Kenon Holdings Ltd. (NYSE:KEN - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $49.23 and last traded at $48.77, with a volume of 7073 shares. The stock had previously closed at $46.90.
Analyst Ratings Changes
Separately, Wall Street Zen cut shares of Kenon from a "hold" rating to a "sell" rating in a report on Thursday, May 15th.
Read Our Latest Stock Report on KEN
Kenon Stock Up 0.9%
The firm has a market capitalization of $2.54 billion, a P/E ratio of 15.22 and a beta of 1.16. The company has a debt-to-equity ratio of 0.44, a quick ratio of 5.45 and a current ratio of 5.45. The business's fifty day moving average price is $39.77 and its two-hundred day moving average price is $34.52.
Kenon (NYSE:KEN - Get Free Report) last released its quarterly earnings results on Wednesday, May 28th. The utilities provider reported $0.22 earnings per share for the quarter. Kenon had a net margin of 79.14% and a negative return on equity of 2.64%. The business had revenue of $183.00 million for the quarter.
Institutional Trading of Kenon
A number of institutional investors have recently modified their holdings of KEN. Clal Insurance Enterprises Holdings Ltd boosted its stake in Kenon by 9.5% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 3,046,978 shares of the utilities provider's stock worth $96,048,000 after purchasing an additional 264,000 shares in the last quarter. Vanguard Group Inc. boosted its stake in Kenon by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 763,908 shares of the utilities provider's stock worth $24,217,000 after purchasing an additional 4,176 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Kenon by 11.4% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 425,549 shares of the utilities provider's stock worth $14,214,000 after purchasing an additional 43,694 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in Kenon by 6.2% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 267,618 shares of the utilities provider's stock worth $8,972,000 after purchasing an additional 15,677 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in Kenon by 327.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 122,589 shares of the utilities provider's stock worth $3,920,000 after purchasing an additional 93,896 shares in the last quarter. 13.38% of the stock is currently owned by institutional investors.
Kenon Company Profile
(
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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