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

Korea Electric Power Corporation (NYSE:KEP - Get Free Report) shares gapped up before the market opened on Wednesday . The stock had previously closed at $12.61, but opened at $13.83. Korea Electric Power shares last traded at $13.75, with a volume of 363,095 shares trading hands.

Wall Street Analysts Forecast Growth

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

Korea Electric Power Stock Up 7.0%

The business has a 50 day simple moving average of $10.20 and a 200 day simple moving average of $8.36. 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 stock has a market cap of $18.83 billion, a PE ratio of 5.02 and a beta of 0.85.

Korea Electric Power (NYSE:KEP - Get Free Report) last issued its earnings results on Tuesday, June 17th. The utilities provider reported $1.25 EPS for the quarter, beating analysts' consensus estimates 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 firm had revenue of $16.67 billion for the quarter, compared to the consensus estimate of $17.04 billion.

Institutional Trading of Korea Electric Power

A number of institutional investors and hedge funds have recently made changes to their positions in KEP. Atlas Capital Advisors Inc. lifted its position in shares of Korea Electric Power by 443.7% in the fourth quarter. Atlas Capital Advisors Inc. now owns 6,312 shares of the utilities provider's stock worth $43,000 after buying an additional 5,151 shares during the last quarter. XTX Topco Ltd acquired a new stake in shares of Korea Electric Power in the fourth quarter worth about $78,000. Virtu Financial LLC acquired a new stake in shares of Korea Electric Power in the first quarter worth about $83,000. Vise Technologies Inc. acquired a new stake in shares of Korea Electric Power in the fourth quarter worth about $89,000. Finally, Stifel Financial Corp lifted its position in shares of Korea Electric Power by 19.0% in the fourth quarter. Stifel Financial Corp now owns 14,700 shares of the utilities provider's stock worth $101,000 after buying an additional 2,350 shares during 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.