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

Shares of Korea Electric Power Corporation (NYSE:KEP) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $16.14 and traded as high as $21.60. Korea Electric Power shares last traded at $21.50, with a volume of 390,322 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on KEP shares. Wall Street Zen raised shares of Korea Electric Power from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 1st. Weiss Ratings reissued a “buy (b-)” rating on shares of Korea Electric Power in a report on Monday, December 29th. Finally, Zacks Research upgraded Korea Electric Power to a “hold” rating in a research report on Wednesday, November 19th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Korea Electric Power Stock Performance

The stock’s 50 day moving average is $18.90 and its two-hundred day moving average is $16.14. The company has a quick ratio of 0.33, a current ratio of 0.48 and a debt-to-equity ratio of 1.78.

Korea Electric Power (NYSE:KEP) last posted its quarterly earnings data on Thursday, December 18th. The utilities provider reported $2.11 EPS for the quarter, topping 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 company had revenue of $19.64 billion during the quarter, compared to analyst estimates of $16.17 billion.

Institutional Investors Weigh In On Korea Electric Power

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Personalized Indexing Management LLC boosted its stake in Korea Electric Power by 12.7% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 208,312 shares of the utilities provider’s stock worth $3,437,000 after purchasing an additional 23,554 shares during the last quarter. Verition Fund Management LLC purchased a new position in shares of Korea Electric Power in the fourth quarter worth about $422,000. Mariner LLC lifted its stake in shares of Korea Electric Power by 17.9% in the fourth quarter. Mariner LLC now owns 118,681 shares of the utilities provider’s stock worth $1,963,000 after buying an additional 18,039 shares in the last quarter. Arax Advisory Partners boosted its position in Korea Electric Power by 603.6% during the fourth quarter. Arax Advisory Partners now owns 8,802 shares of the utilities provider’s stock worth $145,000 after acquiring an additional 7,551 shares during the last quarter. Finally, Ariadne Wealth Management LP grew its stake in Korea Electric Power by 5.8% during the 4th quarter. Ariadne Wealth Management LP now owns 19,438 shares of the utilities provider’s stock valued at $321,000 after acquiring an additional 1,059 shares in 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.