Korea Electric Power (NYSE:KEP) Shares Gap Up – What’s Next?

Korea Electric Power Corporation (NYSE:KEP)’s share price gapped up before the market opened on Wednesday . The stock had previously closed at $11.80, but opened at $12.42. Korea Electric Power shares last traded at $12.3550, with a volume of 251,636 shares traded.

Analysts Set New Price Targets

Several research firms have recently commented on KEP. Nomura cut shares of Korea Electric Power from a “buy” rating to a “neutral” rating in a research note on Thursday, August 13th. Zacks Research raised shares of Korea Electric Power from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 11th. Weiss Ratings cut shares of Korea Electric Power from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, August 20th. Finally, Morgan Stanley lowered Korea Electric Power from an “equal weight” rating to an “underweight” rating in a report on Tuesday, May 19th. Four investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Reduce”.

Korea Electric Power Trading Up 3.9%

The firm has a market cap of $15.75 billion, a PE ratio of 2.57, a PEG ratio of 2.16 and a beta of 0.95. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.43 and a quick ratio of 0.29. The business has a 50-day moving average price of $12.02 and a two-hundred day moving average price of $14.55.

Korea Electric Power (NYSE:KEP) last released its quarterly earnings data on Wednesday, August 12th. The utilities provider reported $0.27 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.18). The business had revenue of $14.15 billion during the quarter, compared to analysts’ expectations of $15.31 billion. Korea Electric Power had a return on equity of 18.25% and a net margin of 8.95%. Analysts forecast that Korea Electric Power Corporation will post 2.56 EPS for the current year.

Institutional Trading of Korea Electric Power

Several institutional investors and hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. grew its position in shares of Korea Electric Power by 47,424.3% in the third quarter. JPMorgan Chase & Co. now owns 375,442 shares of the utilities provider’s stock valued at $4,900,000 after purchasing an additional 374,652 shares during the last quarter. Assetmark Inc. raised its position in shares of Korea Electric Power by 119.3% during the 1st quarter. Assetmark Inc. now owns 644,041 shares of the utilities provider’s stock worth $9,178,000 after purchasing an additional 350,337 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of Korea Electric Power by 26.0% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,514,228 shares of the utilities provider’s stock worth $19,761,000 after purchasing an additional 312,680 shares during the last quarter. Jane Street Group LLC purchased a new stake in Korea Electric Power in the 2nd quarter valued at approximately $3,448,000. Finally, Lazard Asset Management LLC purchased a new stake in Korea Electric Power in the 3rd quarter valued at approximately $2,821,000.

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.