Korea Electric Power (NYSE:KEP) Shares Gap Down - What's Next?

Shares of Korea Electric Power Corporation (NYSE:KEP - Get Free Report) gapped down before the market opened on Wednesday . The stock had previously closed at $13.74, but opened at $13.06. Korea Electric Power shares last traded at $13.20, with a volume of 44,190 shares.

Analysts Set New Price Targets

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

Korea Electric Power Stock Down 0.2%

The business has a fifty day moving average of $10.89 and a 200 day moving average of $8.67. The firm has a market cap of $16.96 billion, a P/E ratio of 4.52 and a beta of 0.93. 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 quarterly earnings data on Tuesday, June 17th. The utilities provider reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.35. Korea Electric Power had a return on equity of 13.16% and a net margin of 5.53%. The business had revenue of $16.67 billion during the quarter, compared to analyst estimates of $17.04 billion.

Hedge Funds Weigh In On Korea Electric Power

Institutional investors and hedge funds have recently modified their holdings of the business. Sequoia Financial Advisors LLC grew its position in shares of Korea Electric Power by 15.4% in 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 Korea Electric Power in the 4th quarter valued at approximately $530,000. GAMMA Investing LLC lifted its stake in 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 acquiring an additional 34,352 shares in the last quarter. American Century Companies Inc. lifted its stake in Korea Electric Power by 6.4% in the 4th quarter. American Century Companies Inc. now owns 416,155 shares of the utilities provider's stock valued at $2,863,000 after acquiring an additional 25,018 shares in the last quarter. Finally, Two Sigma Investments LP lifted its stake in 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 acquiring 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.