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

Korea Electric Power Corporation (NYSE:KEP)’s stock price gapped down before the market opened on Friday . The stock had previously closed at $22.53, but opened at $21.05. Korea Electric Power shares last traded at $21.11, with a volume of 154,106 shares trading hands.

Analyst Ratings Changes

KEP has been the topic of a number of recent analyst reports. Weiss Ratings reissued a “buy (b-)” rating on shares of Korea Electric Power in a report on Monday, December 29th. Wall Street Zen upgraded shares of Korea Electric Power from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 1st. Finally, Zacks Research upgraded Korea Electric Power to a “hold” rating in a research report on Wednesday, November 19th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Korea Electric Power presently has a consensus rating of “Moderate Buy”.

Korea Electric Power Stock Down 4.2%

The company has a current ratio of 0.48, a quick ratio of 0.33 and a debt-to-equity ratio of 1.78. The stock’s 50-day simple moving average is $17.70 and its two-hundred day simple moving average is $15.29.

Korea Electric Power (NYSE:KEP) last released its earnings results on Thursday, December 18th. The utilities provider reported $2.11 EPS for the quarter, topping analysts’ consensus estimates of $2.08 by $0.03. The business had revenue of $19.64 billion during the quarter, compared to analysts’ expectations of $16.17 billion. Korea Electric Power had a net margin of 8.47% and a return on equity of 19.00%.

Hedge Funds Weigh In On Korea Electric Power

Several hedge funds and other institutional investors have recently made changes to their positions in KEP. Bridgewater Advisors Inc. acquired a new stake in shares of Korea Electric Power in the fourth quarter worth approximately $188,000. Diversify Advisory Services LLC lifted its holdings in Korea Electric Power by 9.6% in the 4th quarter. Diversify Advisory Services LLC now owns 35,869 shares of the utilities provider’s stock valued at $592,000 after purchasing an additional 3,136 shares in the last quarter. Venturi Wealth Management LLC acquired a new stake in Korea Electric Power during the 4th quarter worth $220,000. Personal CFO Solutions LLC boosted its stake in Korea Electric Power by 4.9% during the 4th quarter. Personal CFO Solutions LLC now owns 19,161 shares of the utilities provider’s stock worth $316,000 after purchasing an additional 900 shares during the last quarter. Finally, Steadtrust LLC purchased a new stake in shares of Korea Electric Power during the fourth quarter worth $190,000.

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.