Korea Electric Power (NYSE:KEP) Shares Gap Down – Here’s What Happened

Korea Electric Power Corporation (NYSE:KEP)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $15.46, but opened at $14.79. Korea Electric Power shares last traded at $14.72, with a volume of 40,550 shares changing hands.

Analyst Ratings Changes

A number of brokerages recently weighed in on KEP. Zacks Research downgraded shares of Korea Electric Power from a “hold” rating to a “strong sell” rating in a research report on Tuesday, March 31st. Wall Street Zen lowered shares of Korea Electric Power from a “buy” rating to a “hold” rating in a research report on Sunday, March 22nd. Bank of America lowered shares of Korea Electric Power from a “buy” rating to a “neutral” rating in a research report on Tuesday, March 31st. Finally, Weiss Ratings lowered shares of Korea Electric Power from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, April 29th. Two analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Korea Electric Power presently has an average rating of “Reduce”.

Korea Electric Power Price Performance

The firm’s fifty day moving average price is $15.89 and its 200 day moving average price is $17.33. The company has a quick ratio of 0.31, a current ratio of 0.46 and a debt-to-equity ratio of 1.70. The stock has a market cap of $18.95 billion, a PE ratio of 3.14, a P/E/G ratio of 0.17 and a beta of 0.99.

Korea Electric Power (NYSE:KEP) last released its earnings results on Saturday, February 14th. The utilities provider reported ($0.10) EPS for the quarter. Korea Electric Power had a return on equity of 18.76% and a net margin of 8.80%.The company had revenue of $13.61 billion during the quarter. As a group, equities analysts expect that Korea Electric Power Corporation will post 3.47 EPS for the current fiscal year.

Hedge Funds Weigh In On Korea Electric Power

Several hedge funds have recently modified their holdings of KEP. Global Trust Asset Management LLC bought a new stake in Korea Electric Power in the first quarter worth $28,000. Smartleaf Asset Management LLC bought a new stake in Korea Electric Power in the third quarter worth $29,000. Rockefeller Capital Management L.P. increased its position in Korea Electric Power by 47.0% in the fourth quarter. Rockefeller Capital Management L.P. now owns 2,264 shares of the utilities provider’s stock worth $37,000 after purchasing an additional 724 shares during the last quarter. TD Private Client Wealth LLC bought a new stake in Korea Electric Power in the third quarter worth $33,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in Korea Electric Power in the fourth quarter worth $45,000.

Korea Electric Power Company Profile

Korea Electric Power (KEP) is a South Korea–based integrated electric utility engaged in the generation, transmission and distribution of electricity. The company’s activities span power plant operation and maintenance, grid management, fuel procurement and power trading, as well as engineering, procurement and construction (EPC) services for large-scale power projects. Its asset base includes a mix of thermal, nuclear, hydro and renewable generation capacity, and the company supports system planning and reliability functions for the national electricity network.

In addition to core utility operations, KEP provides a range of technical and consulting services tied to power infrastructure, including plant construction, refurbishment and decommissioning support.