Korea Electric Power (NYSE:KEP) Shares Pass Above Two Hundred Day Moving Average – Here’s What Happened

Korea Electric Power Corporation (NYSE:KEP) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $16.52 and traded as high as $23.09. Korea Electric Power shares last traded at $22.9140, with a volume of 564,892 shares.

Analyst Upgrades and Downgrades

KEP has been the subject of several recent research reports. Zacks Research raised Korea Electric Power to a “hold” rating in a research report on Wednesday, November 19th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Korea Electric Power in a report on Monday, December 29th. Finally, 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. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Korea Electric Power Price Performance

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 business’s 50-day moving average is $19.61 and its two-hundred day moving average is $16.52.

Korea Electric Power (NYSE:KEP) last posted its earnings results on Thursday, December 18th. The utilities provider reported $2.11 EPS for the quarter, topping 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 business had revenue of $19.64 billion for the quarter, compared to analysts’ expectations of $16.17 billion.

Hedge Funds Weigh In On Korea Electric Power

A number of hedge funds have recently modified their holdings of the business. Smartleaf Asset Management LLC increased its holdings in shares of Korea Electric Power by 21.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,625 shares of the utilities provider’s stock valued at $44,000 after acquiring an additional 466 shares during the period. Syon Capital LLC increased its stake in Korea Electric Power by 4.5% in the fourth quarter. Syon Capital LLC now owns 12,226 shares of the utilities provider’s stock valued at $202,000 after purchasing an additional 526 shares during the period. Vise Technologies Inc. raised its holdings in shares of Korea Electric Power by 3.0% in the fourth quarter. Vise Technologies Inc. now owns 22,518 shares of the utilities provider’s stock valued at $372,000 after buying an additional 654 shares during the last quarter. Wealthstream Advisors Inc. boosted its stake in shares of Korea Electric Power by 6.1% during the third quarter. Wealthstream Advisors Inc. now owns 12,594 shares of the utilities provider’s stock worth $164,000 after buying an additional 727 shares during the period. Finally, Coldstream Capital Management Inc. boosted its stake in shares of Korea Electric Power by 6.2% during the third quarter. Coldstream Capital Management Inc. now owns 12,851 shares of the utilities provider’s stock worth $168,000 after buying an additional 746 shares during the period.

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.