Korea Electric Power (NYSE:KEP) Sets New 52-Week High – Here’s What Happened

Korea Electric Power Corporation (NYSE:KEP)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $17.05 and last traded at $17.01, with a volume of 130601 shares. The stock had previously closed at $16.51.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on KEP shares. Weiss Ratings restated a “hold (c)” rating on shares of Korea Electric Power in a report on Wednesday, October 8th. Wall Street Zen raised shares of Korea Electric Power from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 1st. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Korea Electric Power presently has a consensus rating of “Hold”.

Korea Electric Power Stock Performance

The company has a quick ratio of 0.31, a current ratio of 0.46 and a debt-to-equity ratio of 2.05. The stock has a market capitalization of $21.93 billion, a P/E ratio of 4.87 and a beta of 0.96. The business has a fifty day moving average price of $14.24 and a 200-day moving average price of $13.00.

Korea Electric Power (NYSE:KEP) last issued its earnings results on Monday, September 15th. The utilities provider reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.03. The business had revenue of $15.70 billion during the quarter, compared to analyst estimates of $19.45 billion. Korea Electric Power had a return on equity of 15.34% and a net margin of 6.58%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KEP. JPMorgan Chase & Co. boosted its holdings in 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 worth $4,900,000 after purchasing an additional 374,652 shares during the last quarter. Assetmark Inc. lifted its holdings in shares of Korea Electric Power by 1,172,236.7% during the 3rd quarter. Assetmark Inc. now owns 351,701 shares of the utilities provider’s stock valued at $4,590,000 after buying an additional 351,671 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in shares of Korea Electric Power by 26.0% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,514,228 shares of the utilities provider’s stock worth $19,761,000 after buying an additional 312,680 shares during the last quarter. Jane Street Group LLC purchased a new position in shares of Korea Electric Power in the 2nd quarter worth $3,448,000. Finally, Lazard Asset Management LLC bought a new stake in shares of Korea Electric Power in the third quarter worth $2,821,000.

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.