Korea Electric Power (NYSE:KEP) Shares Cross Above 50 Day Moving Average – Should You Sell?

Korea Electric Power Corporation (NYSE:KEP) shares crossed above its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of $11.15 and traded as high as $11.48. Korea Electric Power shares last traded at $11.3150, with a volume of 1,951,821 shares.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on KEP shares. Nomura cut Korea Electric Power from a “buy” rating to a “neutral” rating in a research report on Thursday, August 13th. Zacks Research cut shares of Korea Electric Power from a “hold” rating to a “strong sell” rating in a research note on Wednesday, September 9th. Finally, Weiss Ratings upgraded shares of Korea Electric Power from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, October 8th. Three investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Korea Electric Power presently has an average rating of “Reduce”.

Korea Electric Power Stock Performance

The firm has a market cap of $14.53 billion, a PE ratio of 2.64, a P/E/G ratio of 2.00 and a beta of 1.02. The stock has a 50-day moving average price of $11.15 and a 200 day moving average price of $14.12. The company has a debt-to-equity ratio of 1.60, a current ratio of 0.44 and a quick ratio of 0.29.

Korea Electric Power (NYSE:KEP) last released its earnings results on Tuesday, September 15th. The utilities provider reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.03 by ($0.89). Korea Electric Power had a return on equity of 15.70% and a net margin of 8.15%. The company had revenue of $14.60 billion during the quarter, compared to analyst estimates of $19.67 billion. Research analysts forecast that Korea Electric Power Corporation will post 2.59 earnings per share for the current year.

Institutional Investors Weigh In On Korea Electric Power

A number of institutional investors have recently added to or reduced their stakes in KEP. Rockefeller Capital Management L.P. increased its stake in Korea Electric Power by 47.0% during the fourth quarter. Rockefeller Capital Management L.P. now owns 2,264 shares of the utilities provider’s stock worth $37,000 after acquiring an additional 724 shares during the last quarter. Parallel Advisors LLC lifted its stake in shares of Korea Electric Power by 30.8% in the 3rd quarter. Parallel Advisors LLC now owns 4,724 shares of the utilities provider’s stock valued at $52,000 after purchasing an additional 1,111 shares in the last quarter. Inspire Investing LLC lifted its stake in shares of Korea Electric Power by 30.8% in the 3rd quarter. Inspire Investing LLC now owns 8,803 shares of the utilities provider’s stock valued at $96,000 after purchasing an additional 2,071 shares in the last quarter. Sanctuary Advisors LLC grew its holdings in shares of Korea Electric Power by 5.8% during the 1st quarter. Sanctuary Advisors LLC now owns 44,565 shares of the utilities provider’s stock worth $635,000 after purchasing an additional 2,427 shares during the period. Finally, Sequoia Financial Advisors LLC grew its holdings in shares of Korea Electric Power by 5.8% during the 1st quarter. Sequoia Financial Advisors LLC now owns 67,637 shares of the utilities provider’s stock worth $964,000 after purchasing an additional 3,696 shares during the period.

About Korea Electric Power

Korea Electric Power Corporation, or KEPCO, is South Korea’s state-owned electric utility and the country’s principal provider of electricity transmission, distribution, and retail supply services. The company delivers power to residential, commercial, and industrial customers across South Korea and operates the national transmission and distribution networks.

KEPCO coordinates electricity generation through affiliated companies, including Korea Hydro & Nuclear Power, Korea South-East Power, Korea Midland Power, Korea Western Power, Korea Southern Power, and Korea East-West Power.