Korea Electric Power (NYSE:KEP) Shares Gap Down - Time to Sell?

Key Points

• Korea Electric Power's shares experienced a gap down, opening at $13.43, lower than the previous close of $13.92, with last traded price at $13.31.
• Wall Street Zen has downgraded Korea Electric Power's rating from "strong-buy" to "buy", reflecting a shift in market sentiment.
• The company reported a net revenue of $16.67 billion for the last quarter, falling short of analysts' expectations of $17.04 billion.

Korea Electric Power Corporation (NYSE:KEP - Get Free Report) shares gapped down prior to trading on Tuesday . The stock had previously closed at $13.92, but opened at $13.43. Korea Electric Power shares last traded at $13.31, with a volume of 50,529 shares trading hands.

Analysts Set New Price Targets

Separately, Wall Street Zen downgraded shares of Korea Electric Power from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 16th.

Korea Electric Power Trading Up 2.5%

The company has a debt-to-equity ratio of 2.09, a current ratio of 0.47 and a quick ratio of 0.32. The company's fifty day moving average is $13.38 and its 200-day moving average is $10.31. The stock has a market cap of $18.23 billion, a PE ratio of 4.86 and a beta of 0.95.

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 (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.35. Korea Electric Power had a net margin of 5.53% and a return on equity of 13.16%. The firm had revenue of $16.67 billion during the quarter, compared to analysts' expectations of $17.04 billion.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership increased its stake in shares of Korea Electric Power by 22.0% during the second quarter. Arrowstreet Capital Limited Partnership now owns 1,201,548 shares of the utilities provider's stock worth $17,110,000 after purchasing an additional 216,828 shares in the last quarter. American Century Companies Inc. increased its stake in shares of Korea Electric Power by 19.8% during the second quarter. American Century Companies Inc. now owns 530,743 shares of the utilities provider's stock worth $7,558,000 after purchasing an additional 87,682 shares in the last quarter. Northern Trust Corp increased its stake in shares of Korea Electric Power by 642.2% during the fourth quarter. Northern Trust Corp now owns 383,704 shares of the utilities provider's stock worth $2,640,000 after purchasing an additional 332,009 shares in the last quarter. Bank of America Corp DE increased its stake in shares of Korea Electric Power by 133.7% during the second quarter. Bank of America Corp DE now owns 371,494 shares of the utilities provider's stock worth $5,290,000 after purchasing an additional 212,515 shares in the last quarter. Finally, Ramirez Asset Management Inc. increased its stake in shares of Korea Electric Power by 4.2% during the first quarter. Ramirez Asset Management Inc. now owns 279,980 shares of the utilities provider's stock worth $2,075,000 after purchasing an additional 11,215 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.