Korea Electric Power (NYSE:KEP) Shares Gap Up - Time to Buy?

Shares of Korea Electric Power Corporation (NYSE:KEP - Get Free Report) gapped up before the market opened on Tuesday . The stock had previously closed at $13.47, but opened at $13.97. Korea Electric Power shares last traded at $14.06, with a volume of 86,667 shares traded.

Analyst Ratings Changes

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 Down 0.8%

The firm has a 50-day moving average price of $11.34 and a two-hundred day moving average price of $8.89. The firm has a market cap of $17.35 billion, a price-to-earnings ratio of 4.63 and a beta of 0.93. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.32 and a current ratio of 0.47.

Korea Electric Power (NYSE:KEP - Get Free Report) last released its quarterly earnings data 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. Korea Electric Power had a net margin of 5.53% and a return on equity of 13.16%. The company had revenue of $16.67 billion for the quarter, compared to analysts' expectations of $17.04 billion.

Institutional Trading of Korea Electric Power

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Sequoia Financial Advisors LLC grew its stake in Korea Electric Power by 15.4% during the 1st quarter. Sequoia Financial Advisors LLC now owns 60,708 shares of the utilities provider's stock worth $450,000 after buying an additional 8,118 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Korea Electric Power in the fourth quarter valued at approximately $530,000. GAMMA Investing LLC grew its position in shares of Korea Electric Power by 439.4% during the first quarter. GAMMA Investing LLC now owns 42,170 shares of the utilities provider's stock worth $312,000 after acquiring an additional 34,352 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of 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 during the period. Finally, Two Sigma Investments LP increased its holdings in shares of 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 during the period.

About Korea Electric Power

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.