Korea Electric Power (NYSE:KEP) Share Price Breaks Below 50 Day Moving Average - What's Next?

Key Points

• Korea Electric Power shares fell below their 50-day moving average of $11.05, trading as low as $10.00 and last changing hands at $10.165.
• The utility’s latest quarterly results missed expectations: earnings were $0.14 per share versus a $1.03 consensus, while revenue of $14.60 billion fell short of the $19.67 billion forecast.
• Analyst sentiment is cautious: four analysts rate the stock Hold and one rates it Sell, producing a MarketBeat average rating of Reduce.

Korea Electric Power Corporation (NYSE:KEP - Get Free Report) shares crossed below its fifty day moving average during trading on Friday. The stock has a fifty day moving average of $11.05 and traded as low as $10.00. Korea Electric Power shares last traded at $10.1650, with a volume of 1,942,501 shares.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on KEP. Wall Street Zen cut Korea Electric Power from a "hold" rating to a "sell" rating in a report on Saturday. Weiss Ratings upgraded Korea Electric Power from a "hold (c)" rating to a "hold (c+)" rating in a report on Thursday, October 8th. Zacks Research upgraded Korea Electric Power from a "strong sell" rating to a "hold" rating in a report on Monday, November 9th. Finally, Nomura lowered Korea Electric Power from a "buy" rating to a "neutral" rating in a research note on Thursday, August 13th. Four research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Reduce".

Korea Electric Power Trading Down 8.7%

The company has a market capitalization of $13.05 billion, a P/E ratio of 2.37, a P/E/G ratio of 1.73 and a beta of 1.02. The stock's 50 day moving average is $11.05 and its 200-day moving average is $13.76. 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 - Get Free Report) last issued its quarterly earnings data on Tuesday, September 15th. The utilities provider reported $0.14 EPS for the quarter, missing the consensus estimate of $1.03 by ($0.89). The company had revenue of $14.60 billion during the quarter, compared to analysts' expectations of $19.67 billion. Korea Electric Power had a return on equity of 15.70% and a net margin of 8.15%. As a group, equities research analysts anticipate that Korea Electric Power Corporation will post 3.14 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Parallel Advisors LLC grew its stake in Korea Electric Power by 30.8% in the third quarter. Parallel Advisors LLC now owns 4,724 shares of the utilities provider's stock worth $52,000 after purchasing an additional 1,111 shares during the period. Royal Bank of Canada lifted its position in Korea Electric Power by 171.4% during the first quarter. Royal Bank of Canada now owns 6,499 shares of the utilities provider's stock valued at $93,000 after buying an additional 4,104 shares during the period. Inspire Investing LLC lifted its position in Korea Electric Power by 30.8% during the third quarter. Inspire Investing LLC now owns 8,803 shares of the utilities provider's stock valued at $96,000 after buying an additional 2,071 shares during the period. Nykredit A S purchased a new position in Korea Electric Power during the second quarter valued at $121,000. Finally, Altar Rock LLC bought a new stake in shares of Korea Electric Power during the 3rd quarter valued at $116,000.

About Korea Electric Power

Korea Electric Power Corporation, commonly known as KEPCO, is an integrated electric utility based in South Korea. It is responsible for transmitting and distributing electricity across the country and selling power to households, businesses and other customers. KEPCO also participates in electricity generation, including through subsidiaries that operate nuclear, coal-fired and other power plants. Its activities extend to energy-related services and overseas power projects. The company traces its modern corporate history to its establishment as a public corporation in 1982, building on earlier Korean electricity organizations.

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