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Korea Electric Power (NYSE:KEP) Sees Unusually-High Trading Volume - Still a Buy?

Korea Electric Power logo with Utilities background

Korea Electric Power Co. (NYSE:KEP - Get Free Report) shares saw strong trading volume on Tuesday . 608,316 shares changed hands during mid-day trading, an increase of 214% from the previous session's volume of 193,925 shares.The stock last traded at $10.50 and had previously closed at $10.41.

Wall Street Analysts Forecast Growth

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.

Read Our Latest Analysis on Korea Electric Power

Korea Electric Power Trading Up 1.4%

The business's 50 day simple moving average is $9.75 and its 200 day simple moving average is $8.21. 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 stock has a market cap of $13.55 billion, a price-to-earnings ratio of 4.89 and a beta of 0.85.

Institutional Trading of Korea Electric Power

Several hedge funds and other institutional investors have recently bought and sold shares of the business. PNC Financial Services Group Inc. grew its holdings in shares of Korea Electric Power by 4.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 49,141 shares of the utilities provider's stock valued at $364,000 after purchasing an additional 2,029 shares during the last quarter. Compound Planning Inc. boosted its stake in Korea Electric Power by 14.7% during the first quarter. Compound Planning Inc. now owns 16,105 shares of the utilities provider's stock worth $119,000 after acquiring an additional 2,065 shares in the last quarter. Stifel Financial Corp boosted its stake in Korea Electric Power by 19.0% during the fourth quarter. Stifel Financial Corp now owns 14,700 shares of the utilities provider's stock worth $101,000 after acquiring an additional 2,350 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its stake in shares of Korea Electric Power by 14.1% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 19,308 shares of the utilities provider's stock valued at $133,000 after buying an additional 2,392 shares in the last quarter. Finally, PDS Planning Inc lifted its stake in shares of Korea Electric Power by 10.2% in the first quarter. PDS Planning Inc now owns 26,817 shares of the utilities provider's stock valued at $199,000 after buying an additional 2,473 shares in the last quarter.

About Korea Electric Power

(Get Free Report)

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.

Further Reading

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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