Korea Electric Power (NYSE:KEP) Shares Gap Down – Here’s Why

Korea Electric Power Co. (NYSE:KEP) gapped down prior to trading on Tuesday . The stock had previously closed at $7.41, but opened at $7.19. Korea Electric Power shares last traded at $7.30, with a volume of 49,213 shares trading hands.

Analyst Ratings Changes

Separately, StockNews.com lowered Korea Electric Power from a “buy” rating to a “hold” rating in a research note on Wednesday, March 26th.

Korea Electric Power Stock Performance

The company has a quick ratio of 0.30, a current ratio of 0.43 and a debt-to-equity ratio of 2.10. The firm has a 50-day moving average of $7.47 and a 200 day moving average of $7.63. The stock has a market capitalization of $9.39 billion, a P/E ratio of 3.38 and a beta of 0.99.

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

Hedge Funds Weigh In On Korea Electric Power

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Stifel Financial Corp lifted its holdings in shares of Korea Electric Power by 19.0% during the fourth quarter. Stifel Financial Corp now owns 14,700 shares of the utilities provider’s stock valued at $101,000 after acquiring an additional 2,350 shares during the period. O Shaughnessy Asset Management LLC increased its position in shares of Korea Electric Power by 14.1% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 19,308 shares of the utilities provider’s stock worth $133,000 after purchasing an additional 2,392 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in Korea Electric Power during the 3rd quarter valued at about $35,000. Orion Portfolio Solutions LLC boosted its position in Korea Electric Power by 26.0% in the fourth quarter. Orion Portfolio Solutions LLC now owns 21,895 shares of the utilities provider’s stock valued at $151,000 after buying an additional 4,524 shares in the last quarter. Finally, Atlas Capital Advisors Inc. grew its stake in Korea Electric Power by 443.7% during the fourth 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 last quarter.

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.