Korea Electric Power (NYSE:KEP) Reaches New 52-Week High - Time to Buy?

Korea Electric Power Co. (NYSE:KEP - Get Free Report) hit a new 52-week high during trading on Tuesday . The company traded as high as $11.44 and last traded at $11.40, with a volume of 598723 shares trading hands. The stock had previously closed at $10.78.

Wall Street Analyst Weigh In

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

Korea Electric Power Stock Performance

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 $13.17 billion, a P/E ratio of 4.75 and a beta of 0.85. The firm's 50-day moving average is $9.45 and its two-hundred day moving average is $8.15.

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Arrowstreet Capital Limited Partnership boosted its holdings in Korea Electric Power by 90.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 723,844 shares of the utilities provider's stock valued at $4,980,000 after acquiring an additional 344,126 shares during the period. Northern Trust Corp lifted its holdings in shares of Korea Electric Power by 642.2% during the 4th 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 during the period. Marshall Wace LLP boosted its holdings in Korea Electric Power by 93.7% during the fourth quarter. Marshall Wace LLP now owns 171,334 shares of the utilities provider's stock valued at $1,179,000 after purchasing an additional 82,902 shares in the last quarter. Millennium Management LLC raised its stake in shares of 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 during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Korea Electric Power during the fourth quarter worth approximately $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.