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

Korea Electric Power Co. (NYSE:KEP – Get Rating) 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 trading hands.

Wall Street Analysts Forecast Growth

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

Korea Electric Power Stock Performance

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of KEP. American Century Companies Inc. raised its position in Korea Electric Power by 11.0% during the first quarter. American Century Companies Inc. now owns 51,431 shares of the utilities provider’s stock valued at $479,000 after buying an additional 5,111 shares during the period. US Bancorp DE raised its position in Korea Electric Power by 75.2% during the first quarter. US Bancorp DE now owns 38,713 shares of the utilities provider’s stock valued at $360,000 after buying an additional 16,618 shares during the period. PNC Financial Services Group Inc. raised its position in Korea Electric Power by 5.3% during the first quarter. PNC Financial Services Group Inc. now owns 24,702 shares of the utilities provider’s stock valued at $230,000 after buying an additional 1,246 shares during the period. Natixis Advisors L.P. acquired a new position in Korea Electric Power during the first quarter valued at $278,000. Finally, Bank of Montreal Can acquired a new position in Korea Electric Power during the first quarter valued at $3,736,000. 1.45% of the stock is owned by institutional investors and hedge funds.

About Korea Electric Power

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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.