Korea Electric Power Corp. (KEP) Shares Gap Up to $25.68
Shares of Korea Electric Power Corp. (NYSE:KEP) gapped up prior to trading 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 changing hands.
Several analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Korea Electric Power Corp. from a “hold” rating to a “buy” rating and set a $28.00 target price on the stock in a research report on Friday, June 3rd. HSBC lowered shares of Korea Electric Power Corp. from a “buy” rating to a “hold” rating in a research report 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 report 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 report on Monday, May 16th. 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. The stock currently has an average rating of “Hold” and an average price target of $28.00.
The firm has a market cap of $33.53 billion and a PE ratio of 2.54. The firm has a 50-day moving average of $26.69 and a 200-day moving average of $25.49.
An institutional investor recently raised its position in Korea Electric Power Corp. stock. Bank of Montreal Can boosted its position in Korea Electric Power Corp. (NYSE:KEP) by 10,332.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. 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 as of its most recent filing with the SEC.
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.