Korea Electric Power (NYSE:KEP) Reaches New 1-Year High - Here's What Happened

Key Points

• Korea Electric Power Corporation (NYSE:KEP) reached a new 52-week high of $14.87 during trading, closing at $14.83, with a trading volume of 133,944 shares.
• Wall Street analysts upgraded Korea Electric Power's rating from "buy" to "strong-buy," indicating optimism about the company's performance.
• For the last quarter, Korea Electric Power reported earnings per share (EPS) of $1.25, significantly exceeding analysts' expectations of $0.90, despite a revenue shortfall of $16.67 billion against estimates of $17.04 billion.

Korea Electric Power Corporation (NYSE:KEP - Get Free Report)'s stock price hit a new 52-week high during trading on Wednesday . The company traded as high as $14.87 and last traded at $14.83, with a volume of 133944 shares traded. The stock had previously closed at $13.82.

Analyst Ratings Changes

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

Korea Electric Power Trading Down 6.8%

The firm has a market capitalization of $17.69 billion, a PE ratio of 4.72 and a beta of 0.95. The stock's 50-day moving average price is $12.76 and its 200 day moving average price is $9.87. The company has a debt-to-equity ratio of 2.09, a current ratio of 0.47 and a quick ratio of 0.32.

Korea Electric Power (NYSE:KEP - Get Free Report) last issued its earnings results on Tuesday, June 17th. The utilities provider reported $1.25 EPS for the quarter, topping analysts' consensus estimates of $0.90 by $0.35. The business had revenue of $16.67 billion for the quarter, compared to analyst estimates of $17.04 billion. Korea Electric Power had a net margin of 5.53% and a return on equity of 13.16%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Cerity Partners LLC increased its position in Korea Electric Power by 105.9% during the 1st quarter. Cerity Partners LLC now owns 145,455 shares of the utilities provider's stock valued at $1,078,000 after purchasing an additional 74,818 shares during the period. Sequoia Financial Advisors LLC increased its position in Korea Electric Power by 15.4% during the 1st quarter. Sequoia Financial Advisors LLC now owns 60,708 shares of the utilities provider's stock valued at $450,000 after purchasing an additional 8,118 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Korea Electric Power in the 4th quarter valued at about $530,000. GAMMA Investing LLC boosted its holdings in shares of Korea Electric Power by 439.4% in the 1st quarter. GAMMA Investing LLC now owns 42,170 shares of the utilities provider's stock valued at $312,000 after buying an additional 34,352 shares in the last quarter. Finally, Two Sigma Investments LP boosted its holdings in shares of Korea Electric Power by 84.4% in the 4th quarter. Two Sigma Investments LP now owns 30,809 shares of the utilities provider's stock valued at $212,000 after buying an additional 14,100 shares in 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.