Korea Electric Power (NYSE:KEP) Stock Price Passes Above 200-Day Moving Average – What’s Next?

Shares of Korea Electric Power Corporation (NYSE:KEP) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $14.34 and traded as high as $16.86. Korea Electric Power shares last traded at $16.86, with a volume of 306,039 shares traded.

Analyst Ratings Changes

Several equities analysts recently weighed in on KEP shares. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Korea Electric Power in a research note on Monday. Zacks Research upgraded Korea Electric Power to a “hold” rating in a research report on Wednesday, November 19th. Finally, Wall Street Zen raised Korea Electric Power from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 1st. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Korea Electric Power Trading Up 0.7%

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 stock’s 50 day moving average is $16.50 and its 200-day moving average is $14.34. The company has a market cap of $21.65 billion, a PE ratio of 3.70, a P/E/G ratio of 0.06 and a beta of 0.95.

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

Institutional Investors Weigh In On Korea Electric Power

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

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.