Korea Electric Power Co. (NYSE:KEP – Get Rating) shares gapped up before the market opened on Monday . The stock had previously closed at $6.72, but opened at $6.94. Korea Electric Power shares last traded at $6.95, with a volume of 1,560 shares.
Analysts Set New Price Targets
Several research analysts have recently commented on the stock. StockNews.com lowered shares of Korea Electric Power from a "hold" rating to a "sell" rating in a research note on Monday, August 15th. Morgan Stanley lowered shares of Korea Electric Power from an "overweight" rating to an "equal weight" rating in a research note on Friday, August 12th.
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Korea Electric Power Stock Down 0.3 %
The business's 50 day moving average is $7.88 and its 200-day moving average is $8.62. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.44 and a current ratio of 0.70. The firm has a market capitalization of $8.94 billion, a price-to-earnings ratio of -0.70 and a beta of 0.74.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of KEP. Glassman Wealth Services grew its stake in Korea Electric Power by 130.2% in the 4th quarter. Glassman Wealth Services now owns 3,151 shares of the utilities provider's stock valued at $29,000 after buying an additional 1,782 shares during the last quarter. West Family Investments Inc. acquired a new position in Korea Electric Power in the 4th quarter valued at $92,000. Veriti Management LLC boosted its holdings in Korea Electric Power by 7.9% in the 1st quarter. Veriti Management LLC now owns 84,868 shares of the utilities provider's stock valued at $790,000 after purchasing an additional 6,213 shares during the period. Pinnacle Wealth Planning Services Inc. boosted its holdings in Korea Electric Power by 80.4% in the 1st quarter. Pinnacle Wealth Planning Services Inc. now owns 20,849 shares of the utilities provider's stock valued at $194,000 after purchasing an additional 9,292 shares during the period. Finally, Parallel Advisors LLC boosted its holdings in Korea Electric Power by 249.7% in the 1st quarter. Parallel Advisors LLC now owns 5,364 shares of the utilities provider's stock valued at $50,000 after purchasing an additional 3,830 shares during the period. 1.60% of the stock is currently owned by institutional investors and hedge funds.
About Korea Electric Power
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Korea Electric Power Corporation, an integrated electric utility company, generates, transmits, and distributes electricity in South Korea and internationally. The company operates through Transmission and Distribution, Nuclear Power Generation, Thermal Power Generation, and Others segments. It generates power from nuclear, coal, oil, liquefied natural gas, internal combustion, combined-cycle, integrated gasification combined cycle, hydro, wind, solar, fuel cell, biogas, and other sources.
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