Kenon Holdings Ltd. (NYSE:KEN - Get Free Report)'s stock price reached a new 52-week high during trading on Thursday . The stock traded as high as $36.95 and last traded at $36.77, with a volume of 13779 shares trading hands. The stock had previously closed at $36.08.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen lowered Kenon from a "hold" rating to a "sell" rating in a report on Thursday, May 15th.
Check Out Our Latest Analysis on Kenon
Kenon Stock Up 0.1%
The stock has a market cap of $1.93 billion, a PE ratio of 11.56 and a beta of 1.12. The firm has a fifty day moving average of $32.20 and a 200 day moving average of $31.81. The company has a quick ratio of 3.78, a current ratio of 3.78 and a debt-to-equity ratio of 0.64.
Kenon (NYSE:KEN - Get Free Report) last posted its earnings results on Wednesday, May 28th. The utilities provider reported $0.22 EPS for the quarter. The firm had revenue of $183.00 million for the quarter. Kenon had a return on equity of 2.93% and a net margin of 22.88%.
Kenon Increases Dividend
The business 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 an increase from Kenon's previous annual dividend of $1.21. Kenon's dividend payout ratio is currently 150.00%.
Hedge Funds Weigh In On Kenon
Large investors have recently bought and sold shares of the stock. Norges Bank acquired a new position in Kenon in the fourth quarter valued at $458,000. Northern Trust Corp boosted its stake in Kenon by 104.6% in the fourth quarter. Northern Trust Corp now owns 15,413 shares of the utilities provider's stock valued at $524,000 after acquiring an additional 7,881 shares in the last quarter. LPL Financial LLC acquired a new position in Kenon in the fourth quarter valued at $998,000. Vanguard Group Inc. boosted its stake in Kenon by 2.0% in the fourth quarter. Vanguard Group Inc. now owns 759,732 shares of the utilities provider's stock valued at $25,370,000 after acquiring an additional 15,249 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its stake in Kenon by 6.2% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 267,618 shares of the utilities provider's stock valued at $8,972,000 after acquiring an additional 15,677 shares in the last quarter. 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.
Further Reading
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