarter. Cubist Systematic Strategies LLC now owns 54,194 shares of the utilities provider’s stock valued at $402,000 after acquiring an additional 14,846 shares during the period. Vident Advisory LLC raised its stake in shares of Korea Electric Power by 3.8% in the 1st quarter. Vident Advisory LLC now owns 154,574 shares of the utilities provider’s stock valued at $1,145,000 after acquiring an additional 5,726 shares during the period. Walleye Capital LLC purchased a new stake in shares of Korea Electric Power in the 1st quarter valued at approximately $568,000. Finally, Compound Planning Inc. raised its stake in shares of Korea Electric Power by 14.7% in the 1st quarter. Compound Planning Inc. now owns 16,105 shares of the utilities provider’s stock valued at $119,000 after acquiring an additional 2,065 shares during the period.

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.