Korea Electric Power (NYSE:KEP) Shares Up 4.1% – Here’s What Happened

Shares of Korea Electric Power Co. (NYSE:KEP) shot up 4.1% during trading on Monday . The company traded as high as $8.93 and last traded at $8.94. 35,278 shares were traded during mid-day trading, a decline of 76% from the average session volume of 144,449 shares. The stock had previously closed at $8.58.

Wall Street Analyst Weigh In

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

Korea Electric Power Trading Up 2.9 %

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 stock has a market capitalization of $11.56 billion, a P/E ratio of 4.17 and a beta of 0.94. The business has a 50 day simple moving average of $7.74 and a 200-day simple moving average of $7.65.

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

Institutional Trading of Korea Electric Power

A number of hedge funds have recently made changes to their positions in the stock. Wilmington Savings Fund Society FSB purchased a new stake in Korea Electric Power in the 3rd quarter worth approximately $35,000. Atlas Capital Advisors Inc. boosted its position 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 valued at $43,000 after purchasing an additional 5,151 shares during the last quarter. Wealthstream Advisors Inc. purchased a new position in Korea Electric Power in the fourth quarter valued at about $71,000. XTX Topco Ltd purchased a new stake in shares of Korea Electric Power during the 4th quarter worth about $78,000. Finally, Vise Technologies Inc. bought a new stake in shares of Korea Electric Power in the 4th quarter valued at 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.