Korea Electric Power Corp. (KEP) Reaches New 52-Week High at $28.37
Korea Electric Power Corp. (NYSE:KEP) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $28.37 and last traded at $28.30, with a volume of 285,033 shares traded. The stock had previously closed at $27.67.
Several brokerages recently issued reports on KEP. Zacks Investment Research upgraded shares of Korea Electric Power Corp. from a “strong sell” rating to a “hold” rating in a research note on Friday, May 6th. HSBC lowered shares of Korea Electric Power Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, August 4th. Morgan Stanley lowered shares of Korea Electric Power Corp. from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, June 21st. Finally, Goldman Sachs Group Inc. lowered shares of Korea Electric Power Corp. from a “conviction-buy” rating to a “buy” rating in a research note on Monday, May 16th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. Korea Electric Power Corp. has an average rating of “Hold” and a consensus target price of $28.00.
The stock has a market capitalization of $36.30 billion and a price-to-earnings ratio of 2.76. The firm’s 50 day moving average price is $26.38 and its 200-day moving average price is $25.13.
A number of hedge funds and institutional investors have recently bought and sold shares of the company. Bank of Montreal Can raised its position in Korea Electric Power Corp. by 10,332.2% in the fourth quarter. Bank of Montreal Can now owns 62,593 shares of the company’s stock valued at $1,325,000 after buying an additional 61,993 shares during the last quarter. Comerica Bank raised its stake in shares of Korea Electric Power Corp. by 4.6% in the fourth quarter. Comerica Bank now owns 69,030 shares of the company’s stock worth $1,426,000 after buying an additional 3,032 shares in the last quarter. Finally, Wells Fargo & Company MN raised its stake in shares of Korea Electric Power Corp. by 16.7% in the fourth quarter. Wells Fargo & Company MN now owns 336,974 shares of the company’s stock worth $7,134,000 after buying an additional 48,098 shares in the last quarter.
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.
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