Korea Electric Power (NYSE:KEP) Shares Gap Down – What’s Next?

Korea Electric Power Co. (NYSE:KEP)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $7.41, but opened at $7.19. Korea Electric Power shares last traded at $7.30, with a volume of 49,213 shares trading hands.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Korea Electric Power from a “buy” rating to a “hold” rating in a research note on Wednesday, March 26th.

Korea Electric Power Stock Down 1.4 %

The company has a current ratio of 0.43, a quick ratio of 0.30 and a debt-to-equity ratio of 2.10. The stock’s 50-day moving average price is $7.48 and its 200-day moving average price is $7.64. The company has a market cap of $9.38 billion, a P/E ratio of 3.38 and a beta of 0.99.

Korea Electric Power (NYSE:KEP) last posted its quarterly earnings results on Tuesday, March 11th. The utilities provider reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.02. Korea Electric Power had a return on equity of 9.64% and a net margin of 4.03%. The business had revenue of $16.82 billion for the quarter, compared to the consensus estimate of $17.04 billion.

Institutional Trading of Korea Electric Power

Hedge funds have recently bought and sold shares of the business. Arrowstreet Capital Limited Partnership lifted its stake in shares of Korea Electric Power by 90.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 723,844 shares of the utilities provider’s stock valued at $4,980,000 after buying an additional 344,126 shares in the last quarter. Northern Trust Corp raised its holdings in shares of Korea Electric Power by 642.2% in the 4th quarter. Northern Trust Corp now owns 383,704 shares of the utilities provider’s stock worth $2,640,000 after acquiring an additional 332,009 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in Korea Electric Power in the 3rd quarter valued at about $855,000. Marshall Wace LLP boosted its stake in Korea Electric Power by 93.7% during the 4th quarter. Marshall Wace LLP now owns 171,334 shares of the utilities provider’s stock valued at $1,179,000 after purchasing an additional 82,902 shares during the last quarter. Finally, Millennium Management LLC increased its holdings in Korea Electric Power by 65.3% during the 4th quarter. Millennium Management LLC now owns 209,626 shares of the utilities provider’s stock worth $1,442,000 after purchasing an additional 82,775 shares in 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.