Korea Electric Power (NYSE:KEP) Shares Gap Up to $6.56

Korea Electric Power Co. (NYSE:KEP – Get Rating)’s share price gapped up before the market opened on Friday . The stock had previously closed at $6.56, but opened at $6.76. Korea Electric Power shares last traded at $6.78, with a volume of 104,018 shares.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Korea Electric Power from a “hold” rating to a “sell” rating in a research report on Tuesday, March 14th.

Korea Electric Power Stock Performance

The stock has a 50-day simple moving average of $7.44 and a 200-day simple moving average of $7.26. The company has a market capitalization of $8.62 billion, a price-to-earnings ratio of -0.45 and a beta of 0.73. The company has a current ratio of 0.67, a quick ratio of 0.44 and a debt-to-equity ratio of 2.34.

Hedge Funds Weigh In On Korea Electric Power

A number of institutional investors have recently made changes to their positions in KEP. Wipfli Financial Advisors LLC bought a new stake in shares of Korea Electric Power in the 3rd quarter valued at approximately $27,000. Tower Research Capital LLC TRC bought a new stake in shares of Korea Electric Power in the 3rd quarter valued at approximately $29,000. CWM LLC increased its holdings in shares of Korea Electric Power by 35.1% in the 4th quarter. CWM LLC now owns 4,908 shares of the utilities provider’s stock valued at $42,000 after acquiring an additional 1,274 shares during the last quarter. Ronald Blue Trust Inc. increased its holdings in shares of Korea Electric Power by 1,212.5% in the 3rd quarter. Ronald Blue Trust Inc. now owns 6,943 shares of the utilities provider’s stock valued at $61,000 after acquiring an additional 6,414 shares during the last quarter. Finally, Profund Advisors LLC bought a new stake in shares of Korea Electric Power in the 4th quarter valued at approximately $86,000. 1.45% of the stock is owned by institutional investors and hedge funds.

Korea Electric Power Company Profile

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Korea Electric Power Corp. engages in the generation, transmission and distribution of electricity. It operates through the following Businesses: Sale of Electric Power, Development of Electric Power Resources, Investment, and Real Estate. The company was founded on July 1, 1961 and is headquartered in Naju, South Korea.