Korea Electric Power Corp. (KEP) Shares Gap Up to $25.68
Korea Electric Power Corp. (NYSE:KEP) shares gapped up before the market opened on Thursday . The stock had previously closed at $25.41, but opened at $25.68. Korea Electric Power Corp. shares last traded at $26.15, with a volume of 200,107 shares trading hands.
Several research analysts recently weighed in on KEP shares. Zacks Investment Research raised Korea Electric Power Corp. from a “hold” rating to a “buy” rating and set a $28.00 price target on the stock in a research report on Monday, June 20th. Goldman Sachs Group Inc. lowered Korea Electric Power Corp. from a “conviction-buy” rating to a “buy” rating in a research report on Monday, May 16th. Morgan Stanley lowered Korea Electric Power Corp. from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, June 21st. Finally, HSBC lowered Korea Electric Power Corp. from a “buy” rating to a “hold” rating in a research report on Thursday, August 4th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $28.00.
The firm has a 50-day moving average of $26.70 and a 200 day moving average of $25.52. The stock has a market cap of $33.36 billion and a P/E ratio of 2.53.
An institutional investor recently raised its position in Korea Electric Power Corp. stock. Bank of Montreal Can boosted its stake in shares of Korea Electric Power Corp. (NYSE:KEP) by 10,332.2% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 62,593 shares of the company’s stock after buying an additional 61,993 shares during the period. Bank of Montreal Can’s holdings in Korea Electric Power Corp. were worth $1,325,000 at the end of the most recent 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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