Korea Electric Power (NYSE:KEP) Sets New 1-Year High - What's Next?

Shares of Korea Electric Power Co. (NYSE:KEP - Get Free Report) hit a new 52-week high on Tuesday . The company traded as high as $10.48 and last traded at $10.42, with a volume of 687642 shares. The stock had previously closed at $9.97.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded Korea Electric Power from a "buy" rating to a "strong-buy" rating in a report on Monday, May 19th.

Korea Electric Power Stock Performance

The firm has a market capitalization of $14.66 billion, a P/E ratio of 5.28 and a beta of 0.76. The stock has a fifty day simple moving average of $8.67 and a two-hundred day simple moving average of $7.93. The company has a debt-to-equity ratio of 2.10, a current ratio of 0.43 and a quick ratio of 0.30.

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

Hedge Funds Weigh In On Korea Electric Power

A number of institutional investors have recently added to or reduced their stakes in KEP. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Korea Electric Power by 90.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 723,844 shares of the utilities provider's stock worth $4,980,000 after purchasing an additional 344,126 shares in the last quarter. Northern Trust Corp boosted its holdings in Korea Electric Power by 642.2% during the 4th quarter. Northern Trust Corp now owns 383,704 shares of the utilities provider's stock valued at $2,640,000 after acquiring an additional 332,009 shares during the period. Marshall Wace LLP boosted its holdings in Korea Electric Power by 93.7% during the 4th quarter. Marshall Wace LLP now owns 171,334 shares of the utilities provider's stock valued at $1,179,000 after acquiring an additional 82,902 shares during the period. Millennium Management LLC boosted its holdings in Korea Electric Power by 65.3% during the 4th quarter. Millennium Management LLC now owns 209,626 shares of the utilities provider's stock valued at $1,442,000 after acquiring an additional 82,775 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in Korea Electric Power during the 4th quarter valued at about $530,000.

About Korea Electric Power

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.