Korea Electric Power (NYSE:KEP) Shares Gap Up - Still a Buy?

Key Points

• Korea Electric Power's shares gapped up from $12.70 to $13.14 before trading at $13.43 with a volume of 130,866 shares.
• Analysts have downgraded the stock's rating from "strong-buy" to "buy," resulting in a current consensus rating of "Hold."
• The company reported quarterly earnings of $0.63 per share, exceeding the consensus estimate, but its revenue of $15.70 billion fell short of expectations.

Korea Electric Power Corporation (NYSE:KEP - Get Free Report)'s share price gapped up before the market opened on Tuesday . The stock had previously closed at $12.70, but opened at $13.14. Korea Electric Power shares last traded at $13.43, with a volume of 130,866 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Wall Street Zen downgraded Korea Electric Power from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 16th. Weiss Ratings restated a "hold (c)" rating on shares of Korea Electric Power in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Korea Electric Power currently has a consensus rating of "Hold".

Korea Electric Power Stock Performance

The company has a debt-to-equity ratio of 2.05, a current ratio of 0.46 and a quick ratio of 0.31. The business has a 50-day simple moving average of $13.45 and a 200-day simple moving average of $11.76. The firm has a market capitalization of $17.48 billion, a PE ratio of 3.88 and a beta of 0.95.

Korea Electric Power (NYSE:KEP - Get Free Report) last issued its quarterly earnings results on Monday, September 15th. The utilities provider reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.03. Korea Electric Power had a return on equity of 15.34% and a net margin of 6.58%.The firm had revenue of $15.70 billion for the quarter, compared to the consensus estimate of $19.45 billion.

Institutional Investors Weigh In On Korea Electric Power

Several hedge funds and other institutional investors have recently modified their holdings of the business. Rhumbline Advisers raised its holdings in shares of Korea Electric Power by 0.7% in the second quarter. Rhumbline Advisers now owns 163,208 shares of the utilities provider's stock worth $2,324,000 after buying an additional 1,182 shares during the period. Hantz Financial Services Inc. raised its holdings in shares of Korea Electric Power by 204.3% in the second quarter. Hantz Financial Services Inc. now owns 2,757 shares of the utilities provider's stock worth $39,000 after buying an additional 1,851 shares during the period. PNC Financial Services Group Inc. raised its holdings in shares of Korea Electric Power by 4.3% in the first quarter. PNC Financial Services Group Inc. now owns 49,141 shares of the utilities provider's stock worth $364,000 after buying an additional 2,029 shares during the period. Compound Planning Inc. raised its holdings in shares of Korea Electric Power by 14.7% in the first quarter. Compound Planning Inc. now owns 16,105 shares of the utilities provider's stock worth $119,000 after buying an additional 2,065 shares during the period. Finally, Coldstream Capital Management Inc. raised its holdings in shares of Korea Electric Power by 21.4% in the second quarter. Coldstream Capital Management Inc. now owns 12,105 shares of the utilities provider's stock worth $172,000 after buying an additional 2,133 shares during the period.

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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