Korea Electric Power (NYSE:KEP) Sets New 1-Year High – Here’s Why

Shares of Korea Electric Power Corporation (NYSE:KEP) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $18.70 and last traded at $19.16, with a volume of 33805 shares changing hands. The stock had previously closed at $17.74.

Wall Street Analyst Weigh In

KEP has been the subject of several recent research reports. Zacks Research upgraded Korea Electric Power to a “hold” rating in a research report on Wednesday, November 19th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Korea Electric Power in a research report on Monday, December 29th. Finally, Wall Street Zen raised shares of Korea Electric Power from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 1st. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Korea Electric Power Stock Performance

The company’s 50-day moving average is $17.07 and its two-hundred day moving average is $14.94. The company has a market capitalization of $24.56 billion, a P/E ratio of 4.08, a PEG ratio of 0.06 and a beta of 0.89. The company has a quick ratio of 0.33, a current ratio of 0.48 and a debt-to-equity ratio of 1.78.

Korea Electric Power (NYSE:KEP) last released its quarterly earnings results on Thursday, December 18th. The utilities provider reported $2.11 EPS for the quarter, topping analysts’ consensus estimates of $2.08 by $0.03. The business had revenue of $19.64 billion during the quarter, compared to analysts’ expectations 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

Institutional investors and hedge funds have recently bought and sold shares of the business. Wealthstream Advisors Inc. raised its stake in shares of Korea Electric Power by 6.1% during the third quarter. Wealthstream Advisors Inc. now owns 12,594 shares of the utilities provider’s stock worth $164,000 after acquiring an additional 727 shares in the last quarter. Coldstream Capital Management Inc. lifted its stake in shares of Korea Electric Power by 6.2% in the 3rd quarter. Coldstream Capital Management Inc. now owns 12,851 shares of the utilities provider’s stock valued at $168,000 after acquiring an additional 746 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Korea Electric Power by 6.8% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 18,348 shares of the utilities provider’s stock valued at $239,000 after acquiring an additional 1,161 shares during the period. Rhumbline Advisers grew its position in Korea Electric Power by 0.7% during the 2nd quarter. Rhumbline Advisers now owns 163,208 shares of the utilities provider’s stock worth $2,324,000 after acquiring an additional 1,182 shares during the last quarter. Finally, Blue Trust Inc. raised its holdings in Korea Electric Power by 4.3% during the 3rd quarter. Blue Trust Inc. now owns 35,484 shares of the utilities provider’s stock valued at $463,000 after buying an additional 1,461 shares during the last quarter.

About Korea Electric Power

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.