Korea Electric Power (NYSE:KEP) Stock Crosses Above Two Hundred Day Moving Average – Should You Sell?

by · The Cerbat Gem

Shares of Korea Electric Power Corporation (NYSE:KEP – Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $14.34 and traded as high as $16.86. Korea Electric Power shares last traded at $16.86, with a volume of 306,039 shares traded.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on KEP. Weiss Ratings restated a “buy (b-)” rating on shares of Korea Electric Power in a research note on Monday. Wall Street Zen upgraded shares of Korea Electric Power from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 1st. Finally, Zacks Research raised 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, Korea Electric Power has a consensus rating of “Moderate Buy”.

Read Our Latest Research Report on KEP

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 stock’s 50 day moving average price is $16.53 and its two-hundred day moving average price is $14.38. The stock has a market cap of $21.92 billion, a price-to-earnings ratio of 3.74, a price-to-earnings-growth ratio of 0.06 and a beta of 0.95.

Korea Electric Power (NYSE:KEP – Get Free Report) last posted its quarterly earnings results on Thursday, December 18th. The utilities provider reported $2.11 EPS for the quarter, beating the consensus estimate of $2.08 by $0.03. The company had revenue of $19.64 billion for 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

Several institutional investors have recently bought and sold shares of KEP. Smartleaf Asset Management LLC purchased a new position in shares of Korea Electric Power during the 3rd quarter valued at approximately $29,000. TD Private Client Wealth LLC acquired a new stake in Korea Electric Power during the third quarter valued at $33,000. Hantz Financial Services Inc. increased its holdings in Korea Electric Power by 204.3% in the second quarter. Hantz Financial Services Inc. now owns 2,757 shares of the utilities provider’s stock valued at $39,000 after buying an additional 1,851 shares in the last quarter. Global Retirement Partners LLC acquired a new position in shares of Korea Electric Power in the third quarter worth about $41,000. Finally, Osaic Holdings Inc. boosted its stake in shares of Korea Electric Power by 1,144.4% during the 2nd quarter. Osaic Holdings Inc. now owns 3,447 shares of the utilities provider’s stock worth $49,000 after acquiring an additional 3,170 shares in the last quarter.

Korea Electric Power Company Profile

(Get Free Report)

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.

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