Korea Electric Power (NYSE:KEP) Share Price Passes Above Two Hundred Day Moving Average - What's Next?

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.

Shares of Korea Electric Power Corporation (NYSE:KEP - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-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.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded Korea Electric Power from a "buy" rating to a "strong-buy" rating in a research note on Monday, May 19th.

Korea Electric Power Stock Up 7.5%

The company has a market cap of $19.07 billion, a P/E ratio of 5.09 and a beta of 0.95. The company has a debt-to-equity ratio of 2.09, a current ratio of 0.47 and a quick ratio of 0.32. The stock has a fifty day moving average price of $12.55 and a two-hundred day moving average price of $9.70.

Korea Electric Power (NYSE:KEP - Get Free Report) last posted its earnings results on Tuesday, June 17th. The utilities provider reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $16.67 billion during the quarter, compared to analyst estimates of $17.04 billion.

Institutional Trading of Korea Electric Power

A number of institutional investors and hedge funds have recently modified their holdings of KEP. American Century Companies Inc. increased its position in Korea Electric Power by 6.5% in the first quarter. American Century Companies Inc. now owns 443,061 shares of the utilities provider's stock worth $3,283,000 after buying an additional 26,906 shares during the last quarter. Northern Trust Corp lifted its stake in Korea Electric Power by 642.2% in the fourth quarter. Northern Trust Corp now owns 383,704 shares of the utilities provider's stock worth $2,640,000 after purchasing an additional 332,009 shares during the last quarter. Ramirez Asset Management Inc. boosted its stake 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 valued at $2,075,000 after purchasing an additional 11,215 shares during the period. Millennium Management LLC grew its stake in shares of Korea Electric Power by 65.3% in the fourth quarter. Millennium Management LLC now owns 209,626 shares of the utilities provider's stock worth $1,442,000 after purchasing an additional 82,775 shares during the last quarter. Finally, Envestnet Asset Management Inc. purchased a new position in Korea Electric Power during the 2nd quarter valued at $2,698,000.

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.

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