Korea Electric Power (NYSE:KEP) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Korea Electric Power Corporation (NYSE:KEP) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $14.77 and traded as high as $17.50. Korea Electric Power shares last traded at $17.31, with a volume of 1,047,459 shares changing hands.

Analyst Ratings Changes

KEP has been the subject of several research reports. Zacks Research upgraded shares of Korea Electric Power to a “hold” rating in a research note on Wednesday, November 19th. Wall Street Zen raised shares of Korea Electric Power from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 1st. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Korea Electric Power in a report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company currently 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 50 day moving average of $16.81 and a 200 day moving average of $14.77. The stock has a market capitalization of $22.22 billion, a P/E ratio of 3.80, a P/E/G ratio of 0.06 and a beta of 0.89.

Korea Electric Power (NYSE:KEP) last announced its quarterly earnings results 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 net margin of 8.47% and a return on equity of 19.00%. The company had revenue of $19.64 billion during the quarter, compared to the consensus estimate of $16.17 billion.

Institutional Investors Weigh In On Korea Electric Power

Several large investors have recently made changes to their positions in KEP. Janney Montgomery Scott LLC acquired a new stake in Korea Electric Power in the second quarter worth approximately $824,000. American Century Companies Inc. increased its position in shares of Korea Electric Power by 19.8% during the 2nd quarter. American Century Companies Inc. now owns 530,743 shares of the utilities provider’s stock valued at $7,558,000 after purchasing an additional 87,682 shares during the period. Quadrant Capital Group LLC raised its stake in shares of Korea Electric Power by 369.1% in the 2nd quarter. Quadrant Capital Group LLC now owns 171,595 shares of the utilities provider’s stock worth $2,444,000 after buying an additional 135,017 shares in the last quarter. Summit Global Investments bought a new stake in shares of Korea Electric Power in the 2nd quarter worth $631,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Korea Electric Power in the second quarter valued at $201,000.

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.