Korea Electric Power (NYSE:KEP) Shares Gap Up – Should You Buy?

Shares of Korea Electric Power Co. (NYSE:KEP) gapped up prior to trading on Tuesday . The stock had previously closed at $7.78, but opened at $8.17. Korea Electric Power shares last traded at $8.04, with a volume of 82,183 shares traded.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Korea Electric Power from a “hold” rating to a “buy” rating in a research note on Saturday, February 1st.

Korea Electric Power Stock Up 3.3 %

The firm’s 50-day simple moving average is $7.18 and its 200 day simple moving average is $7.68. The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.30 and a current ratio of 0.43. The company has a market cap of $10.32 billion, a P/E ratio of 3.72 and a beta of 1.04.

Hedge Funds Weigh In On Korea Electric Power

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Korea Electric Power by 46.8% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,193,185 shares of the utilities provider’s stock valued at $9,259,000 after acquiring an additional 380,145 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its stake in Korea Electric Power by 90.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 723,844 shares of the utilities provider’s stock valued at $4,980,000 after purchasing an additional 344,126 shares in the last quarter. Northern Trust Corp increased its stake in Korea Electric Power by 642.2% in the fourth quarter. Northern Trust Corp now owns 383,704 shares of the utilities provider’s stock valued at $2,640,000 after purchasing an additional 332,009 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in Korea Electric Power in the third quarter worth $855,000. Finally, Marshall Wace LLP grew its stake in Korea Electric Power by 93.7% in the fourth quarter. Marshall Wace LLP now owns 171,334 shares of the utilities provider’s stock valued at $1,179,000 after acquiring an additional 82,902 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.