Korea Electric Power (NYSE:KEP) Stock Price Up 4.5% – Here’s What Happened

Korea Electric Power Co. (NYSE:KEP)’s share price rose 4.5% on Monday . The stock traded as high as $10.39 and last traded at $10.42. Approximately 185,779 shares were traded during mid-day trading, an increase of 11% from the average daily volume of 167,482 shares. The stock had previously closed at $9.97.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Korea Electric Power from a “hold” rating to a “buy” rating in a research note on Friday, April 11th.

Korea Electric Power Trading Up 5.0%

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 business’s 50-day simple moving average is $8.36 and its two-hundred day simple moving average is $7.84. The company has a market capitalization of $13.44 billion, a PE ratio of 4.85 and a beta of 0.76.

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

Institutional Trading of Korea Electric Power

A number of institutional investors have recently made changes to their positions in KEP. Atlas Capital Advisors Inc. increased its position in Korea Electric Power by 443.7% during the 4th quarter. Atlas Capital Advisors Inc. now owns 6,312 shares of the utilities provider’s stock worth $43,000 after buying an additional 5,151 shares during the period. Wealthstream Advisors Inc. bought a new stake in Korea Electric Power during the 4th quarter worth $71,000. XTX Topco Ltd bought a new stake in Korea Electric Power during the 4th quarter worth $78,000. Virtu Financial LLC acquired a new position in shares of Korea Electric Power during the first quarter worth $83,000. Finally, Vise Technologies Inc. bought a new position in Korea Electric Power during the 4th quarter worth approximately $89,000.

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.