Kenon (NYSE:KEN) Sets New 1-Year High - What's Next?

Kenon Holdings Ltd. (NYSE:KEN - Get Free Report)'s stock price reached a new 52-week high during trading on Friday . The stock traded as high as $36.28 and last traded at $35.37, with a volume of 41790 shares changing hands. The stock had previously closed at $34.71.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered Kenon from a "hold" rating to a "sell" rating in a research report on Thursday, May 15th.

Kenon Trading Up 2.2%

The firm has a market capitalization of $1.89 billion, a PE ratio of 11.32 and a beta of 1.08. The company has a debt-to-equity ratio of 0.64, a quick ratio of 3.78 and a current ratio of 3.78. The firm has a fifty day moving average of $31.89 and a 200 day moving average of $31.63.

Kenon (NYSE:KEN - Get Free Report) last issued its quarterly earnings data on Wednesday, May 28th. The utilities provider reported $0.22 earnings per share (EPS) for the quarter. The company had revenue of $183.00 million during the quarter. Kenon had a net margin of 22.88% and a return on equity of 2.93%.

Kenon Increases Dividend

The company also recently declared an annual dividend, which was paid on Monday, April 21st. Investors of record on Monday, April 14th were issued a dividend of $4.80 per share. This represents a yield of 15.6%. This is a positive change from Kenon's previous annual dividend of $1.21. The ex-dividend date was Monday, April 14th. Kenon's dividend payout ratio (DPR) is presently 150.00%.

Hedge Funds Weigh In On Kenon

A number of institutional investors have recently added to or reduced their stakes in the company. Jane Street Group LLC purchased a new stake in shares of Kenon during the first quarter worth about $254,000. Anfield Capital Management LLC grew 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 in the last quarter. Norges Bank purchased a new stake in Kenon during the 4th quarter worth approximately $458,000. Northern Trust Corp raised its position in shares of Kenon by 104.6% in 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 in the last quarter. Finally, Nuveen LLC acquired a new position in shares of Kenon in the 1st quarter valued at approximately $575,000. Institutional investors and hedge funds own 13.38% of the company's stock.

Kenon Company Profile

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.