Korea Electric Power (NYSE:KEP) Trading Up 2.2% - Still a Buy?

Korea Electric Power Co. (NYSE:KEP - Get Free Report)'s share price was up 2.2% during trading on Monday . The company traded as high as $7.40 and last traded at $7.40. Approximately 58,819 shares traded hands during trading, a decline of 59% from the average daily volume of 143,515 shares. The stock had previously closed at $7.24.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Korea Electric Power from a "hold" rating to a "buy" rating in a research note on Friday.

Korea Electric Power Stock Performance

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 company has a market capitalization of $10.47 billion, a price-to-earnings ratio of 3.78 and a beta of 0.94. The stock's fifty day simple moving average is $7.55 and its 200-day simple moving average is $7.60.

Korea Electric Power (NYSE:KEP - Get Free Report) last announced its quarterly earnings data on Tuesday, March 11th. The utilities provider reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analysts' expectations of $17.04 billion.

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Hedge Funds Weigh In On Korea Electric Power

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. State Street Corp raised its holdings in shares of Korea Electric Power by 0.9% in the 3rd quarter. State Street Corp now owns 746,847 shares of the utilities provider's stock valued at $5,796,000 after purchasing an additional 6,975 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in Korea Electric Power by 90.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 723,844 shares of the utilities provider's stock worth $4,980,000 after purchasing an additional 344,126 shares in the last quarter. American Century Companies Inc. grew its position in shares of Korea Electric Power by 6.4% in the 4th quarter. American Century Companies Inc. now owns 416,155 shares of the utilities provider's stock valued at $2,863,000 after buying an additional 25,018 shares during the last quarter. Northern Trust Corp raised its stake in Korea Electric Power by 642.2% during 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 in the last quarter. Finally, Millennium Management LLC lifted its position in Korea Electric Power by 65.3% in the fourth quarter. Millennium Management LLC now owns 209,626 shares of the utilities provider's stock valued at $1,442,000 after acquiring an additional 82,775 shares during 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.