Kenon (NYSE:KEN) Hits New 52-Week High - Here's Why

Shares of Kenon Holdings Ltd. (NYSE:KEN - Get Free Report) reached a new 52-week high during trading on Wednesday . The company traded as high as $95.93 and last traded at $95.5490, with a volume of 34964 shares traded. The stock had previously closed at $90.10.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a "hold (c)" rating on shares of Kenon in a research note on Thursday, January 22nd. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has an average rating of "Hold".

Kenon Stock Up 6.0%

The business's 50 day moving average is $83.42 and its 200-day moving average is $70.67. The stock has a market cap of $4.98 billion, a price-to-earnings ratio of 124.09 and a beta of 1.09. The company has a debt-to-equity ratio of 0.52, a quick ratio of 4.94 and a current ratio of 4.94.

Kenon (NYSE:KEN - Get Free Report) last released its quarterly earnings results on Monday, March 30th. The utilities provider reported $0.50 earnings per share (EPS) for the quarter. Kenon had a net margin of 7.60% and a return on equity of 3.17%. The firm had revenue of $227.93 million for the quarter.

Kenon Announces Dividend

The business also recently declared an annual dividend, which was paid on Monday, April 20th. Investors of record on Monday, April 13th were paid a $3.85 dividend. The ex-dividend date of this dividend was Monday, April 13th. This represents a yield of 476.0%. Kenon's dividend payout ratio (DPR) is currently 500.00%.

Institutional Investors Weigh In On Kenon

A number of institutional investors have recently added to or reduced their stakes in KEN. Blue Trust Inc. acquired a new stake in Kenon in the 1st quarter valued at $29,000. Raymond James Financial Inc. acquired a new stake in Kenon in the 2nd quarter valued at $32,000. Susquehanna Advisors Group Inc. acquired a new stake in Kenon in the 4th quarter valued at $202,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Kenon by 24.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,126 shares of the utilities provider's stock valued at $206,000 after acquiring an additional 610 shares during the period. Finally, PDT Partners LLC acquired a new stake in Kenon during the 4th quarter worth $232,000. Institutional investors and hedge funds own 13.38% of the company's stock.

Kenon Company Profile

Kenon Holdings Ltd. NYSE: KEN is a global investment holding company incorporated in Jersey, Channel Islands, with listings on the New York Stock Exchange and the Tel Aviv Stock Exchange. The company focuses on infrastructure and energy-related businesses, seeking to generate long-term value through stable cash flows and strategic growth. Kenon’s diversified portfolio spans power generation assets, midstream energy infrastructure and related services across multiple regions.

One of Kenon’s principal assets is QPI Ltd., an energy company based in Israel that owns and operates a combined-cycle, gas-fired power plant and an adjacent liquefied natural gas (LNG) import and regasification terminal at the Port of Ashdod.

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