Korea Electric Power (NYSE:KEP) Shares Gap Down - Here's What Happened

Shares of Korea Electric Power Corporation (NYSE:KEP - Get Free Report) gapped down before the market opened on Thursday . The stock had previously closed at $13.87, but opened at $13.28. Korea Electric Power shares last traded at $13.27, with a volume of 220,596 shares.

Analysts Set New Price Targets

Separately, Wall Street Zen raised shares of 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 $17.08 billion, a price-to-earnings ratio of 4.56 and a beta of 0.93. The stock's fifty day moving average is $11.59 and its two-hundred day moving average is $9.03. The company has a quick ratio of 0.32, a current ratio of 0.47 and a debt-to-equity ratio of 2.09.

Korea Electric Power (NYSE:KEP - Get Free Report) last issued its earnings results on Tuesday, June 17th. The utilities provider reported $1.25 earnings per share 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 the consensus estimate of $17.04 billion. Korea Electric Power had a net margin of 5.53% and a return on equity of 13.16%.

Institutional Investors Weigh In On Korea Electric Power

Hedge funds and other institutional investors have recently modified their holdings of the company. Sequoia Financial Advisors LLC increased its position in shares of Korea Electric Power by 15.4% in the first quarter. Sequoia Financial Advisors LLC now owns 60,708 shares of the utilities provider's stock worth $450,000 after purchasing an additional 8,118 shares during the period. Raymond James Financial Inc. bought a new position in shares of Korea Electric Power in the fourth quarter worth $530,000. GAMMA Investing LLC boosted its stake in Korea Electric Power by 439.4% in the first 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. American Century Companies Inc. boosted its stake in Korea Electric Power by 6.4% in the fourth quarter. American Century Companies Inc. now owns 416,155 shares of the utilities provider's stock valued at $2,863,000 after buying an additional 25,018 shares in the last quarter. Finally, Two Sigma Investments LP boosted its stake in Korea Electric Power by 84.4% in the fourth 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.

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