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

Shares of Korea Electric Power Co. (NYSE:KEP) gapped up prior to trading on Tuesday . The stock had previously closed at $8.55, but opened at $8.75. Korea Electric Power shares last traded at $8.75, with a volume of 12,206 shares trading hands.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Korea Electric Power from a “hold” rating to a “buy” rating in a research note on Tuesday.

Korea Electric Power Stock Performance

The company’s 50-day moving average price is $7.97 and its two-hundred day moving average price is $7.63. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.37 and a quick ratio of 0.24.

Korea Electric Power (NYSE:KEP) last issued its quarterly earnings data on Monday, September 9th. The utilities provider reported $0.04 earnings per share for the quarter. The company had revenue of $14.93 billion for the quarter. Korea Electric Power had a net margin of 2.95% and a return on equity of 6.93%.

Hedge Funds Weigh In On Korea Electric Power

Large investors have recently modified their holdings of the stock. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Korea Electric Power by 46.8% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,193,185 shares of the utilities provider’s stock valued at $9,259,000 after purchasing an additional 380,145 shares during the period. Blue Trust Inc. increased its position in Korea Electric Power by 270.3% during the second quarter. Blue Trust Inc. now owns 16,862 shares of the utilities provider’s stock worth $120,000 after acquiring an additional 12,309 shares during the period. Acadian Asset Management LLC bought a new position in Korea Electric Power during the first quarter worth about $38,000. EverSource Wealth Advisors LLC increased its position in Korea Electric Power by 91.4% during the first quarter. EverSource Wealth Advisors LLC now owns 6,063 shares of the utilities provider’s stock worth $46,000 after acquiring an additional 2,895 shares during the period. Finally, CWM LLC increased its position in Korea Electric Power by 13.5% during the second quarter. CWM LLC now owns 11,824 shares of the utilities provider’s stock worth $84,000 after acquiring an additional 1,404 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.