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 200-day moving average during trading on Monday . The stock has a 200-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.

Analyst Upgrades and Downgrades

A number of research analysts 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 report on Saturday, November 1st. Weiss Ratings reiterated a “buy (b-)” rating on shares of Korea Electric Power in a report on Monday, December 29th. Finally, Zacks Research raised Korea Electric Power to a “hold” rating in a research report on Wednesday, November 19th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Korea Electric Power Price Performance

The stock’s 50 day moving average price is $18.90 and its 200-day moving average price is $16.14. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.48 and a quick ratio of 0.33.

Korea Electric Power (NYSE:KEP) last issued 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 during the quarter, compared to analyst estimates of $16.17 billion. Korea Electric Power had a net margin of 8.47% and a return on equity of 19.00%.

Institutional Inflows and Outflows

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