Korea Electric Power (NYSE:KEP) Reaches New 1-Year High – Time to Buy?

Korea Electric Power Co. (NYSE:KEP)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as $10.48 and last traded at $10.42, with a volume of 687642 shares changing hands. The stock had previously closed at $9.97.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Korea Electric Power from a “buy” rating to a “strong-buy” rating in a report on Monday.

Korea Electric Power Stock Up 4.5%

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 company has a fifty day moving average price of $8.41 and a 200-day moving average price of $7.86. The stock has a market capitalization of $13.38 billion, a P/E ratio of 4.82 and a beta of 0.76.

Korea Electric Power (NYSE:KEP) last issued its earnings results on Tuesday, March 11th. The utilities provider reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $16.82 billion for the quarter, compared to analysts’ expectations of $17.04 billion.

Institutional Investors Weigh In On Korea Electric Power

Several large investors have recently made changes to their positions in the company. Arrowstreet Capital Limited Partnership grew its position in Korea Electric Power by 90.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 723,844 shares of the utilities provider’s stock worth $4,980,000 after acquiring an additional 344,126 shares in the last quarter. Northern Trust Corp grew its position in Korea Electric Power by 642.2% in the fourth quarter. Northern Trust Corp now owns 383,704 shares of the utilities provider’s stock worth $2,640,000 after acquiring an additional 332,009 shares in the last quarter. Marshall Wace LLP grew its position in Korea Electric Power by 93.7% in the fourth quarter. Marshall Wace LLP now owns 171,334 shares of the utilities provider’s stock worth $1,179,000 after acquiring an additional 82,902 shares in the last quarter. Millennium Management LLC grew its position in Korea Electric Power by 65.3% in the fourth quarter. Millennium Management LLC now owns 209,626 shares of the utilities provider’s stock worth $1,442,000 after acquiring an additional 82,775 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in Korea Electric Power in the fourth quarter worth about $530,000.

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.