KEP Stock Summary and Trading Ideas (Korea Electric Power | NYSE:KEP)

Korea Electric Power Corp is an electric utility company in which the government of South Korea holds a controlling stake. The firm operates in the following segments: Transmission and distribution, Electric power generation (Nuclear), Electric power generation (Non-Nuclear), Plant maintenance & engineering service, and Others. Most of the energy produced by the company comes from its nuclear and coal-fired assets. Korea Electric Power generates revenue primarily through the Transmission and distribution segment.

Korea Electric Power trades on the NYSE stock market under the symbol KEP.

As of April 19, 2024, KEP stock price declined to $7.36 with 38,080 million shares trading.

KEP has a beta of 1.31, meaning it tends to be more sensitive to market movements. KEP has a correlation of 0.21 to the broad based SPY ETF.

KEP has a market cap of $9.45 billion. This is considered a Mid Cap stock.

In the last 3 years, KEP stock traded as high as $12.28 and as low as $5.76.

The top ETF exchange traded funds that KEP belongs to (by Net Assets): VXUS, SPDW, VEU, AVEM, EMIF.

KEP has underperformed the market in the last year with a price return of +4.5% while the SPY ETF gained +21.2%. However, in the short term, KEP had mixed performance relative to the market. It has outperformed in the last 3 months, returning +5.6% vs +4.3% return in SPY. But in the last 2 weeks, KEP shares have been beat by the market, returning -9.6% compared to an SPY return of -3.5%.

KEP support price is $7.25 and resistance is $7.53 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that KEP stock will trade within this expected range on the day.