Korea Electric Power (NYSE:KEP) Hits New 1-Year High – Here’s Why

Korea Electric Power Corporation (NYSE:KEP)’s share price reached a new 52-week high on Tuesday . The company traded as high as $18.70 and last traded at $19.16, with a volume of 33805 shares trading hands. The stock had previously closed at $17.74.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Wall Street Zen upgraded shares of Korea Electric Power from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 1st. Zacks Research upgraded Korea Electric Power to a “hold” rating in a report on Wednesday, November 19th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Korea Electric Power in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy”.

Korea Electric Power Stock Performance

The stock has a market capitalization of $22.30 billion, a price-to-earnings ratio of 4.19, a P/E/G ratio of 0.06 and a beta of 0.89. The company has a quick ratio of 0.33, a current ratio of 0.48 and a debt-to-equity ratio of 1.78. The company’s fifty day simple moving average is $16.93 and its 200 day simple moving average is $14.88.

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

Institutional Investors Weigh In On Korea Electric Power

Several institutional investors have recently made changes to their positions in the stock. Smartleaf Asset Management LLC bought a new stake in shares of Korea Electric Power during the 3rd quarter valued at $29,000. TD Private Client Wealth LLC bought a new position in shares of Korea Electric Power in the 3rd quarter valued at $33,000. Hantz Financial Services Inc. raised its position in Korea Electric Power by 204.3% in the second quarter. Hantz Financial Services Inc. now owns 2,757 shares of the utilities provider’s stock valued at $39,000 after purchasing an additional 1,851 shares during the last quarter. Global Retirement Partners LLC acquired a new stake in Korea Electric Power during the 3rd quarter worth approximately $41,000. Finally, Osaic Holdings Inc. lifted its holdings in shares of Korea Electric Power by 1,144.4% during the second quarter. Osaic Holdings Inc. now owns 3,447 shares of the utilities provider’s stock worth $49,000 after purchasing an additional 3,170 shares during the period.

About Korea Electric Power

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.