Korea Electric Power Corp. (KEP) Shares Gap Up to $25.75
Korea Electric Power Corp. (NYSE:KEP) gapped up prior to trading on Tuesday . The stock had previously closed at $25.57, but opened at $25.75. Korea Electric Power Corp. shares last traded at $26.10, with a volume of 105,792 shares traded.
A number of equities research analysts recently weighed in on the company. HSBC cut Korea Electric Power Corp. from a “buy” rating to a “hold” rating in a report on Thursday, August 4th. Morgan Stanley cut Korea Electric Power Corp. from an “overweight” rating to an “equal weight” rating in a report on Tuesday, June 21st. Finally, Zacks Investment Research upgraded Korea Electric Power Corp. from a “hold” rating to a “buy” rating and set a $28.00 target price on the stock in a report on Monday, June 20th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. Korea Electric Power Corp. currently has a consensus rating of “Hold” and a consensus price target of $28.00.
The company’s 50 day moving average price is $26.43 and its 200 day moving average price is $25.92. The company has a market cap of $33.59 billion, a PE ratio of 2.59 and a beta of 1.05.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/20/korea-electric-power-corp-kep-shares-gap-up-to-25-75.html
Several large investors have recently added to or reduced their stakes in KEP. Creative Planning boosted its stake in Korea Electric Power Corp. by 4,723.5% in the second quarter. Creative Planning now owns 3,907 shares of the company’s stock worth $101,000 after buying an additional 3,826 shares during the period. Advisor Group Inc. acquired a new stake in Korea Electric Power Corp. during the second quarter worth $120,000. Societe Generale acquired a new stake in Korea Electric Power Corp. during the second quarter worth $154,000. SG Americas Securities LLC acquired a new stake in Korea Electric Power Corp. during the second quarter worth $154,000. Finally, Signaturefd LLC acquired a new stake in Korea Electric Power Corp. during the second quarter worth $175,000. 4.99% of the stock is currently owned by institutional investors.
Korea Electric Power Corp. Company Profile
Korea Electric Power Corporation (KEPCO) is an integrated electric utility company engaged in the transmission and distribution of electricity in the Republic of Korea. Its segments include transmission and distribution, nuclear power generation and thermal power generation and all others. The transmission and distribution segment, which is operated by KEPCO, comprise operations related to the transmission, distribution and sale to end-users of electricity purchased from its generation subsidiaries, as well as from independent power producers.
Receive News & Ratings for Korea Electric Power Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Korea Electric Power Corp. and related companies with MarketBeat.com's FREE daily email newsletter.