Korea Electric Power Co. (NYSE:KEP – Get Rating)'s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $7.62 and traded as high as $8.61. Korea Electric Power shares last traded at $8.57, with a volume of 211,873 shares changing hands.
Wall Street Analysts Forecast Growth
Separately, StockNews.com assumed coverage on Korea Electric Power in a report on Wednesday, October 12th. They issued a "sell" rating for the company.
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Korea Electric Power Stock Up 2.6 %
The company has a market capitalization of $11.00 billion, a PE ratio of -0.67 and a beta of 0.78. The company has a quick ratio of 0.44, a current ratio of 0.67 and a debt-to-equity ratio of 1.75. The firm has a 50-day moving average of $7.11 and a two-hundred day moving average of $7.62.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in the business. Jane Street Group LLC purchased a new position in Korea Electric Power in the third quarter worth approximately $106,000. State Street Corp boosted its position in shares of Korea Electric Power by 1.3% during the third quarter. State Street Corp now owns 762,774 shares of the utilities provider's stock worth $5,187,000 after buying an additional 9,825 shares during the period. Kopernik Global Investors LLC boosted its position in shares of Korea Electric Power by 2.4% during the third quarter. Kopernik Global Investors LLC now owns 1,660,792 shares of the utilities provider's stock worth $11,293,000 after buying an additional 39,326 shares during the period. BlackRock Inc. boosted its position in shares of Korea Electric Power by 11.7% during the third quarter. BlackRock Inc. now owns 1,585,494 shares of the utilities provider's stock worth $10,781,000 after buying an additional 166,369 shares during the period. Finally, Royal Bank of Canada boosted its position in shares of Korea Electric Power by 14.0% during the third quarter. Royal Bank of Canada now owns 31,934 shares of the utilities provider's stock worth $217,000 after buying an additional 3,921 shares during the period. 1.45% of the stock is currently owned by hedge funds and other institutional investors.
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.
Further Reading
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