Kenon Holdings Ltd. (NYSE:KEN - Get Free Report) shares hit a new 52-week high during mid-day trading on Friday . The company traded as high as $36.28 and last traded at $35.37, with a volume of 41790 shares. The stock had previously closed at $34.71.
Analyst Ratings Changes
Separately, Wall Street Zen cut Kenon from a "hold" rating to a "sell" rating in a report on Thursday, May 15th.
Get Our Latest Research Report on KEN
Kenon Stock Down 0.3%
The stock has a market cap of $1.84 billion, a price-to-earnings ratio of 11.01 and a beta of 1.08. The company has a current ratio of 3.78, a quick ratio of 3.78 and a debt-to-equity ratio of 0.64. The stock's 50-day moving average price is $31.72 and its 200-day moving average price is $31.54.
Kenon (NYSE:KEN - Get Free Report) last posted its quarterly earnings results on Wednesday, May 28th. The utilities provider reported $0.22 earnings per share (EPS) for the quarter. Kenon had a return on equity of 2.93% and a net margin of 22.88%. The firm had revenue of $183.00 million for the quarter.
Kenon Increases Dividend
The company also recently disclosed an annual dividend, which was paid on Monday, April 21st. Shareholders of record on Monday, April 14th were paid a $4.80 dividend. This represents a yield of 15.6%. The ex-dividend date was Monday, April 14th. This is a boost from Kenon's previous annual dividend of $1.21. Kenon's dividend payout ratio (DPR) is 150.00%.
Institutional Investors Weigh In On Kenon
Hedge funds have recently added to or reduced their stakes in the company. Jane Street Group LLC acquired a new stake in Kenon in the first quarter valued at approximately $254,000. Anfield Capital Management LLC boosted its stake in Kenon by 100.0% during the 4th quarter. Anfield Capital Management LLC now owns 9,338 shares of the utilities provider's stock valued at $317,000 after purchasing an additional 4,669 shares during the last quarter. Norges Bank acquired a new position in Kenon during the 4th quarter valued at about $458,000. Northern Trust Corp boosted its stake in Kenon by 104.6% during the 4th quarter. Northern Trust Corp now owns 15,413 shares of the utilities provider's stock valued at $524,000 after purchasing an additional 7,881 shares during the last quarter. Finally, Nuveen LLC acquired a new position in Kenon during the 1st quarter valued at about $575,000. Institutional investors and hedge funds own 13.38% of the company's stock.
About Kenon
(
Get Free Report)
Kenon Holdings Ltd., through its subsidiaries, operates as an owner, developer, and operator of power generation facilities in Israel, the United States, and internationally. It operates through OPC Power Plants, CPV Group, and ZIM segments. The company engages in the generation and supply of electricity and energy; development, construction, and management of solar and wind energy, and conventional natural gas-fired power plants; and provision of container liner shipping services.
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