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

Korea Electric Power Corporation (NYSE:KEPGet Free Report)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $11.94, but opened at $12.61. Korea Electric Power shares last traded at $12.5850, with a volume of 245,601 shares changing hands.

Analysts Set New Price Targets

KEP has been the subject of a number of recent research reports. Nomura lowered Korea Electric Power from a “buy” rating to a “neutral” rating in a research note on Thursday, August 13th. Weiss Ratings downgraded Korea Electric Power from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, August 20th. Morgan Stanley lowered Korea Electric Power from an “equal weight” rating to an “underweight” rating in a report on Tuesday, May 19th. Finally, Zacks Research upgraded Korea Electric Power from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 11th. Four research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Reduce”.

Check Out Our Latest Report on KEP

Korea Electric Power Trading Up 6.1%

The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.29 and a current ratio of 0.43. The company has a 50 day moving average of $11.90 and a two-hundred day moving average of $13.94. The stock has a market cap of $16.26 billion, a PE ratio of 2.65, a price-to-earnings-growth ratio of 2.28 and a beta of 0.95.

Korea Electric Power (NYSE:KEPGet Free Report) last issued its quarterly earnings results on Wednesday, August 12th. The utilities provider reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.18). The business had revenue of $14.15 billion for 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%. Sell-side analysts anticipate that Korea Electric Power Corporation will post 2.56 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Korea Electric Power

A number of institutional investors have recently added to or reduced their stakes in the stock. Corient Private Wealth LP increased its holdings in Korea Electric Power by 54.2% in the 2nd quarter. Corient Private Wealth LP now owns 265,049 shares of the utilities provider’s stock worth $3,207,000 after acquiring an additional 93,194 shares in the last quarter. HB Wealth Management LLC purchased a new position in Korea Electric Power during the second quarter valued at $293,000. Syon Capital LLC grew its position in shares of Korea Electric Power by 133.7% in the second quarter. Syon Capital LLC now owns 43,752 shares of the utilities provider’s stock valued at $529,000 after purchasing an additional 25,029 shares during the period. Greenspring Advisors LLC grew its position in shares of Korea Electric Power by 77.1% in the second quarter. Greenspring Advisors LLC now owns 25,413 shares of the utilities provider’s stock valued at $307,000 after purchasing an additional 11,067 shares during the period. Finally, Nykredit A S acquired a new stake in shares of Korea Electric Power in the second quarter valued at about $121,000.

Korea Electric Power Company Profile

(Get Free Report)

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.

Further Reading

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