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

Korea Electric Power Co. (NYSE:KEP)’s share price gapped up prior to trading 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 changing hands.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Korea Electric Power from a “hold” rating to a “buy” rating in a report on Tuesday.

Korea Electric Power Stock Down 0.5 %

The company has a current ratio of 0.37, a quick ratio of 0.24 and a debt-to-equity ratio of 0.30. The firm’s fifty day moving average is $7.97 and its 200-day moving average is $7.63.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Wilmington Savings Fund Society FSB acquired a new position in shares of Korea Electric Power in the third quarter valued at approximately $35,000. Acadian Asset Management LLC acquired a new position in shares of Korea Electric Power in the first quarter valued at approximately $38,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Korea Electric Power by 91.4% in the first 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. GAMMA Investing LLC boosted its holdings in shares of Korea Electric Power by 114.7% in the third quarter. GAMMA Investing LLC now owns 6,339 shares of the utilities provider’s stock valued at $49,000 after buying an additional 3,386 shares during the period. Finally, CWM LLC boosted its holdings in shares of Korea Electric Power by 13.5% in the second 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.

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.