Korea Electric Power (NYSE:KEP) Sets New 12-Month High – Here’s Why

Korea Electric Power Corporation (NYSE:KEP)’s share price hit a new 52-week high during trading on Tuesday . The stock traded as high as $17.00 and last traded at $16.8050, with a volume of 127112 shares. The stock had previously closed at $16.01.

Analyst Ratings Changes

KEP has been the topic of several recent research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Korea Electric Power in a research note on Wednesday, October 8th. Wall Street Zen raised 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 Hold rating, According to MarketBeat.com, the company has a consensus rating of “Hold”.

Korea Electric Power Stock Performance

The stock has a fifty day moving average price of $13.99 and a 200-day moving average price of $12.79. The company has a current ratio of 0.46, a quick ratio of 0.31 and a debt-to-equity ratio of 2.05. The firm has a market capitalization of $21.58 billion, a price-to-earnings ratio of 4.79 and a beta of 0.96.

Korea Electric Power (NYSE:KEP) last announced its earnings results on Monday, September 15th. The utilities provider reported $0.63 EPS for the quarter, topping the consensus estimate of $0.60 by $0.03. Korea Electric Power had a return on equity of 15.34% and a net margin of 6.58%.The business had revenue of $15.70 billion for the quarter, compared to the consensus estimate of $19.45 billion.

Institutional Investors Weigh In On Korea Electric Power

Hedge funds have recently bought and sold shares of the company. Cerity Partners LLC raised its position in shares of Korea Electric Power by 105.9% during the first quarter. Cerity Partners LLC now owns 145,455 shares of the utilities provider’s stock worth $1,078,000 after purchasing an additional 74,818 shares during the period. Cetera Investment Advisers boosted its holdings in shares of Korea Electric Power by 22.7% in the first quarter. Cetera Investment Advisers now owns 21,121 shares of the utilities provider’s stock valued at $157,000 after buying an additional 3,910 shares during the period. Ramirez Asset Management Inc. increased its position in shares of Korea Electric Power by 4.2% during the first quarter. Ramirez Asset Management Inc. now owns 279,980 shares of the utilities provider’s stock worth $2,075,000 after acquiring an additional 11,215 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Korea Electric Power by 4.3% during the first quarter. PNC Financial Services Group Inc. now owns 49,141 shares of the utilities provider’s stock worth $364,000 after acquiring an additional 2,029 shares during the period. Finally, Atlas Capital Advisors Inc. lifted its position in Korea Electric Power by 101.7% in the 1st quarter. Atlas Capital Advisors Inc. now owns 12,734 shares of the utilities provider’s stock valued at $94,000 after acquiring an additional 6,422 shares in the last quarter.

About Korea Electric Power

Korea Electric Power Corporation, an integrated electric utility company, engages in the generation, transmission, and distribution of electricity in South Korea and internationally. The company operates through Transmission and Distribution, Nuclear Power Generation, Thermal Power Generation, and Others segments.