Korea Electric Power (NYSE:KEP) Shares Gap Down – Time to Sell?

Korea Electric Power Corporation (NYSE:KEP) gapped down prior to trading on Wednesday . The stock had previously closed at $17.09, but opened at $16.23. Korea Electric Power shares last traded at $16.4350, with a volume of 181,996 shares trading hands.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on KEP shares. Wall Street Zen raised shares of Korea Electric Power from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 1st. Zacks Research raised Korea Electric Power to a “hold” rating in a research report on Wednesday. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Korea Electric Power in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock presently has a consensus rating of “Hold”.

Korea Electric Power Trading Up 0.1%

The firm has a market capitalization of $21.51 billion, a P/E ratio of 4.77 and a beta of 0.96. The firm has a fifty day simple moving average of $14.48 and a two-hundred day simple moving average of $13.16. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.46 and a quick ratio of 0.31.

Korea Electric Power (NYSE:KEP) last posted its quarterly earnings results on Monday, September 15th. The utilities provider reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.03. The company had revenue of $15.70 billion during the quarter, compared to the consensus estimate of $19.45 billion. Korea Electric Power had a return on equity of 15.34% and a net margin of 6.58%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Smartleaf Asset Management LLC bought a new stake in shares of Korea Electric Power during the third quarter valued at about $29,000. TD Private Client Wealth LLC purchased a new position in Korea Electric Power during the third quarter valued at approximately $33,000. Hantz Financial Services Inc. increased its holdings in Korea Electric Power by 204.3% during the 2nd quarter. Hantz Financial Services Inc. now owns 2,757 shares of the utilities provider’s stock worth $39,000 after acquiring an additional 1,851 shares during the period. Global Retirement Partners LLC purchased a new stake in Korea Electric Power in the 3rd quarter worth approximately $41,000. Finally, Osaic Holdings Inc. lifted its stake in Korea Electric Power by 1,144.4% in the 2nd quarter. Osaic Holdings Inc. now owns 3,447 shares of the utilities provider’s stock worth $49,000 after purchasing an additional 3,170 shares in the last quarter.

About Korea Electric Power

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.