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

Korea Electric Power Corporation (NYSE:KEP)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred 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.

Wall Street Analyst Weigh In

A number of research firms recently commented on KEP. Weiss Ratings reiterated a “buy (b-)” rating on shares of Korea Electric Power in a report on Monday, December 29th. Wall Street Zen upgraded Korea Electric Power from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 1st. Finally, Zacks Research upgraded shares of Korea Electric Power to a “hold” rating in a research report on Wednesday, November 19th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

Korea Electric Power Stock Performance

The company has a debt-to-equity ratio of 1.78, a current ratio of 0.48 and a quick ratio of 0.33. The company has a market cap of $27.46 billion, a price-to-earnings ratio of 4.43, a price-to-earnings-growth ratio of 0.07 and a beta of 0.89. The stock has a 50-day moving average price of $18.13 and a 200 day moving average price of $15.56.

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, beating the consensus estimate 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 business had revenue of $19.64 billion during the quarter, compared to analyst estimates of $16.17 billion.

Hedge Funds Weigh In On Korea Electric Power

A number of institutional investors and hedge funds have recently added to or reduced their stakes in KEP. AQR Capital Management LLC raised its stake in shares of Korea Electric Power by 18.5% in the 1st quarter. AQR Capital Management LLC now owns 29,211 shares of the utilities provider’s stock valued at $216,000 after purchasing an additional 4,556 shares during the period. Wealth Enhancement Advisory Services LLC acquired a new stake in Korea Electric Power in the 2nd quarter valued at approximately $201,000. Janney Montgomery Scott LLC bought a new stake in Korea Electric Power in the 2nd quarter valued at approximately $824,000. Blue Trust Inc. lifted its stake in Korea Electric Power by 12.5% in the 2nd quarter. Blue Trust Inc. now owns 34,023 shares of the utilities provider’s stock valued at $484,000 after acquiring an additional 3,772 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC boosted its position in Korea Electric Power by 57.2% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 175,690 shares of the utilities provider’s stock worth $2,502,000 after acquiring an additional 63,934 shares during the last quarter.

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.