Korea Electric Power (NYSE:KEP) Stock Price Crosses Above 200-Day Moving Average - Here's Why

Key Points

• Korea Electric Power Corporation shares have surpassed their 200-day moving average of $9.70, trading as high as $14.87.
• Wall Street has upgraded Korea Electric Power from a "buy" rating to a "strong-buy" rating, indicating increased investor confidence.
• The company reported a net margin of 5.53% and earnings per share (EPS) of $1.25, exceeding analysts' consensus estimate of $0.90.

Korea Electric Power Corporation (NYSE:KEP - Get Free Report) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $9.70 and traded as high as $14.87. Korea Electric Power shares last traded at $14.85, with a volume of 597,676 shares traded.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised shares of Korea Electric Power from a "buy" rating to a "strong-buy" rating in a report on Monday, May 19th.

Korea Electric Power Stock Up 0.5%

The stock has a market cap of $17.78 billion, a price-to-earnings ratio of 4.74 and a beta of 0.95. The company has a current ratio of 0.47, a quick ratio of 0.32 and a debt-to-equity ratio of 2.09. The stock's 50-day moving average price is $12.76 and its 200-day moving average price is $9.87.

Korea Electric Power (NYSE:KEP - Get Free Report) last released its earnings results on Tuesday, June 17th. The utilities provider reported $1.25 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.90 by $0.35. Korea Electric Power had a net margin of 5.53% and a return on equity of 13.16%. The company had revenue of $16.67 billion for the quarter, compared to the consensus estimate of $17.04 billion.

Institutional Trading of Korea Electric Power

Several institutional investors have recently made changes to their positions in the company. Creative Planning bought a new stake in shares of Korea Electric Power in the 2nd quarter worth $179,000. PNC Financial Services Group Inc. lifted its holdings in shares of Korea Electric Power by 23.5% in the second quarter. PNC Financial Services Group Inc. now owns 60,668 shares of the utilities provider's stock worth $864,000 after buying an additional 11,527 shares in the last quarter. Vise Technologies Inc. purchased a new stake in shares of Korea Electric Power in the second quarter worth about $283,000. Simon Quick Advisors LLC purchased a new stake in Korea Electric Power in the second quarter valued at approximately $147,000. Finally, Hantz Financial Services Inc. raised its stake 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 purchasing an additional 1,851 shares in the last quarter.

Korea Electric Power Company Profile

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.