Korea Electric Power (NYSE:KEP) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

Korea Electric Power Corporation (NYSE:KEP) shares 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

Several brokerages have commented on KEP. Zacks Research raised Korea Electric Power to a “hold” rating in a research note on Wednesday, November 19th. Wall Street Zen upgraded 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 reissued a “buy (b-)” rating on shares of Korea Electric Power in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Korea Electric Power Stock Performance

The firm has a market capitalization of $27.46 billion, a P/E ratio of 4.43, a P/E/G ratio of 0.07 and a beta of 0.89. The stock has a fifty day simple moving average of $18.13 and a two-hundred day simple moving average of $15.54. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.48 and a quick ratio of 0.33.

Korea Electric Power (NYSE:KEP) last announced its quarterly earnings data on Thursday, December 18th. The utilities provider reported $2.11 EPS for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $16.17 billion.

Institutional Investors Weigh In On Korea Electric Power

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Arrowstreet Capital Limited Partnership raised its position in Korea Electric Power by 26.0% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,514,228 shares of the utilities provider’s stock valued at $19,761,000 after purchasing an additional 312,680 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Korea Electric Power by 2.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 695,116 shares of the utilities provider’s stock valued at $9,080,000 after purchasing an additional 16,787 shares during the last quarter. American Century Companies Inc. raised its holdings 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 buying an additional 87,682 shares in the last quarter. Capital Wealth Planning LLC raised its holdings in shares of Korea Electric Power by 87.0% during the 3rd quarter. Capital Wealth Planning LLC now owns 380,348 shares of the utilities provider’s stock valued at $4,964,000 after buying an additional 176,920 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in Korea Electric Power by 47,424.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 375,442 shares of the utilities provider’s stock worth $4,900,000 after buying an additional 374,652 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.