Korea Electric Power (NYSE:KEP) Share Price Crosses Above 200 Day Moving Average – Here’s Why

Korea Electric Power Corporation (NYSE:KEP) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $15.54 and traded as high as $20.62. Korea Electric Power shares last traded at $20.1860, with a volume of 642,425 shares trading hands.

Analyst Upgrades and Downgrades

KEP has been the topic of several analyst reports. Wall Street Zen upgraded Korea Electric Power from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 1st. Zacks Research raised Korea Electric Power to a “hold” rating in a research note on Wednesday, November 19th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Korea Electric Power in a research report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy”.

Korea Electric Power Stock Performance

The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.33 and a current ratio of 0.48. The stock has a market capitalization of $27.46 billion, a P/E ratio of 4.43, a PEG ratio of 0.07 and a beta of 0.89. The business has a 50-day moving average price of $18.13 and a 200 day moving average price of $15.54.

Korea Electric Power (NYSE:KEP) last released its earnings results on Thursday, December 18th. The utilities provider reported $2.11 EPS for the quarter, topping analysts’ consensus estimates of $2.08 by $0.03. Korea Electric Power had a return on equity of 19.00% and a net margin of 8.47%.The firm had revenue of $19.64 billion for the quarter, compared to analysts’ expectations of $16.17 billion.

Institutional Trading of Korea Electric Power

Several institutional investors have recently added to or reduced their stakes in KEP. Pekin Hardy Strauss Inc. grew its holdings in shares of Korea Electric Power by 134.3% in the fourth quarter. Pekin Hardy Strauss Inc. now owns 41,000 shares of the utilities provider’s stock worth $676,000 after acquiring an additional 23,500 shares during the period. TD Waterhouse Canada Inc. boosted its position in Korea Electric Power by 647.8% in the fourth quarter. TD Waterhouse Canada Inc. now owns 36,072 shares of the utilities provider’s stock worth $594,000 after purchasing an additional 31,248 shares during the last quarter. CWM LLC grew its stake in shares of Korea Electric Power by 137.7% during the 4th quarter. CWM LLC now owns 29,431 shares of the utilities provider’s stock valued at $486,000 after purchasing an additional 17,047 shares during the period. Bridgewater Advisors Inc. bought a new stake in shares of Korea Electric Power during the 4th quarter valued at about $188,000. Finally, Diversify Advisory Services LLC increased its position in shares of Korea Electric Power by 9.6% during the 4th quarter. Diversify Advisory Services LLC now owns 35,869 shares of the utilities provider’s stock valued at $592,000 after purchasing an additional 3,136 shares during the last quarter.

Korea Electric Power Company Profile

Korea Electric Power (KEP) is a South Korea–based integrated electric utility engaged in the generation, transmission and distribution of electricity. The company’s activities span power plant operation and maintenance, grid management, fuel procurement and power trading, as well as engineering, procurement and construction (EPC) services for large-scale power projects. Its asset base includes a mix of thermal, nuclear, hydro and renewable generation capacity, and the company supports system planning and reliability functions for the national electricity network.

In addition to core utility operations, KEP provides a range of technical and consulting services tied to power infrastructure, including plant construction, refurbishment and decommissioning support.